Senior Internal Auditor

You will be working for a company that is over 100 years old with strong values which are customer centric. In return for your services, you will be paid a competitive package which includes pension fund contributions and a medical aid allowance. You will have access to personal services through the employee assistance program and wellness programs. You will be working for an organization that values employee development and rewards excellent performance.

Develop a comprehensive, practical program of audit coverage for assigned areas of audit:

• Compile a comprehensive, risk based annual audit coverage plan within the assigned audit universe.
• Schedule audit reviews, projects and staff assignments, to comply with management's needs within the scope of the activity's overall schedule.
• The senior auditor will also be responsible for the necessary adjustments and needs to be flexible when the need arises, for example with the identification of special assignments by the Board or the Audit Committee.
• Assess the areas of risk and appraise their significance in relation to operational factors of cost, schedule and quality. Classify audit projects to degree of risk and significance and as to frequency objective of audit coverage.
• Monitor the progress of the execution of the audit plan in order to ensure that it is fully executed. Any major changes will be communicated to the Audit Manager.

Initiate the audit process:

• Evaluate the Group’s systems of internal control to ensure they function in an effective and efficient manner.
• Implement approved group audit methodologies and procedures to ensure compliance at all times with current internal auditing standards.
• Coordinate and follow up on findings reported on audit reports issued to Management.
• Co-ordination and solve problems encountered by the Operational Audit Team members.
• Prepare and submit monthly management reports and statistics and the distribute correspondence.
• Coordinate the roll out of ad-hoc assignments delegated from time to time e.g. agreed upon procedures, etc.

Supervise and coach junior audit staff:

• Supervise and review work conducted by internal auditors.
• Review and approve the purpose, scope and audit approach of each audit project for assigned areas of audit.
• Assist in evaluating overall results of the audits by:
• Identifying and reporting of inadequate and ineffective systems of internal control.
• Review and evaluate the methods applied to safeguard the organisation’s assets.
• Review results of the organisational activities to confirm the achievement of objectives as determined by management.
• Validate the level of compliance to applicable legislation and internal policies and procedures.
• Oversee budget expenditures of the Operational Audit Team.

Confirm conformance with acceptable audit standards, plans, budgets and schedules:

• Direct the audit projects to ensure that professional standards are maintained in the planning and execution and in the accumulation of evidentiary data.
• Counsel and guide auditors on a continuous basis to ensure that the approved audit objectives are met and that adequate, practical coverage are obtained to support the audit findings.
• Accumulate data, maintain records and prepare reports on the administration of audit projects and other assigned activities.
• Execute audits/controls in accordance to the existing methodologies and in line with the professional standards as set by the Institute of Internal Auditors.

Provide and conduct research, develop manuals and training guides:

• Provide and perform research on audit techniques and adjust or create new and existing manuals and procedures.
• Identify factors causing deficient conditions and recommend courses of action to improve the conditions, including special surveys and audits.
• Provide formal plans for the recruiting, selecting, training, evaluating and supervising of staff personnel.
• Identify training requirements of the Audit Team members.

Maintain effective working relations with management:

• Schedule regular meetings with management to keep them abreast of the audit and highlight any significant issues identified in the audit.
• Keep the manager updated in the performance of the audit reviews.

Plan the Internal quality Assessments:

These assessments are conducted in line with the quality assessment methodology that is in-line with the Standards as prescribed by the Institute of Internal Audit. The assessments will be conducted under the direct control of the Manager Internal Audit.

Minimum Requirements:

• Three-year B.Comm Degree specialising in Internal Auditing and Accounting or BTech equivalent.
• B.Comm Honours Degree (Internal Auditing and Accounting).
• CIA or studying towards CIA.
• Minimum 5 years as an internal auditor and 2 years senior or supervisory internal auditor role.
• Completed articles as well as hands on accounting work experience. (advantage).
• Internal Auditing and/or financial accounting experience within the Insurance or Financial Services industry.
• Advance level of proficiency relating to the MS Office Suite (in particular MS Word and PowerPoint). Advance MS Excel skills.
• Knowledge of TeamMate (advantage).
• Advanced understanding of the International Professional Practices Framework (IPPF).
• Analytical skills.
• Decision making skills.
• Stakeholder management.
• Planning skills.
• Communication skills.
• People management or supervisory skills.
• Assertiveness.