Head of Audit (Audit Department)

Job Descriptions

• Monitors compliance with IFRS-International Financial Reporting Standard and company procedures
• Provide timely and effective communication of audit results and the status of outstanding issues to management, the Audit Committee and Regulators
• Plan and execute all aspects of audit activities including risk assessments, audit planning, audit testing, control evaluation, audit reporting, work paper documentation, and verification of issue / action plan closures.
• Build internal audit function within the Company including coordinating a smooth transition from current externally run internal audit function.
• Develop and execute a risk-based operational audit plan, including tracking audit findings through to remediation assessing impact of findings on internal control environment and impact, if any, on financial statements
• Managing the audit team so it is resourced with appropriately skilled personnel.
• Execute day-to-day operational audit work and contribute to the delivery of audits (including risk assessment profiles and business monitoring)
• Plan audits documenting activity flows of the processes to be reviewed, identify risks and the key actual controls in place to mitigate the identified risks and attend meetings with internal stakeholders as and when required.
• Reviewing internal controls and accounting procedures to ensure that they are operating effectively.
• Training staff on the importance of ethics and compliance with laws and regulations
• Evaluating the effectiveness of risk management programs within an organization to ensure that risks are identified and managed appropriately.
• Conducting special audits and investigations into suspected misconduct by employees or board members
• Conducting audits of internal controls within an organization to ensure that controls are functioning correctly and efficiently.
• Reviewing financial records for accuracy and ensuring that transactions are correctly recorded.

Job Specification

• Minimum of a bachelor’s degree in accounting, finance or another closely related field such as B.Com, ACCA, CPA, MBA.
• A minimum of 10 years of related work experience in management of Internal Audit and/or Finance.
• Expert skills in auditing techniques, accounting, and management principles.
• Able to multi-task assignments and prioritize workload with limited supervision and be resilient under pressure and able to deliver to deadlines.
• Strong working knowledge of governmental budgeting and accounting policies, procedures, and standards.
• Strong management or leadership skills as exhibited by experience in effectively leading a team.