Ensure compliance of the company to internal control systems, risk management and governance, procedures and policies with a view to safeguarding proper utilization of assets and other resources.

OBJECTIVES/ PERFORMANCE MEASURES/ INDICATORS

• Effective utilization of resources
• Compliance to policies, procedures, standards and controls
• Cost control, availability of timely and accurate information
• Risk management and safety of assets
• Compliance to safety regulations procedures
• Good process flow that ensures efficiency and effectiveness

• Developing and implementing departmental plans in line with the corporate objectives
• Perform and control the full audit cycle including risk management and control management over operations effectiveness, financial reliability and compliance with all applicable directives and regulations.
• Determine internal audit scope and develop annual plans
• Obtain, analyze and evaluate accounting documentation, previous reports, data, flow charts etc.
• Prepare and present reports that reflect audit’s results and document process.
• Identify loop holes and recommend risk aversion measures and cost savings
• Document process and prepare audit findings memorandum
• Conduct follow-up audits to monitor management’s interventions
• In consultation with the seniors formulating and implementing corporate audit policies and procedures
• Providing regular briefing to Managing Director on the adequacy of the internal control systems in relation to risk management
• Formulating and implementing strategies for general, investigative systems and technical audit
• Developing and implementing Audit schedules
• Preparing accurate and timely reports and distributing to appropriate users and ensuring implementation of audit reports and internal controls
• Reviewing and updating audit manuals and maintaining a close working relationship with the company’s external auditors and other agencies on corporate governance issues
• Reviewing the reliability, integrity, timeliness and accuracy of financial and operating information to facilitate sound decision making by management
• Engage to continuous knowledge and development regarding sector’s rules, regulation, best practices, tools, techniques and performance standards.
• reviewing the Work Completed and Reports produced by Automate to flag inconsistencies with an aim of completely dealing with fraud

PROBLEMS/ KEY FEATURES/DECISION MAKING

• The job has a diverse range of broadly related tasks in audit of all processes. It also requires a degree of administrative and supervisory skills.
• Work is focused on ensuring that auditing procedures performed are in accordance with company policy and in line with statutory requirements
• A fair amount of the work is standardized however, there are a number of no-routine elements such as investigations, creativity in assessing success in processes
• Freedom of action exists to make independent decisions but with well established and clearly defined policy and procedural guidelines. There is regular reference to the Finance Manager
• Work can make significant impact on the work of the Service and Vehicle sales department and other relevant processes
• Errors can be detected without too much difficulty and can have considerable short term detrimental effects on the process
• Through loose controls there will be unsatisfactory performance leading to losses or fraud.
• Contacts are made within the business with people from other processes. These contacts involve exchange and interpretation of information with people at a number of levels

 

 

 

• At least 5 years in Audit, three years should have been at senior level

• Must have good leadership and people management skills
• Good interpersonal skills, Skills in planning/organizing, creative and innovative.

 

All applications should be submitted by 17th March 2024.