Internal Audit Manager
Reliable Recruiters
16h ago
source : BrighterMonday Kenya

Job Summary

Our client in the Insurance sector is looking for an Internal Audit Manager to oversee the Internal Audit Function in the Company.

  • Minimum Qualification : Masters
  • Experience Level : Management level
  • Experience Length : 6 years
  • Job Description

    Key Tasks, Duties and Responsibilities

  • Ensure detailed audit programmes, based on the documented procedures and best practices, are developed, for each identified audit project, giving special attention to potential risk areas;
  • Prepare reports for management and the Audit and Risk Committee clearly describing the key findings and practical recommendations for improvements;
  • Coordinate the implementation of internal audit strategies, policies and procedures;
  • Facilitate regional and branch audits to ensure operations are in line with the company policies;
  • Verify documentation and review of existing accounting, administrative and internal control systems and make the appropriate recommendations for improvement.
  • This covers the entire company operations and calls for thorough understanding of all operations;
  • Formulate and implement Internal Audit policies and operations manuals;
  • Ensure detailed audit tests are performed on all the company’s operations based on Standard audit programmes in accordance with the approved annual audit plan.
  • This includes recommendations to improve efficiency. The job holder may change the scope of the audit if actual circumstances in the field so demand;
  • Maintain adequate and properly documented audits performed and evidence in the Internal Audit systems;
  • Assess the Audited department's primary operational and financial risks and develop strategies to manage these areas;
  • Work with the different stakeholders and provide feedback to staff on performance of each audit assignment;
  • Develop and implement the performance management plan and cycle for team members as provisioned by HR;
  • Schedule and assign work to the audit team estimating resource needs;
  • Verify compliance with all the relevant legislation and regulatory requirement. This calls for regular updates with all the relevant legislation and statutory requirements affecting the company;
  • Attend and participate in the Management meetings to enhance understanding of the company’s operations; and
  • Deliver on performance requirements as defined in the departments’ strategy.
  • Education and Professional Qualifications

  • Bachelor degree in Accounting, Finance or a related field;
  • CPA (K) or ACCA is mandatory;
  • CIA, CISA or equivalent;
  • Membership of the Institute of Internal Auditors is an added advantage;
  • Member of the Institute of Certified Public Accountants, Kenya;
  • MBA in Finance, Accounting or other related area.
  • Experience & Key Competencies

  • At least six years’ experience in internal auditing preferably in the financial services sector;
  • Comprehensive and current knowledge of legislation applicable to the insurance field;
  • Good understanding of accounting principles and financial statements;
  • Advanced computer skills in MS Office, accounting software and databases;
  • Ability to manipulate large amounts of data and to compile detailed reports;
  • Proven knowledge of auditing standards and procedures, laws, rules and regulations;
  • High attention to detail and excellent analytical skills;
  • Good interpersonal skills with a proven ability to communicate effectively (both written and verbal) with all levels within the organization;
  • Unquestioned personal integrity with strong ethics and values consistent
  • Ability to stand firm on difficult issues when required;
  • Strong analytical capability;
  • Highly capable of working independently and with minimum supervision;
  • Logical approach to identifying and evaluating issues and problem solving;
  • Well-developed organizational skills with the ability to prioritize multiple assignments;
  • Displays awareness of the need for confidentially in sensitive matters;
  • Demonstrated job commitment and personal flexibility to meet changing expectations;
  • Commitment to self-development and expansion of knowledge.
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