Internal Audit Specialist

SUMMARY:
Chrome Mining Group is looking for an Internal Audit Specialist at their corporate office in Morningside, Sandton

POSITION INFO:

Our client, a leading Chrome Mining Group is looking for an experienced and qualified Internal Audit Specialist in theGautengProvince.

Description    

Purpose of Job:

The Internal Auditor (CIA) will conduct risk assessment of assigned audits within the established or required timeline. Execute and manage risk based internal audits and consulting projects. Communicate findings to Senior and Line Management and draft comprehensive report for the audited area.

To provide management with suitable recommendations that will improve the company’s risk assessment, governance process and internal control procedures.

Balanced Scorecard Pillars, Roles and Responsibilities:

SAFETY, HEALTH, ENVIRONMENT AND QUALITY

Identify and assess the level of risk in area of responsibility by considering exposures to business, financial, legal compliance, people, equipment, environment, material, processes, etc.

Consider the level of risk and mitigation and then implement control measures to reduce the residual risk (set objectives, minimum requirements, etc.)

Comply with the company’s SHEQ requirements during the performance of internal audit projects or other internal audit related activities

Utilise IMS to identify SHEQ pertinent incidents, analyse, identify trends, investigate and then report on SHEQ activities

PEOPLE

Manage personal development

Coach other internal audit team members during complex or big audit projects/ assignments

CUSTOMERS

Develop, maintain and improve relationships with key internal and external stakeholders

Liaise and inform the Business Units regarding Internal Audit methodology

Report on key issues identified during the audit, and to make recommendations for improvement or corrective action

Assist Business Unit Management with the performance of the risk assessment.

BUSINESS PROCESSES

Risk Assessment and Planning:

Monitor and evaluate the effectiveness of the risk assessment system

Prepare process flow charts/ system descriptions and process narratives

Identify and assess pertinent key business risks and the compensating controls

Prepare the risk and control matrix for assigned audit engagements

Audit Engagement/ Assignments:

Lead the assigned audit engagements or projects

Prepare and execute risk based internal audit assignment

Plan and develop detailed audit programme for assigned audit engagement

Identify and assign audit work to other internal auditors during the audit process

Perform analytical reviews and testing procedures during audit engagement

Prepare audit working papers that support the issues presented in an audit report

Ensure that audit working papers prepared by others team members supports the audit findings raised in the audit report

Communicate significant audit findings to the Auditor-In-Charge (AIC) and the Internal Audit Manager on time

Develop and discuss audit findings with Auditee’s responsible staff members and management to inform, clarify and confirm the audit findings

Make suitable recommendation to improve the operations and internal controls

Prepare and present formal written internal audit reports for audits performed

Identify and recommend training needs for other internal auditors

Manage and resolve disputes/ conflict that may arise during the audits

Follow Up Audits:

Monitor and follow-up on the implementation status of the recommendations made by Internal Audit and the agreed management action plans

Compile clear and concise follow-up report outlining the implementation status of recommendations and agreed management action plans, and further present it to management

Ad hoc requests/ Special Assignments:

Lead and or execute the special reviews or ad hoc requests projects.

Assist in the performance of special review requested by management

Prepare clear and concise reports for ad hoc projects/ assignments and further present the reports to management                          

Quality:

Execute/assist in completion of all audit work in accordance with IIA standards

Ensure audits are conducted in accordance with IIA standards and code of ethics

Prepare clear and concise reports for audit and ad hoc engagements performed

GROWTH

Continuous Improvement:

Contribute to the improvement of risk management and control systems.

Identify or ensure that significant risks facing the company are identified.

Business and system improvement.

Assist in carrying fraud and other management special requests.

SHAREHOLDER VALUE

Identify key risk exposures and make suitable recommendations.

Workplace Competencies:

Skills:

Excellent verbal and written communication skills

Good computer skills and must be SAP literate

Fraud investigation and Information Technology audit skills will be an advantage

Knowledge:

Comprehensive understanding of the risk based internal auditing

Know and understand audit procedures and computerised accounting in SAP

Obtain and evaluate the audit evidence, and to prepare & present audit reports

Knowledgeable in risk management and control frameworks

Knowledgeable in relevant South African legislations, Generally Accepted Accounting Practices (GAAP) and International Financial Reporting Standards (IFRS)

Requirements           

Minimum Requirements:

Bachelors of Commerce Degree or Equivalent + CIA

Minimum 4 to 6 years Internal Audit experience (preferably in a mining or smelting environment)

Honours or CISA of CFE will be an added advantage

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