SUMMARY:
The University of Fort Hare is a vibrant, equitable and sustainable African university, committed to teaching and research excellence at the service of its students, scholars and the wider community.
The University of Fort Hare seeks to appoint for the following vacancy:
INTERNAL AUDITOR (REF – 8405)
Job Purpose:
To conduct financial, operational and compliance audits. This individual will examine and evaluate the adequacy and effectiveness of the system of internal controls, risk management and compliance with approved policies, procedures and regulations. The ultimate deliverable for the position is to produce quality audit reports for each engagement in the annual internal audit plan.
POSITION INFO:
MINIMUM REQUIREMENTS:
- Bachelor’s degree in Finance/Accounting or National Diploma or Degree in Internal Audit.
MINIMUM EXPERIENCE:- At least 2 years working experience in performing operational and financial audits.
Added advantage:- Internal Audit Technician (IAT)
- Experience in data analysis
- Worked in one of the 4 big audit firms.
DUTIES:
Strategic responsibilities- Provide inputs for the development of risk based Annual Internal Audit Plan.
- Provide inputs for the development of the annual departmental budget.
Operational responsibilities (Planning)- Attend team briefing meeting.
- Conduct research to obtain knowledge of the client, culture and main processes being reviewed.
- Draft and issue the notification letter.
- Participate in kick - off meeting with the client.
- Complete the preliminary survey.
- Develop business process flow for the area to be audited.
- Identify and document inherent risks and controls within the business process.
- Draft the engagement letter.
- Conduct a walkthrough to confirm the business process.
- Develop audit procedures based on the risk and controls identified.
- Propose practical and value adding recommendations to address control weaknesses and/or process inefficiencies.
- Prepare a project plan for the project to be conducted.
Operational responsibilities (execution)- Design working papers.
- Perform audit tests and prepare working papers in accordance with professional IIA standards and UFH IA methodology.
- Identify both positive and negative findings.
- Participate in closing meetings with client at the end of fieldwork, providing clear explanations for identified issues.
- Hold on-going update meetings with the clients during the execution of the audit.
- Drafting a communication of queries document to be sent to the client for confirmation of the findings identified.
- Address/clear all coaching notes
Operational responsibilities (reporting)- Draft an Internal Audit Report based on the findings raised in the execution stage for submission to the Internal Audit Supervisor.
- Facilitate a meeting with the Management of the Client to discuss the findings and confirm the management comments/action plans obtained from the lower management within the client’s department.
- Complete final report.
Compile and Wrap up Audit Files- Ensure that all stages in the file are signed off and all the workings are aligned to the final report.
- Complete a client feedback form to the client and make necessary follow-ups.
- Complete a performance review for the projects.
- Discuss the performance review with the Internal Audit Supervisor for approval.
Other responsibilities- Review work performed by the Interns when there are Interns in the Department.
- Attend progress reporting meetings as and when requested.
- Perform other administrative work as assigned by seniors.
KEY COMPETENCIES:- Striving for excellence, results driven and client-oriented value add.
- Ability to "think outside the box" and apply creative and constructive thinking to proposed recommendations for improvements to internal process, procedures and policies.
- Ability to analyse and interpret numbers and data.
- Ability to keep the vision and values of the University at the forefront of decision- making and personal action.
- Take accountability for delivering a high level of service and to hold others to account for agreed targets.
- Takes prompt and proactive action to accomplish objectives.
- Excellent communication and listening skills with ability to interact effectively with all levels of management.
Closing Date: 10 January 2024 To apply: Interested applicants who meet the criteria are invited to:
- Visit the Website
