SUMMARY:
Internal Auditor - Newly qualified CA (SA) - BEE requirement - JHB
POSITION INFO:
Provides strategic direction, manage and execute the Internal Audit activity, coordinate specific processes to support the implementation and execution of the Internal Audit Plan, conducting, compiling and presenting internal audit reviews, monitoring compliance, preparing and presenting audit findings and recommendations, and providing assurance of compliance with statutory requirements, policies and procedures in line with the Institute of Internal Auditors Standards and the organisation’s policies and procedures. The role requires specific attention to operational and financial controls reviews.
Responsibilities/ Work attributes
Establish, manage, maintain and promote the standing and image of the Internal Audit Department;
Jointly maintain and execute Internal Audit policies and procedures;
Jointly maintain and execute strategic and operational risk-based audit plans;
Perform system descriptions and assess business risk, as well as knowledge in conducting risk assessments;
Jointly develop/ review and execute the audit engagement plan and audit engagement programme (risk and controls matrix) to meet the objectives of the Internal Audit engagement;
Execute the planned audits alone and hold meetings and discussions with management and senior executives;
Have knowledge on how to audit in a business environment where there are no detailed step by step policies and procedures;
Jointly communicate the results of the Internal Audit engagements to the relevant stakeholders, management and senior executives;
Manage and review the Internal Audit engagement outcome;
Draft the Internal Audit Report in respect of the Internal Audit engagements performed and discuss the reportable findings with management to facilitate obtaining management comments and management remediation plans;
Be conversant with auditing several key areas (relevant business cycles – Financial and Operational) in the business and hold discussions with operational staff, management and executive on how best these can be improved;
Understand how to identify fraud red flags or fraud indicators;
Jointly assess management remediation plans in respect of findings identified, and monitor implementation progress thereof;
Be able to learn and understand the unique transactions and accounting systems used in the businesses of the division, as well as the ability to develop a quick understanding of business operations and transactions within the businesses of the division;
Jointly train, coach, develop and mentor Internal Audit staff members;
Assist with the preparation of the quarterly Audit Committee pack, including the Internal Audit Report within the Audit Committee pack for the purposes of the Audit Committee meetings;
Where possible, utilize data analytics and data analytical applications in the execution of Internal Audit field work to enhance the efficiency and effectiveness of the work performed by Internal Audit.
Continuous professional development and updating of technical knowledge to ensure continued competence;
Responsibilities/ Work attributes
• Establish, manage, maintain and promote the standing and image of the Internal Audit Department;
• Jointly maintain and execute Internal Audit policies and procedures;
• Jointly maintain and execute strategic and operational risk-based audit plans;
• Perform system descriptions and assess business risk, as well as knowledge in conducting risk assessments;
• Jointly develop/ review and execute the audit engagement plan and audit engagement programme (risk and controls matrix) to meet the objectives of the Internal Audit engagement;
• Execute the planned audits alone and hold meetings and discussions with management and senior executives;
• Have knowledge on how to audit in a business environment where there are no detailed step by step policies and procedures;
• Jointly communicate the results of the Internal Audit engagements to the relevant stakeholders, management and senior executives;
• Manage and review the Internal Audit engagement outcome;
• Draft the Internal Audit Report in respect of the Internal Audit engagements performed and discuss the reportable findings with management to facilitate obtaining management comments and management remediation plans;
• Be conversant with auditing several key areas (relevant business cycles – Financial and Operational) in the business and hold discussions with operational staff, management and executive on how best these can be improved;
• Understand how to identify fraud red flags or fraud indicators;
• Jointly assess management remediation plans in respect of findings identified, and monitor implementation progress thereof;
• Be able to learn and understand the unique transactions and accounting systems used in the businesses of the division, as well as the ability to develop a quick understanding of business operations and transactions within the businesses of the division;
• Jointly train, coach, develop and mentor Internal Audit staff members;
• Assist with the preparation of the quarterly Audit Committee pack, including the Internal Audit Report within the Audit Committee pack for the purposes of the Audit Committee meetings;
• Where possible, utilize data analytics and data analytical applications in the execution of Internal Audit field work to enhance the efficiency and effectiveness of the work performed by Internal Audit.
• Continuous professional development and updating of technical knowledge to ensure continued competence;
• Continually sell internal audit to management and other stakeholders and demonstrate the value that internal audit is adding or can add;
• Conduct research on developments in corporate governance, risk management and internal audit and educate and support management on the new developments;
• Assist management with ad-hoc tasks and requests;
• Perform a supporting role to the company Internal Audit Manager/s.
Competencies or key attributes
The incumbent must:
• Be positive, self-motivated and independent person, who can work without constant supervision, both on his/ her own, and needs to know when to contact others for assistance;
• enjoy what he/she is doing, and should preferably be comfortable with being in Internal Audit in the medium term;
• be able to handle stress, pay attention to detail and pride himself/ herself on quality work, be able to work under pressure and run several tasks or projects at the same time as well as ability to plan and prioritise.
• be able to work effectively to meet deadlines;
• have proven internal audit skills;
• can identify and assess business risks;
• be impartial, unbiased and objective;
• be assertive, decisive, diplomatic and tactful, and be able to take a stand to defend personal views and opinions;
• have excellent verbal and written communication skills;
• can interact at all levels (meetings are held with senior executives of various operational clusters, audit committee members and CEO and CFO of the Division);
• have good business acumen;
• be presentable, professional and confident;
• be focused and disciplined;
• be target/ results driven with a sense of urgency to get things done;
• pay attention to detail/ be methodical/ analytical;
• can work unsupervised;
• be willing to, and be able to travel (and spend approximately 35% of time out of town);
• be flexible and able to adapt to varying environments and cultures that exist in each operational cluster or business unit.
• be innovative and constantly seek improved ways to audit efficiently in a manner that will suit the organisational environment and culture.
Knowledge and Skills
• Knowledge of King III and King IV Code of Corporate Governance;
• Excellent report writing, presentation and communication skills;
• MS Office suite; and the aptitude to work and interrogate various other application systems;
• Understanding and knowledge of Internal Financial Reporting Standards;
• Understanding and knowledge of International Standards of Auditing;
• Understanding and knowledge of Internal Audit Standards;
• Detailed understanding key operational and financial controls; and
• Ability to perform business process reengineering.
Experience
• Exposure to and experience in a variety of business types/ sectors, such as services, manufacturing, industrial etc.
• Exposure to different aspects of the business environment – risk, control and improvement focus;
Education or qualifications
• Newly qualified and registered CA(SA)
The candidate needs to have a drivers license, and own reliable transport in the form of a vehicle to enable the candidate to travel to and from audit locations.
Salary - R60kpm plus bonus and fuel card
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