Internal Auditor

 Job Description of Internal Auditor

Position

Internal Auditor

Department

Audit Department

Reports to

Functional Reporting: BOG Finance Committee

Day-to-day reporting: ED or his/her nominee

Reportees/Supervision

2.0    POSITION OBJECTIVES

Examining financial records, internal controls and information storage systems; evaluating effectiveness of management operations and procedures; evaluating institution’s records to ensure compliance with MPs and standard operating procedures; and reviewing records related to operational, personnel, and organizational cost, taxes and expenditures to ensure the organization has a solid financial foundation.

Add value by acting as a facilitator in business risk management and carrying out value for money reviews, thereby assisting the management in the effective discharge of their responsibilities.

3.0    JOB RESPONSIBILITIES, DUTIES AND TASKS

3.1    Core Responsibilities & Duties               

1. To work with management to ensure a system is in place which ensures that all major risks of the organization are identified and analyzed. This would entail checking institution’s financial commitments (personnel, program and organizational costs) against project/institutional budget as per MPs. 
2. To plan, organize and carry out the internal audit function including the preparation of a pre annual audit plan; seek responses from relevant units on audit observations if any and on the basis of it prepare comprehensive recommendations for the management.
3. To assist management in external audit and brief it on areas of concern
4. To make recommendations on the systems and procedures being reviewed, report on the findings and recommendations and monitor management's response and implementation
5. To review and report on the accuracy, timeliness and relevance of the financial and other information prepared for management
6. Analyze operational and management processes and system controls’ effectiveness and efficiency in view to improve internal controls and propose value-added recommendations. 
7. Identify control and processes weaknesses, document main control points and provide evidential support for report recommendations
8. Perform other job related tasks assigned by the Executive Director or his/her nominee.

 3.2    Occasional Significant Duties    

Conduct any ad-hoc audit or financial investigation assignments given by Executive Director or Board of Governors.

4.0    JOB SPECIFICATION (MINIMUM JOB REQUIREMENTS)

Education

MBA/ACCA/CA and ACMA Preferable CIA

Total Work Experience (In Yrs)

5-8 years experience preferable Articles completed

Sector Experience (In Yrs)

3 years

Skills

• Strong analytical and problem-solving skills
• Effective written and verbal communication and interpersonal skills
• Ability to adapt to change quickly, organizational and multi-tasking skills
• Sound judgment and proficiency in technology tools and systems
• Excellent computer skills
• Detail-oriented, observant and has the ability to deal with sensitive issues and information
• Ability to work and deliver with minimum supervision

 5.0    DECISION-MAKING & AUTHORITY

Significant Decision Making

6.0    PERFORMANCE INDICATORS

1. Number of major process improvements implemented as a result of audits

2. % of planned audit reviews completed in the financial year

1. Extent of reliance External audit can place on Internal Audit

4. Number of audit assignments completed