Internal Audit Jobs in Kenya


Kenafric Industries Limited

Position: Senior Internal Auditor
 
Department : Audit
Reporting To:  Group Chief Operating Officer

Purpose of the Position

The Group Internal Auditor will be expected to provide independent, objective internal audit and consulting services to the company in order to achieve the company's financial operational marketing and control goals of market share, PBT and Accounting/governance best practice.

The Group Internal Auditor is expected to develop, review and appraise the soundness, adequacy and application of Accounting/operating systems, controls and structures in achieving of business objectives.

To ascertain and ensure that company assets are accounted for and safeguarded from losses and risks of all kinds.

To ensure that there is complete compliance with established policies, laws, procedures and standards e.g. Generally Accepted Accounting Standards/IFRS, Company's Act, Income Tax Act, local authority etc

To ascertain the reliability/correctness of Management Information and data developed within the companies.

Key Outputs
  • Conduct quality assurance audit reviews of the soundness/accuracy of accounting transactions, book-keeping, MIS records and report of findings.
  • Establish and maintain the organization's framework of internal controls, including coordination.
  • Appraise the adequacy of financial/operating financial controls, procedures and policies to achieve business objectives.
  • Develop systems, processes and controls that optimize the achievement of business goals and objectives.
  • Develop flowcharts for all operations and financial systems to achieve optimum efficiency.
  • Ascertain that all operational risks are adequately managed by conducting risk surveys and reporting on the same including RACE exercises.
  • Carry out forensic audits of ICT systems and institute control/compliance measures as necessary.
Role specifications
  • Possess an Accounting or finance degree
  • CPA(K) or ACCA
  • Certified Information Systems Auditor (CISA)
  • A member of the applicable professional body
  • 5 years experience at Audit Senior or above.
  • Conversant with Key Financial Management and risk management systems such as, SAGE Pastel, V10, RACE, e-procurement, MRP etc.
Send applications to: recruit@kenafricind.com

Position: Internal Auditor
 
Department: Audit
Reporting To: Group Head Of Human Resources

Nature and Scope Of The Position

The position holder will review the various operations of the departments both in life and general business to ensure compliance with the set controls, report any short falls and give recommendations to the audit committee. 

For day to day operations, the internal auditor will report to the Managing Director.

Principal Accountabilities

Internal Controls
  • Carry out periodic and continuous internal audit exercises on all functions and assets of the organization to minimise the risk of loss
  • Continuously evaluate internal control systems in line with changing demands and ensure that the systems are appropriately designed to serve the best interest of the organization at all times
  • Ensure that operations in various departments are conducted in compliance with laid down policy, procedure, work instructions and statutory regulations
  • Evaluate audit findings, draw comparisons and analytical reviews and advise the audit committee on continuous improvement measures
Risk Management
  • Identify and profile various risks inherent in specific audit assignments, discuss them with the audit committee and jointly agree on actions to be implemented for risk mitigation
  • Analyse the issues identified during audits, to so as to point out the risks they pose on the company
  • Understand the company’s strategy and business objectives so as to focus Audit’s work on the highest risks
  • Develop knowledge of specific business, industry, technical and environmental risks so as to draw sound recommendations
  • Continuously review operating policies, procedures and work instructions and make recommendations to the audit committee on the necessary improvements
  • Evaluate, and examine policies and procedures and systems that are in place so as to protect assets of the company
Reporting Responsibilities
  • Regularly report to the Board audit committee on activities, issues and related recommendations
  • Review any other reports the company issues that relate to committee responsibilities
  • Review reports from Accounts, Underwriting, Life and Pension and Claims departments
  • Special assignments from the MD’s office and audit committee
Information
  • A number of reports are necessary for the effective delivery of this role:-
  • Annual audit report from all the departments to indicate the level of compliance
  • Evaluate the financial statements on the company’s performance
  • Monthly management reports to assist in implementation of controls
  • Cross-Functional Teams, Your Purpose and Role
The internal auditor will work closely with;
  • All senior managers in all the departments
  • Work with the risk manager to identify weak links in the system
  • Audit committee
  • All staff to query various procedures and control measures
External Relations

This position will liaise with;
  • Office of the commissioner of insurance in ensuring compliance with the set regulations
  • External auditors for objective audit of the organization
  • Insurance Regulatory Authority (IRA)
Key Competences

Analyzing     
  • Analyze numerical data, verbal data and all other sources of information
  • Break information into component parts, patterns and relationships
  • Probe for further information or greater understanding of a problem
  • Make rational judgments from the available information and analysis
  • Produce workable solutions to a range of problems
  • Demonstrate an understanding of how one issue may be a part of a much larger system
Applying Expertise & Technology     
  • Apply specialist and detailed technical expertise
  • Develop job knowledge and expertise through continual professional development
  • Share expertise and knowledge with others
  • Use technology to achieve job objectives
  • Demonstrate appropriate physical co-ordination and endurance, manual skill, spatial awareness and dexterity
  • Demonstrate an understanding of different organizational departments and functions
Writing & Reporting     
  • Write clearly, succinctly and correctly
  • Write convincingly in an engaging and expressive manner
  • Avoid the unnecessary use of jargon or complicated language
  • Write in a well-structured and logical way
  • Structure information to meet the needs and understanding of the intended audience
Planning & Organising     
  • Set clearly defined objectives
  • Plan activities and project well in advance and take account of possible changing circumstances
  • Manage time effectively
  • Identify and organize resources needed to accomplish tasks
  • Monitor performance against deadlines and milestones
  • Consistently achieve project goals
Education and Experience

For acceptable performance the position requires;
  • B.Com Degree with Accounting or Finance option
  • CPA (K) or equivalent
  • At least 5 years experience in a similar function
Knowledge            
  • Good knowledge of industry program policies, procedures, regulations, and laws
  • Good knowledge of and skill in applying internal auditing principles and practices
  • Good knowledge of the standards for the professional practice of internal auditing and the code of ethics developed by the Institute of Internal Auditors (IIA)
Send applications to: recruit@kenafricind.com