Apr 18, 2019

Senior Manager Internal Audit

  • FINCORP
Full time Management

Job Description

Eswatini Development Finance Corporation (FINCORP) Group is a reputable Development Finance Institution offering a diverse range of selected financial products at grassroots level. FINCORP Group comprises of two other subsidiaries namely First Finance and Finsure Insurance Brokers. We present a career development opportunity for interested professionals to be part of this growing entity.

Purpose of the Job 

The incumbent will report to the Group Managing Director and the Risk, Finance and Audit Committee Chairman. Mainly responsible for annual audit planning; providing assurance on controls; enforcing adherence to policies and procedures throughout the company and its subsidiaries. The incumbent is expected to add value by helping the organisation accomplish its objectives through a systematic, disciplined approach in evaluating and causing improvement and effectiveness of internal controls and governance processes.

Key Duties & Responsibilities 

Audit Planning

  • Develop and administer an annual internal audit plan in line with the Company’s Risk Management framework and present to the Risk, Finance & Audit Committee for their approval.

Evaluating adequacy of internal controls and compliance to controls, policies and procedures

  • Plan and oversee audits of operations’ general controls to assess adequacy of controls and compliance with all the controls, policies and procedures.
  • Develop and maintain Internal Audit Procedures to ensure best practice and that the audits address specific areas of risk management.
  • Perform tests to assess the adequacy of controls and also evaluate significance of audit findings.
  • Respond to ad hoc requests to address control issues on new business processes, policies and procedures, and provide consultative services to management.

Reporting

  • Report findings to the Risk, Finance and Audit Committee highlighting any areas of concern and the resultant action plan.
  • Contribute to continuous improvement of the company’s internal control systems, policies and procedures and recommend changes as necessary.

Conducting Follow-Up Audits

  • Follow up of all audit issues raised by internal and external audit
  • Agree action plan necessary to implement the audit recommendations with the relevant departments.

Qualifications

Bachelor of Commerce Degree in Accounting or equivalent qualification obtained from a reputable tertiary institution and must have successfully completed articles. Should be a member of the Institute of Internal Auditors. A Certified Internal Auditor designation will be an added advantage. At least 5 years’ experience in a leadership role within an internal audit environment.

Key Competences (Skills)

  • Strategic thinking ability.
  • Report writing skills.
  • High level of integrity
  • Innovative thinker
  • Analytical skills.
  • High level of interpersonal skills.

Key Performance Areas (KPAs)

  • Formulation of effective annual audit plans.
  • Evaluating adequacy of internal controls and to controls, policies and procedures
  • Compile Risk, Finance and Audit Committee Reports
  • Provide leadership to Internal Audit Team.

Remuneration 

The company will offer remuneration commensurate to the position.

Deadline

Applications should be sent only by email to mailto:recruitment@fincorp.co.sz marked “Application: Senior Manager Internal Audit” addressed to The Group Managing Director, FINCORP, P.O. Box 6099, Mbabane not later than 14 May 2019.


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