Wednesday, 15 May 2013

Kenafric Audit Jobs

Audit Jobs In Kenya
Position  : Senior Internal Auditor


Kenafric Industries Limited
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

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