Academic Qualifications:
- Bachelor's degree in accounting, finance, business administration, or related field
Professional Qualifications / Membership to professional bodies
- Certified Public Accountant (CPA K)
- Certified Internal Auditor (CIA) will be an added advantage
Relevant work experience required.
- Minimum of 5 years of experience in internal audit or external audit. Insurance Industry experience will be an added advantage
Audit Planning and Preparation
- Collaborate with the Deputy Manager, Internal Audit to develop risk-based audit plans aligned with organizational objectives
- Conduct preliminary research and analysis to understand the audit area, including relevant policies, procedures, regulations, and industry standards.
- Prepare audit programs and testing procedures to evaluate the design and operating effectiveness of internal controls.
Risk Assessment and Control Evaluation:
- Identify key risks inherent in the audit ares and assess the adequacy of existing controls to mitigate these risks.
- Evaluate the design and implementation of internal controls, assessing their effectiveness in preventing or detecting errors, fraud, or non-compliance.
- Document findings and discrepancies, clearly articulating the impact and significance of identified issues.
Fieldwork and Data Analysis:
- Execute audit procedures, including interviews, observations, and examination of documentation and data.
- Perform detailed testing of controls to assess compliance with policies, accuracy of financial information, and effectiveness of operational processes.
- Analyze quantitative and qualitative data to identify trends, anomalies, and areas of potential risk or improvement.
- Maintain accurate and detailed work papers.
Reporting and Communication
- Prepare clear, concise, and well-supported audit reports summarizing findings, conclusions, and recommendations for improvement.
- Present audit results to management and key stakeholders, facilitating discussions on remediation plans and corrective actions.
- Follow up on audit findings and recommendations to ensure timely resolution and implementation of corrective measures.
Compliance and Governance Support
- Stay informed about relevant laws, regulations, and industry standards to ensure audit activities remain compliant and aligned with best practices.
- Provide guidance and support to business units on compliance matters, promoting a culture of ethics, integrity, and accountability.
- Participate in special projects, initiatives and investigations related to governance, risk management, and internal controls as assigned.
