Closing: Apr 9, 2024
This position has expiredPublished: Mar 28, 2024 (31 days ago)
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Job Summary
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The internal audit function is aimed at providing independent oversight on the quality of financial and operational functions of the project. The internal auditor will work across all implementing agencies operational and financial processes and identify weaknesses and suggest improvements. The Internal Auditor is responsible for giving assurance to the Project Steering committee and PSFU Board on the arrangements for risk management, control and governance, system integrity, compliance and value for money. He or she will also continuously review and assess processes, controls and practices, as well as related procedures according to annual audit plans and report on the effectiveness of these arrangements.
Requirements
- A Master’s degree in Accounting and or Finance from a recognized Institution.
- A bachelor’s degree in Accounting and or Finance from a recognized institution
- Full professional qualifications of CPA or ACCA are a must.
- Membership of the ICPAU.
- Should have Eight (8) years of extensive and demonstrated public sector and internal audit experience out of which 5 years at a senior level in the public sector or large, busy business environment.
- Computer literate and familiar with various software including accounting packages. The candidate will be tested for computer skills and knowledge.
- Working knowledge in donor-funded projects and Government financial systems (IFMS)
- Proficiency in internal auditing in a manual and computerized environment;
- Working knowledge on implementation of the International Standards for the Professional Practice of Internal Auditing
- Evaluating/assessing Internal controls
- Value for money auditing
- Conducting risk assessments including fraud vulnerability;
- Knowledge of GoU laws and regulations for financial management
- Strong analytical and strategic skills
- Excellent planning and organizational skills
- Excellent interpersonal skills
- Excellent communication skills, both oral and written
- Works under minimum supervision
- High level of honesty, integrity, and versatility.
Responsibilities
The internal audit function is aimed at providing independent oversight on the quality of financial and operational functions of the project. The internal auditor will work across all implementing agencies operational and financial processes and identify weaknesses and suggest improvements. The Internal Auditor is responsible for giving assurance to the Project Steering committee and PSFU Board on the arrangements for risk management, control and governance, system integrity, compliance and value for money. He or she will also continuously review and assess processes, controls and practices, as well as related procedures according to annual audit plans and report on the effectiveness of these arrangements.
Requirements
- A Master’s degree in Accounting and or Finance from a recognized Institution.
- A bachelor’s degree in Accounting and or Finance from a recognized institution
- Full professional qualifications of CPA or ACCA are a must.
- Membership of the ICPAU.
- Should have Eight (8) years of extensive and demonstrated public sector and internal audit experience out of which 5 years at a senior level in the public sector or large, busy business environment.
- Computer literate and familiar with various software including accounting packages. The candidate will be tested for computer skills and knowledge.
- Working knowledge in donor-funded projects and Government financial systems (IFMS)
- Proficiency in internal auditing in a manual and computerized environment;
- Working knowledge on implementation of the International Standards for the Professional Practice of Internal Auditing
- Evaluating/assessing Internal controls
- Value for money auditing
- Conducting risk assessments including fraud vulnerability;
- Knowledge of GoU laws and regulations for financial management
- Strong analytical and strategic skills
- Excellent planning and organizational skills
- Excellent interpersonal skills
- Excellent communication skills, both oral and written
- Works under minimum supervision
- High level of honesty, integrity, and versatility.
- Provide reliable, valued assurance to the PSC and PSFU Board over the effectiveness of controls, mitigating current and evolving high risks.
- Carry out risk based audits ensuring that project policies and procedures, appropriate laws and good business practices are followed.
- Manage delivery of the audit plan and ensure that audit assignments are undertaken in accordance with relevant policies, procedures and quality standards;
- Responsible and accountable for the quality of the audit work performed and the efficiency and effectiveness of the audit team;
- Support management in identifying resolutions for control issues identified;
- Support management in preparing a risk assessment and management plan related to the activities of the project, and develops risk avoidance and mitigation strategies.
- Develop and implement robust and efficient programs of procedural, technical and financial audit of the fund`s activities, based on the assessment of risks, to ensure ways in which to improve efficiency, economy, transparency and completeness in the financial and operational processes and the best use of available project resources, minimizing wastage and corruption involving the project resources to enhance INVITEs objectives are achieved.
- Report to the PSC and PSFU Board on the results of audit program periodically (and immediately in the case of serious and auditable audit findings) highlighting variances and trends of performance.
- Contribute to monthly, quarterly and annual reporting of the INVITE.
- Lead initiatives to enhance the controls culture within INVITE.
- Liaise with external auditors and act on recommendations to improve management control.
- Review and investigate integrity breaches by staff and work with the Executive Director to resolve matters.
- Carry out such other functions and duties that are delegated to the position from time to time.
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