Job Description

The Senior Internal Auditor is accountable to the Chief Audit Executive for the provision of specialist audit, risk and compliance support, technical input and advice to ensure the successful delivery of corporate compliance and risk management services to CEF Group. This includes a range of audit, risk and compliance activities including internal audit, risk management, internal control systems and processes and business continuity management.

REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE

• Min of 9 yearsxe2x80x99 experience in Auditing of 3 xe2x80x93 5 years must in management
• Matric (NQF Level 4) and bachelorxe2x80x99s degree in Auditing or Accounting and/ or equivalent at NQF level
• Member of the Institute of Internal Auditors (IIA)
• Honours Degree (NQF Level 8) in the relevant field or Certified Internal Auditor as an added advantage

DESIRED ADDITIONAL SKILLS/ COMPETENCIES

• Knowledge of auditing policies, processes and frameworks
• Reporting skills
• Time management skills
• Communication skills
• Ethical
• Objective
• Judgment
• Excellent Attention to Detail
• Excellent Technical Expertise
• Excellent Communication - Verbal & Written
• Customer Orientation /Focus
• Excellent analytical skills
• Strong Initiative

KEY PERFORMANCE INDICATORS

• Participate in the preparation of the annual Internal Audit Plan
• Prepare individual audit plans on receipt of audit allocations from the Chief Internal Auditor
• Draft audit objectives, scope, background, and period of execution
• Enlist Junior Internal Auditors to assist in the execution of the audit.
• Prepare planning memorandum.
• Communicate in advance to management that the audit will be taking place and participate in meetings with management to outline the scope of the audit.
• Develop an internal audit programme aligned to the scope agreed to with management.
• Plan audits in compliance with the Institute of Internal Auditors (IIA) standards
• Prepare audit working papers based on audit programme.
• Request information from management to execute the audit.
• Gather appropriate evidence to substantiate audit findings.
• Draft audit findings and submit to Chief Internal Auditor for Review.
• Monitor the delivery of the audit in accordance with the time budget and communicate any audit overruns to the Chief Internal Auditor
• Engage with management throughout the audit.
• Recommend corrective action and process and internal control Improvements.
• Conduct the audit in accordance with the IIA standards and Internal Audit Plan
• Exercise a significant level of responsibility for the provision of accurate, professional and timely audit related services within CEF Group, including internal audit, risk and compliance management, internal control frameworks, systems and processes and business continuity management.
• Provide expert advice, support and recommendations to management and staff on arrange of complex internal audit, compliance, audit and risk management matters, in accordance with established government policies and procedures, legislative requirements and professional standards.
• Significantly contribute to the establishment, delivery and maintenance of an efficient and effective risk management and compliance framework and related policies, practices and processes consistent with government legislation, regulations and relevant professional standards.
• Undertake complex project work including initiating, planning, implementation and evaluation of internal audit, compliance and risk management functions and processes to improve their efficiency.
• Contribute to the achievement of CEF Group objectives, goals and priorities, through the application of specialist compliance related knowledge, expertise, and experience.
• Liaise and consult with internal and external parties to contribute to the on-going development and improvement of corporate compliance and risk management services.
• Prepare reports to document audit findings and submit to the Chief Internal Auditor for approval.
• Provide feedback to process owners on outcome of audit.
• Input into monthly and quarterly audit reporting
• Allocate workload to the Junior Internal Auditors in the execution of audits.
• Mentor and coach Junior Internal Auditors on audit processes and methodologies
• Monitor work carried out by the Junior Internal Auditors and take corrective action when necessary.
• Monitor compliance to IIA standards.
• Coordinate with external auditor regarding annual financial audit and controls testing support.
• Any prior experience in internal or external audit (AGSA), quality assurance and process improvement.
• Prepare quality reports that clearly highlight internal control weaknesses and risks, as well as areas of strength, identified.
• Meet at least annually with head of divisions to understand concerns, identify potential focus areas for internal audit plan.
• Build relationships with business stakeholders through, business understanding and development of specific audit objectives for each assignment on the audit plans.
• Build and maintain relationships with external audit providers through quarterly meetings or as required.
• Prepare detailed flow charts of systems and business processes.

CLOSING DATE: 20 October 2023

Central Energy Fund