Job Expired

Job Type:Permanent
Location:Luther Street, Windhoek, Khomas, Namibia
Min Edu Requirement:Honours (NQF: 8)
Category:Internal Auditing
Salary Grade:
Department:Office of the Managing Director
Section:Internal Audit
Date Posted:26/07/2023 08:10:39
Closing Date:09/08/2023 00:00:00

Job Description

The incumbent will be responsible for the execution of the Internal Audit assignments by ensuring quality working papers and timely execution of the Internal Audit Plan. He/ She will further be required to supervise the audits and ensure compliance with relevant regulatory frameworks, code of ethics, professional and operational guidelines. In addition, he/she will be responsible for training and functional advice the subordinates and manage audit relationships with line management regarding audit performance and determination of remedial actions.

Responsibilities:

Compiling and managing the Section’s budget.
Manages relations between the Internal Audit function and auditees and other stakeholders.
Evaluate the effectiveness and contribute to the improvement of risk management processes.
Review the Fraud Prevention Policy as required.
Maintain and review the Whistleblowing Policy as required.
Assist in maintaining and revision of the Internal Audit Charter.
Develop and maintain the Audit Procedures Manual of the Internal Audit Function.
Supervise the audit engagements to ensure objectives are achieved, quality is assured, and Internal Audit function staff members are developed.
In consultation with Senior Manager Internal Audit, establishes a risk-based Internal Audit Plan to determine the priorities of the Internal Audit function, consistent with the organization’s goals that acts as a catalyst for change and improvement.
Conducts audits on mission critical assignments and analysis of audit findings within Business Units and/or across the company to identify themes and issues for management to address.
Monitors and ensures regulatory compliance as well as the reporting of audit findings.
Tracks performance against the budget and ensures that the budget is not exceeded.
Monitors the implementation of the issues raised by external auditor’s findings and regulatory reviews.
Supervises audits conducted on Risk Management function to provide objective assurance to the Audit and Risk Management Committee (ARMC) on the effectiveness of Integrated Risk Management.
Evaluates the adequacy and effectiveness of controls in responding to risks within the organization’s governance, operations, and information systems
Ensures that internal audit resources are appropriate, sufficient, and effectively deployed to achieve the approved Internal Audit Plan.
Builds and maintains strong working relationships, reports & interprets critical findings to Management, Executive Management, and the Audit and Risk Management Committee.
Conducts research on new audit methodologies, procedures, and best practices for incorporation in the audit operations.
Assists in developing and maintaining the periodic quality assurance and improvement programs of the Internal Audit function.
Creates awareness regarding Fraud Policy, Whistleblowing Policy and incidents via in-house newsletter.
Engages employees proactively on issues of fraud prevention to incorporate this in the overall fraud prevention strategy of NamPower.
Assists the Senior Manager Internal Audit to report periodically to Executive Management and the Audit and Risk Management Committee of the Board on the Internal Audit function’s purpose, authority, responsibility, and performance relative to its annual plan.
Supervises, mentors, and coaches the team members to ensure consistent and high-quality performance.
Performs any other tasks as assigned when and as required.

Qualification Requirements:

Honor’s Degree in Auditing or Accounting (NQF Level 8 qualification)
Certified Internal Auditor (CIA) as a professional qualification

Experience Requirements:

At least six (6) years auditing experience of which two (2) years should have been on supervisory level.
A proven track record.
Excellent proficiency in the use of all Microsoft Office applications.
Experience in the electricity industry will be an added advantage.
SAP Knowledge will be an advantage.