Waica Re vacancy announcement: Group head, Internal audit

Waica Re vacancy announcement: Group head, Internal audit

Waica Re announces a vacancy in the position of head, internal audit to be based in any of our countries of operation.

Job purpose:

The Head, Internal Audit Role is responsible for the Group’s strategic risk-based internal audit plan and managing the internal audit function in accordance with the Group’s internal audit charter and the professional standards for internal auditing promulgated by the Institute of Internal Auditors.

The work will include managing audits including evaluating internal controls, performing, and documenting audit test work, communicating audit issues to management, writing audit reports, identifying and evaluating emerging areas of organizational risk for the Group.

The Head, Internal Audit reports functionally to the Group Board, Risk Management, Audit and Internal Compliance Committee and administratively to the Group Chief Operating Officer

Job duties and responsibilities:

Strategic:

• Develops the Group Strategic Plan for the Audit Function to improve financial and operational management of the business.
• Contributes to the formulation and implementation of Group strategy.
• Implement the approved strategy through utilization of internal approved policies and procedures and various regulatory frameworks in countries of operation.
• Research on new ideas and approaches and modern business practices for the Audit function for recommendation to Group Chief Operating Officer.
• Drafts and analyses relevant reports for the Group and Subsidiaries to enable sound decision making

Operational:

• Developing the Audit Plan in line with the Audit Policies, including programs and procedures to evaluate the effectiveness and adequacy of the Group’s internal control environment.
• Planning, organizing, managing, and controlling the day-to-day internal audit activities to ensure that all audit work is performed independently with due diligence and in accordance with the timeliness.
• Collaborating with External auditors to ensure the effectiveness of service delivery and the appropriate resolution of findings/issues identified.
• Carrying out quality assessment and quality control checks on daily operational activities.
• Preparing internal audit reports for distribution to the Board and regulatory authorities.
• Making presentations to the Board on internal audit findings
• Collaborating with Department Heads to resolve audit exceptions.
• Monitoring the evaluation of compliance to statutory and regulatory requirements.
• Developing the organizational competence framework for the audit function to integrate better practices in the workflow processes, measurement, technologies, and resource deployment.
• Developing and undertaking periodic reviews of the Internal Audit Manual.

Candidate Profile:

Qualifications:

• Have a first degree in Accounting/Finance or Equivalent
• Professional membership CA, ACCA or equivalent
• A Master’s degree in Business Administration (MBA) or equivalent is an added advantage

Experience:

Candidates should have at least 10 years post qualification experience with at least 5 years in a Managerial role in the Audit Function

Competencies:

• A strategic thinker, solution-oriented and resilient individual who will drive through and implement the audit plan with flexibility
• Effective communicator with the ability to persuade and influence
• Highly motivated individual, with the ability to work under pressure
• Must have cross cultural and cross functional skills and must be a team player.

Application Procedure:

Interested Candidates for this role shall be required send an Application letter and a CV to info [at] waicare [dot] com

Closing date for the application: 08 November 2021