Audit Assurance at Network Recruitment

Key Responsibilities:

Strategic Leadership:

• Develop and implement the internal audit strategy in alignment with the company's overall objectives.
• Provide strategic guidance on risk management, internal controls, and governance practices to the executive management and the Board.

Audit Planning & Execution:

• Oversee the development of an annual audit plan, ensuring it covers key risk areas in the organization.
• Lead and manage the execution of internal audits, including financial, operational, compliance, and information systems audits.
• Ensure that audit procedures are well-documented, and findings are communicated effectively to management and relevant stakeholders.

Risk Management:

• Identify and assess the key risks facing the organization, including financial, operational, and regulatory risks.
• Work closely with the Risk Management team to ensure that risk management practices are integrated into the organization's processes.

Compliance Assurance:

• Ensure compliance with local regulatory requirements, including those specific to the insurance industry in Kenya.
• Monitor changes in legislation and regulations that may affect the company and recommend actions to ensure compliance.

Reporting:

• Prepare and present comprehensive audit reports to the Audit Committee and Board of Directors, highlighting key findings, risks, and recommendations.
• Track the implementation of audit recommendations and report on progress to the relevant stakeholders.

Team Leadership & Development:

• Lead, mentor, and develop a team of internal auditors, ensuring they have the skills and knowledge necessary to perform their duties effectively.
• Foster a culture of continuous improvement and professional development within the audit team.

Stakeholder Engagement:

• Act as a liaison between the internal audit function and external auditors, regulatory bodies, and other stakeholders.
• Build and maintain strong relationships with senior management, providing advisory services on control issues.

Innovation & Continuous Improvement:

• Stay updated on best practices in internal audit and insurance industry trends.
• Introduce new audit tools, techniques, and methodologies to enhance the effectiveness and efficiency of the internal audit function.

Required Qualifications:

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• Professional certifications such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Chartered Accountant (CA) are required.
• A Master’s degree in a relevant field would be an added advantage.

Experience:

• At least 10 years of experience in internal audit, risk management, or compliance, with a significant portion of that experience in the insurance industry.
• Proven track record of leading an internal audit function at a senior level.
• In-depth knowledge of Kenyan insurance regulations and international auditing standards.