Chief Internal Auditor at University of Eldoret

ADVERT NO.: UOE/IA/CIA/02/2024

Terms of Service: Five (5) year contract renewable once subject to satisfactory performance

Remuneration: Basic Salary Scale: KSh.248,898.00 x 8,547.00 - KSh.257,445.00 x

KSh.8,547.00 - KSh.265,993.00 x KSh.8,547.00 - Ksh.274,540.00 x

KSh.8,547.00 - Ksh.283,087.00 x KSh.8,547.00; and House Allowance of Ksh.73,715.00.

Job Purpose:

Provide continued assurance on the effectiveness of the university's system of internal controls and coordinate the process of risk identification, evaluation and mitigation to guard the university's resources to achieve its overall goals and objectives.

Duties and Responsibilities

• Coordinate preparation, approval by the Audit Committee and implementation of annual audit plans.
• Ensure proper interpretation of financial policies for sound auditing practices and control,
• Responsible for coordination of the Audit department's activities, including staff training and development.
• Liaising with external auditors and ensuring implementation of their recommendations.
• Developing and updating the Internal Audit and Audit Committee Charters and ensuring they are duly approved.
• Review the effectiveness of the risk management system and strategies, and make appropriate recommendations.
• Review: the adequacy of internal policies, procedures and processes to ensure necessary and sufficient internal controls are in place.
• Make recommendations on the systems and procedures being reviewed, report on the findings and recommendations and monitor management's response and implementation.
• Implement the annual audit plan and present a report to the Council Audit Committee quarterly.
• Ensure compliance with sound internal audit principles, relevant statutes, government policies and best practices.
• Staff management including ensuring target setting, performance evaluation, mentoring, training and development of staff in the department.
• Carry out special assignments including investigations and recommend controls to mitigate risks.
• Designing and coordinating the execution of an annual audit plan in compliance with conventional audit guidelines and best practices,
• Maintain Audit working files to ensure working papers are complete and available audit evidence fully supports audit opinions and recommendations.
• Receive and review external auditor's reports and management responses thereto including the actions taken to address material issues raised.
• Review the University’s operations on various compliance with the relevant statutes, policies, rules, regulations, administrative government circulars and guidelines.
• Ensure proper preparation of audit reports, presentation of the same to the Audit & Compliance Committee every quarter and implementation of audit recommendations.
• Providing secretariat services to the Audit, Risk and Management Committee of Council.

Requirements for Appointment (Qualifications, Skills and Experience)

For appointment to this position the ideal candidate MUST have: -

• Bachelor’s Degree in Commerce and a Master's Degree (Accounting/ Finance) or equivalent from a recognised institution.
• CPA(K) or its equivalent
• At least ten (10) years of working experience as an Internal Auditor, five (5) of which must have been in a senior management position
• ICPAK Membership or its equivalent
• Knowledge of Computerized Information Systems Audit (CISA)
• Must be computer literate
• Exemplary work performance
• Must have undergone leadership training lasting not less than six (6) weeks from a recognized institution;