Deputy Manager -Internal Audit at Kenindia Assurance Company Limited

 Job Purpose 

The Deputy Internal Audit Manager plays a crucial role in assisting the Internal Audit Manager in overseeing the internal audit function within the organization.This position requires a combination of strong auditing skills, leadership capabilities, and the ability to collaborate effectively with various departments. The Deputy Internal Audit Manager will be responsible for assisting in planning, executing, and reporting on audit activities to ensure compliance with company policies, procedures, and regulatory requirements.

Main Responsibilities 
Assist in Audit Planning

• Collaborate with the Internal Audit Manager to develop an annual audit plan based on risk assessment and business priorities.
• Contribute to identifying focal audit areas, setting objectives, and delineating the scope of individual audits.

Execution of Audits

• Lead and participate in audit engagements, meticulously conducting interviews, scrutinizing documentation, and executing testing procedures.
• Evaluate the sufficiency and efficacy of internal controls, risk management protocols, and adherence to policies and regulations.
• Review audit work papers, documentation, and reports prepared by assistants to ensure accuracy, completeness, and compliance with established standards.
• Document audit findings comprehensively, delineating issues, underlying causes, and recommendations concisely in audit reports.
• Monitor the implementation of corrective actions resulting from audit findings to ensure timely resolution.

Team Leadership and Development

• Provide guidance and support to audit team members throughout the audit process.
• Conduct performance appraisal of audit team members
• Foster a collaborative and constructive work environment that encourages knowledge sharing and professional development.

Stakeholder Communication

• Communicate audit results, recommendations, and status updates to management and relevant stakeholders in a clear and timely manner.
• Serve as a trusted advisor to management on internal control matters and best practices.
• Build and maintain effective relationships with key stakeholders, including department heads, to facilitate the audit process 

Continuous Improvement

• Stay abreast of industry developments, emerging risks, and regulatory changes that may impact the organization
• Identify opportunities to enhance audit methodologies, tools, and processes to improve efficiency and effectiveness.
•  Participate in special projects, initiatives and investigations related to governance, risk management, and internal controls as assigned.

Academic Qualifications:

• Bachelor's degree in accounting, finance, business administration, or related field

Professional Qualifications / Membership to professional bodies

• Certified Public Accountant (CPA K) 
• Certified Internal Auditor (CIA) 

Relevant work experience required.

• A minimum of seven (8) years’ relevant work experience out of which a minimum of 3 years must have been at supervisory level. Insurance Industry experience will be an added advantage

Functional Skills, Behavioral Competencies/Attributes

• Strong understanding of internal control concepts,  audit techniques and working knowledge of Internal Auditing Standards
• Proficiency in conducting data analysis using tools such as Microsoft Excel, ACL, or similar software.
• Excellent analytical skills, attention to detail, and ability to draw meaningful insights from complex information.
• Excellent Interpersonal and Communication Skills
• Ability to work independently and collaboratively in a fast-paced environment, managing multiple priorities and deadlines effectively.
• Financial management skills
• Leadership skills