Internal Audit Manager at Rose Avenue Group

Job Description

• Our client, Imperial College of Medical and Health Sciences (ICMHS) is a registered private tertiary medical training institution based in Thika and regulated by TVETA, is looking to hire an experienced Internal Audit Manager to serve as the architect and steward of our company-wide audit and risk activities.
• As the internal audit leader and subject matter expert, you are responsible for establishing standards and implementing procedures to ensure that the organization is effective and efficient in preventing, identifying, detecting and correcting non-compliance with applicable rules and regulations. You contribute to the safeguarding of our corporate assets by ensuring that appropriate internal controls are in place and operating effectively. Furthermore, you are responsible for making sure that the policies and procedures in place are well understood and respected by all employees and that the company is complying with all regulatory requirements.
• The role is line managed by the Board Audit &Audit Risk Committee and places great importance on a responsible approach to risk presentation, management, and reporting.
• The post-holder must be able to work collaboratively with a diverse range of stakeholders, including internal teams, external partners, and senior management. You will also be expected to be highly organized, proactive, creative, work with a high degree of accuracy, and maintain confidentiality

Job Responsibilities

• Develop, Implement and monitorbest audit and business practices in line with applicable internal audit statements.
• Identify and reduce all business and financial risks through effective implementation and monitoring of controls.
• Develop, implement, and maintain internal audit policies and procedures under local and international best practices.
• Compile and implement the annual Internal Audit plan.
• Conduct ad hoc investigations into identified or reported risks.
• Oversee risk-based audits covering operational and financial processes.
• Ensure complete, accurate, and timely audit information is reported to Management and/or Risk Committees.
• Overall supervision of planned annual audits.
• Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability, and compliance with all applicable directives and regulations.
• Obtain, analyze, and evaluate accounting documentation, previous reports, data, flowcharts, etc.
• Prepare and present reports that reflect the audit’s results and document process.
• Act as an objective source of independent advice to ensure validity, legality, and goal achievement.
• Identify loopholes and recommend risk aversion measures and cost savings.
• Conduct follow-up audits to monitor management’s interventions.
• Engage in continuous knowledge development regarding the sector’s rules, regulations, best practices, tools, techniques, and performance standards.
• Ensures a company or organization complies with internal regulations and established control protocol.
• Examines documentation, including reports, statements, records, and memos to gather information.
• Reconciles documentation with actual inventory or assets to ascertain the accuracy.
• Prepares reports and preserves documentation about audits for internal record.
• Analyses audit results to determine methods for increasing profits and decreasing unnecessary costs.
• Makes recommendations for the best ways for a company to avoid fraud and reduce waste.
• Assesses best financial practices for an organization and makes relevant, informed suggestions.
• Keeps up-to-date on audit procedures and regulations by attending conferences, workshops, and continuing education seminars.

Other Requirements

• Bachelor’s degree in accounting and/or Finance (master’s degree will be an added advantage)
• Certified Internal Audit (CIA) or Certified Public Accountant (CPA K)
• Membership with the Institute of Internal Auditors (IIA) or 0Institute of Certified Public Accountants of Kenya (ICPAK) 
• Minimum 5 or more years’ experience in a busy internal audit environment, 3 years of which must be in a management role, preferably in the education industry.
• Strong knowledge of audit/risk assessment techniques and principles.
• Unquestioned personal integrity with strong ethics and values consistent with business culture
• Ability to maintain independence and demonstrate integrity, credibility, confidentiality, and responsibility in all member/client interactions.
• Effective analytical skills and critical thinking to understand processes, controls, and risks of areas covered, identify root causes of issues, and recommend practical solutions.
• Strong team player with the ability to work within diverse teams in diverse cultural environments.
• Excellent written and verbal skills with demonstrated ability to clearly articulate issues and facilitate the definition and implementation of solutions.
• Ability to speak truth to power and challenge the status quo, inquire, and understand issues quickly and constructively