Internal Audit Manager at Strathmore University

Job Summary

Responsible for managing and undertaking continuous independent audit engagements and plans and internal control reviews. This is to provide assurance that the operations of the University are carried out in line with the documented policies and procedures, comply with legal and statutory requirements, and stakeholder’s interests are secure and well safeguarded.

Duties & Responsibilities

• Compliance: Plan, direct, and monitor the auditing of Strathmore’s operations and systems to ensure compliance with University policies, procedures, and regulatory requirement
• Audit Management: Prepare and implement audit plans to ensure all risks in the auditable areas are fully addressed and periodic audits are completed within the agreed schedule as set out in the annual audit pla
• Risk Management: Review the effectiveness of the risk management processes and adequacy of the internal controls to enhance the safeguarding of University assets
• Develop appropriate risk assessment matrices to be used as a guide in identifying inherent risks and internal/management control processes in all areas
• Develop appropriate audit tests to address the identified risks
• Review and report on the implementation of management action plans to address internal control deficiencies and business risks to ensure any issues identified are addressed appropriately in a timely manner;
• Risk Evaluation: Review reports on key control weaknesses, detected non-compliance with Strathmore’s policies, guidelines, and regulatory requirements and procedures and discuss with relevant departmental heads for action
• Reporting: Submit audit reports, in consultation with the Director Internal Audit and Compliance, to the Management Board and the Audit and Compliance Committee for action
• Internal Controls: Make recommendations and contribute to the development of solutions to improve the internal control and operational environment based on the audit findings within the context of Strathmore’s policies and taking account of the overall operating environment and trends;
• People Management: Support the Director in organizing and managing the departmental team through training and development to ensure optimal productivity and high value services;

Minimum Qualifications

• Bachelor’s Degree in Finance, Accounting, or any other related field from a recognised institution
• Professional certification such as Certified Public Accountant (CPA) or Certified Internal Auditor (CIA)
• Membership to a professional body such as ICPAK or IIA

 Required Experience

• At least 7 years’ experience in Internal Auditing with at least 2 years’ experience at a supervisory level
• Proficient and knowledgeable in audit techniques, generally accepted accounting principles, and generally accepted auditing standards, including IIA

Competencies and skills

• Strong Analytical and Organizational Skills
• Ability to prioritize and manage multiple projects simultaneously
• Ability to embrace and embody continuous improvement approaches in the audit process
• Strong Communication and Interpersonal Skills
• Ability to quickly and succinctly summarize audit findings and trends
• Honesty and Integrity
• Team Leadership
• Critical Thinking Skills