Internal Auditor at Canon

PURPOSE OF THE ROLE

Reporting to the Board Audit Actuarial Risk & Compliance Committee (AARCC) and operationally to the Chief Executive Officer, the Internal Auditor will perform and control the full internal audit cycle and control management over operations’ effectiveness, financial reliability and compliance with all applicable policies, directives and regulations.

PRIMARY DUTIES & RESPONSIBILITIES

1. STRATEGY AND PLANNING
   1. Develop, implement and maintain internal audit policies and procedures in accordance with local and international best practice.
   2. Develop and plan organisation-wide audit programs and testing procedures relevant to risk and audit objectives.
   3. Undertaking planned annual internal audits and co-ordinating the work of the external auditors.
2. OPERATIONS
   1. Act as an objective source of independent advice to ensure validity and legality of business processes and practices.
   2. In consultation with the AARCC and Management, develop the annual internal audit workplan, and obtain requisite approvals.
   3. Ensure successful completion of assigned/planned audit engagements and risk assessments, from start to finish, inclusive of preplanning and wrap up activities.
   4. Obtain, analyze and evaluate accounting and operations documentation, previous reports, data, flowcharts etc. for accuracy and compliance with internal policies, legal and other regulations.
   5. Identify internal controls issues for key risk processes in a timely manner to proactively avert losses.
   6. Discuss audit findings and recommendations with relevant management, departmental heads, external auditors and members of the AARCC.
   7. Identify and communicate control issues noted, offering practical solutions relevant to business and related risks.
   8. Ensuring that enterprise-wide risk management policies, controls and procedures, management systems are effectively implemented, disseminated and complied with.
   9. Managing of files and ensure proper filing of working papers.
3. MONITORING
   1. Monitor and evaluate key processes as appropriately identified in the risk assessment during assignment planning.
   2. Assess, evaluate and advise Management on how to achieve statutory/ legal compliance.
   3. Constantly monitor if the audit recommendations have been implemented and reporting on any gaps observed.
   4. Coordinate the documentation and revision of standard operating procedures with key emphasis on adequacy of controls and risk management.
   5. Carry out spot checks on keys areas such as trade debtors, physical stock etc.
   6. Conduct ad-hoc/ special investigations and reviews as requested by Management/ AARCC.
   7. Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards.
4. REPORTING
   1. Prepare and present risk and audit findings and reports that reflect results from the work conducted and document; engage in meetings with Management, departmental heads and the AARCC and advise on process gaps and needed improvements.
   2. Undertake any regulatory reporting in a timely manner.
   3. Ensure complete, accurate and timely audit and risk information is reported to Management and Audit Committees.
   4. Conduct ad hoc investigations into identified or reported risks.
5. Any other duties as may be assigned by Management and or the AARCC from time to time.

QUALIFICATION AND EXPERIEINCE

• Bachelor’s Degree in Accounting, Finance or related field. | Essential
• Certified Auditor or Internal Auditor | Essential
• Finance or accounting professional qualification | Important
• 5 - 8 years’ in risk and/or internal control of which 3 should be in a senior role | Essential

KNOWLEDGE AND ABILITY REQUIREMENTS

1. Proven working experience as Internal Auditor or Senior Auditor | Essential
2. In depth understanding of international financial standards and local Insurance practices, laws and regulatory requirements | Essential
3. Proven knowledge of auditing standards and procedures, laws, rules and regulations | Essential
4. Advanced computer skills on MS Office, accounting software and databases | Essential
5. Ability to interrogate large amounts of data and to compile detailed reports | Essential
6. Proven experience in conducting investigations including forensic investigations | Essential
7. Demonstrable in-depth understand of insurance regulatory frameworks. | Essential
8. Good communication skills at a senior level | Important
9. High attention to detail and excellent analytical skills | Essential
10. Sound independent judgement | Important