Manager, Internal Audit at Policyholders Compensation Fund

PURPOSE OF THE JOB (JOB SUMMARY)

Responsible to the Board of Trustees for Internal Audit function in the Fund. The Chief Manager will report functionally to the Board and administratively to the Managing Trustee.

2.0 DUTIES AND RESPONSIBILITIES

Specific duties and responsibilities will entail:

• Formulating and implementing of relevant policies, strategies and procedures;
• Overseeing development of work plans, procurement plans and budgets for the Department;
• Coordinating the operations of the Department;
• Developing internal audit policies and procedures;
• Assessing internal controls to mitigate business and operational risks;
• Advising management on effective controls and fraud prevention measures;
• Liaising with external auditors on the annual audits and ensuring that the audit reports are implemented;
• Designing internal audits in compliance with conventional audit Guideline and best practices;
• Providing secretarial duties to the Audit & Risk Management Committee of the Board;
• Assessing the reliability and integrity of financial and operating information and compliance with set policies;
• Reviewing all reports submitted by various sections to confirm the accuracy and correctness of figures;
• Providing advice to the Board and implementation of audit recommendations;
• Ensuring maintenance of high audit performance standards in the Fund;
• Conducting special investigations as may be required from time to time; 
• Preparing and presenting Board papers to the Board; and
• Assessing performance, mentoring and coaching of staff under the Officer’s purview.

REQUIREMENTS FOR APPOINTMENT

For appointment to this grade, an officer must have:

• Bachelor of Commerce, Business Administration, Economics, Information Technology or their equivalent from a recognized and accredited institution;
• Master’s degree in Business Administration, Commerce, Economics, Finance, Insurance, Accounting, Information Technology or a related discipline with a bias in accounting or finance from a recognized and accredited institution;
• Certified Public Accountants (CPA) (K) qualification or its equivalent;
• Membership of Institute of Certified Public Accountants (ICPAK) and Institute of Internal Audit (IIA) or Information Systems Audit & Control Association (ISACA);
• Strategic Leadership and Development Programme (SLDP) or its equivalent will be an added advantage;
• Proficient in computer applications and data mining tools;
• Demonstrated outstanding leadership capability;
• A high degree of integrity and dependability;
• Shown merit and ability as reflected in work performance and results;
• Good interpersonal relations and communication skills.
• At least eight (8) years relevant experience, five (5) of which should have been at a senior management position.

Terms of Offer:

An attractive remuneration package commensurate with the responsibilities of the position will be negotiated with the successful candidate. Successful candidates in job grades PCF2 and PCF3 will be engaged on a five (5) years contract renewable based on performance.