Principal Internal Auditor at Konza Technopolis Development Authority

Ref No: KoTDA/HR54/2022

Grade: 4

Basic Salary Scale Ksh110,000- 200,000 p.m

Job Purpose      

The purpose of this job is to oversee execution of audits and process reviews including financial, information system, infrastructure and operational procedures, to provide independent, objective assurance and consulting audit services designed to add value and improve organizational operations and effectiveness to ensure that systems are effective and efficient in preventing fraud, losses, and safeguarding Authority assets and in driving the attainment of Authority objectives.

The job holder will be also responsible for coordinating of the development and implementation of an efficient and reliable Enterprise Risk Management (ERM) system within the Authority to facilitate achievement of organization’s strategic objectives through implementation of risk mitigation strategies.

Job Specification

Duties and Responsibilities

• Coordinates preparation internal audit policies, strategies, identify areas that offer opportunities for improvement and make appropriate recommendations to facilitate improvement of Authority’s processes.
• Coordinates the development of a comprehensive Risk-Based Internal Audit annual work plan covering the Authority’s Risk Universe including internal controls, governance processes, risk management, regulatory compliance, project implementation and reliability of financial information to facilitate the realization of Authority’s strategic objectives.
• Oversees the implementation of the annual audit plan as approved, including as appropriate any special assignments.
• Lead teams in conducting annual audits of all operations and systems and auditable areas
• Coordinates development of audit programmes and review of audit working papers to ensure they are complete and available audit evidence fully supports audit opinions and recommendations.
• Reviews responses from audit clients and compile the audit reports for all risk-based audits conducted by Internal Audit staff.
• Leads follow up on implementation of the audit recommendations to ascertain implementation of corrective actions.
• Coordinates development and implementation of risk management policies and strategies
• Coordinates the development and implementation of annual enterprise risk management review plan for continuous assessment of the Authority’s risk management practices and resulting update within the risk management guidelines.
• Coordinates preparation of the annual Quality Review Plans.
• Facilitates, leads and guides in designing risk management programs within all functional and program areas within the Authority.
• Guides teams in coordinating preparation and regular update of a consolidated Risk register.
• Coordinates preparation of reports for all risk and compliance assessments undertaken and lead discussions on the reports with risk/process owners.
• Coordinates the updating and review of the Division’s Quality Management Systems (QMS).
• Carries out annual risk assessment and prepares annual internal audit work plan and budget.
• Prepares a report on the accuracy of Financial Statements.
• Carries out special audits and investigations (ad-hoc) as may be required from time to time.
• Reviews internal audits and appraise the soundness, adequacy and application of accounting, financing, procurement and other operating controls.
• Performs operational reviews and appraise the effectiveness and efficiency in which the Authority’s resources are employed.
• Assists in providing secretarial services to the Board Audit and Risk Committee.
• Supports coordination of the annual audit cycle by reporting to the Board Audit & Risk Committee on the effectiveness of the external audit process, review audit findings, review management’s responsiveness to audit findings and recommendation.
• Establishes and quantifies the Authority’s ‘risk appetite’.
• Plans and designs an overall risk management process for the Authority
• Carries out quarterly risk assessments and monitor the implementation of Risk assessments recommendations.
• Follows up on implementation of agreed risk management mitigation measures and strategies with risk/process owners.
• Monitors, evaluates and consolidates of the Authority’s risk management register and coordinate periodic management risk meetings.
• Provides support, education and training to staff in Risk Management to build risk awareness within the Authority developing and establishing the Authority’s quality procedures, standards and specifications.

Person Specification

For appointment to this grade a candidate must have: –

• At least Eight (8) years’ work experience in civil engineering in public service or private sector, three (3) of which must be in a supervisory position.
• Master’s Degree in Business Administration or other related disciplines from a recognized institution
• Bachelor’s Degree in Commerce, Finance, Accounts, Business Administration or relevant qualifications from a recognized institution.
• CPA (K), or CIA, or Certified Chartered Accountant (ACCA), relevant qualification from a recognized institution.
• A member with the Institute of Certified Public Accountants of Kenya (ICPAK) or Institute of Internal Auditors (IIA) in good standing.
• Attended a Management course lasting not less than four (4) weeks from a recognized institution

Duty Station: Konza Technopolis