• Full Time
  • KENYA
  • Posted 2 weeks ago

Takaful Insurance of Africa Ltd

Job Summary

To oversee the Internal Audit Function in the Company.

Key Tasks, Duties and Responsibilities 

  • Ensure detailed audit programmes, based on the documented procedures and best practices, are developed, for each identified audit project, giving special attention to potential risk areas;
  • Prepare reports for management and the Audit and Risk Committee clearly describing the key findings and practical recommendations for improvements;
  • Coordinate the implementation of internal audit strategies, policies and procedures;
  • Facilitate regional and branch audits to ensure operations are in line with the company policies;
  • Verify documentation and review of existing accounting, administrative and internal control systems and make the appropriate recommendations for improvement. This covers the entire company operations and calls for thorough understanding of all operations;
  • Formulate and implement Internal Audit policies and operations manuals;
  • Ensure detailed audit tests are performed on all the company’s operations based on Standard audit programmes in accordance with the approved annual audit plan. This includes recommendations to improve efficiency. The job holder may change the scope of the audit if actual circumstances in the field so demand;
  • Maintain adequate and properly documented audits performed and evidence in the Internal Audit systems;
  • Assess the Audited department’s primary operational and financial risks and develop strategies to manage these areas;
  • Work with the different stakeholders and provide feedback to staff on performance of each audit assignment;
  • Develop and implement the performance management plan and cycle for team members as provisioned by HR;
  • Schedule and assign work to the audit team estimating resource needs;
  • Verify compliance with all the relevant legislation and regulatory requirement. This calls for regular updates with all the relevant legislation and statutory requirements affecting the company;
  • Attend and participate in the Management meetings to enhance understanding of the company’s operations; and
  • Deliver on performance requirements as defined in the departments’ strategy.

Education and Professional Qualifications

  • Bachelor degree in Accounting, Finance or a related field;
  • CPA (K) or ACCA is mandatory;
  • CIA, CISA or equivalent;
  • Membership of the Institute of Internal Auditors is an added advantage;
  • Member of the Institute of Certified Public Accountants, Kenya;
  • MBA in Finance, Accounting or other related area.

Experience & Key Competencies

  • At least six years’ experience in internal auditing preferably in the financial services sector;
  • Comprehensive and current knowledge of legislation applicable to the insurance field;
  • Good understanding of accounting principles and financial statements;
  • Advanced computer skills in MS Office, accounting software and databases;
  • Ability to manipulate large amounts of data and to compile detailed reports;
  • Proven knowledge of auditing standards and procedures, laws, rules and regulations;
  • High attention to detail and excellent analytical skills;
  • Good interpersonal skills with a proven ability to communicate effectively (both written and verbal) with all levels within the organization;
  • Unquestioned personal integrity with strong ethics and values consistent with TIA’s culture;
  • Ability to stand firm on difficult issues when required;
  • Strong analytical capability;
  • Highly capable of working independently and with minimum supervision;
  • Logical approach to identifying and evaluating issues and problem solving;
  • Well-developed organizational skills with the ability to prioritize multiple assignments;
  • Displays awareness of the need for confidentially in sensitive matters;
  • Demonstrated job commitment and personal flexibility to meet changing expectations;
  • Commitment to self-development and expansion of knowledge.

To apply for this job email your details to info@hcbskenya.com

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