Job Description
Reports to: Board Audit Committee
Job Purpose.
The job holder will be responsible for planning and implementing the internal
audit strategy that provide independent objective assurance on the
Corporation’s internal control systems and the governance structure.
Primary Responsibilities
Duties and responsibilities at this level will entail: -
1. Overall leadership of the Internal Audit Function (IAF), including
development and implementation of a proper audit strategy with optimal
utilization of resources.
2. Reporting to THE Board Audit Committee (BAC) and coordinating the
execution of the annual audit plan as well as BAC activities.
3. Coordinating the efforts of annual external financial audits with the Board,
management, appointed external auditor, and the Office of the Auditor
General (OAG).
4. Undertaking various types of audits as outlined in the board-approved
annual audit workplan i.e. compliance audits, special/forensic audits,
value-for-money audits, system audits,subsidiaries audits etc
5. Proactively assisting the board in risk identification through the audit
process as well as assessment of the internal control mechanism backed
by well-researched value adding audit recommendations.
6. Monitoring the implementation of both Internal and external audit
recommendations and reporting the same to BAC on a quarterly basis.
7. Participating in strategic activities of the Corporation whilst maintaining
adequate audit independence at personal level and of the IAF.
8. Maintaining high standards of the internal audit profession by aligning
the IAF to the provisions of IIA’s International Professional Practices
Framework (IPPF) and International Standards of Auditing (ISA).
9. Coordinate occasional independent external quality assurance (EQA) ,
implementation of the recommendations of the EQA report and
continuous upskilling of the IAF.
10. Keep BAC abreast with the most recent developments in the audit
profession and constantly update management on the evolving
compliance and business landscape.
Requirement/Person Specifications
Academic Qualifications
i. Masters in Business Administration (MBA) from a recognized institution.
ii. Bachelor’s degree from a recognized university.
Professional Qualifications
i. Certified Public Accountant (CPA(K) or equivalent qualifications from a
recognized institution. Added advantage is the possession of CIA, CISA,
CISM, CRISC
ii. Member of the Institute of Certified Public Accountants of Kenya (ICPAK),
Institute of Internal Auditors (IIA), ISACA or equivalent from a recognized
institution and in good standing.
iii. Proficiency in computer applications and -
iv. Meets the requirement of Chapter Six of the Constitution.
Experience
i. At least ten (10) years relevant work experience. Working with Big Four audit
firms and insurance industry will be an added advantage.
ii. Work experience in multinational group and system auditing will also be an
added advantage.
iii. Demonstratable team management experience and interaction with Board
of Directors.
Other Requirements
i. Possess excellent interpersonal and communication skills.
ii. Excellent planning organizing, problem solving and ability to work under
pressure to meet deadlines.
iii. Team player with excellent analytical and presentation skills.
iv. Knowledge of auditing concepts and principles.