Audit Manager

The Audit Manager is responsible for assisting in overseeing and managing the Group’s Internal Audit function.

JOB SUMMARY

The Internal Audit Manager is responsible for assisting in overseeing and managing the Group’s Internal Audit function. This individual plays a crucial role in ensuring the effectiveness of the internal control framework and risk management of entities within the Group. 

Co-ordinates and conducts risk assessments to identify key areas of risk within the Group to aid in the development of a comprehensive risk-based audit plan. Leads audit teams in conducting financial, operational, strategic and compliance audits across various organizations, reviewing documentation and analyzing data to assess control effectiveness.  

Identify opportunities to enhance the Internal Audit function, including process improvements, technology adoption, and methodology updates. 

KEY FUNCTIONS

• Develop, execute and co-ordinate the annual risks assessment process which guides the risk-based Audit Plan.
• Develop risk-based audit plans to address identified risks and ensure alignment with organizational objectives.
• Schedules audits in accordance with Approved Internal Audit Plan.
• Evaluate business processes and internal controls to identify opportunities for improvement.
• Prepare and communicate Audit Engagement letters, Risk and Control Matrices and List of requirements with CFOs for all in-scope audits per Annual Audit Plan.
• Lead and coordinate all audit engagements, including scoping, resource allocation, and scheduling.
• Conduct detailed reviews of audit work performed by all Senior and Semi-Senior Internal auditors.
• Review audit findings, conclusions, and recommendations within draft reports, discuss with senior management and finalize.
• Collaborate with management to address audit recommendations and monitor the implementation of corrective actions.
• Develop and roll-out audit programs for new auditable areas.
• Recruit, train, and mentor a team of internal auditors to ensure their professional development and performance.
• Assist in the performance appraisals of audit staff.
• Provide ongoing feedback and coaching to enhance the skills and capabilities of audit staff.
• Perform analytical reviews and trend analysis over client data.
• Monitor changes in the business environment and regulatory landscape to assess their impact on risk exposure.
• Ensure compliance with relevant laws, regulations, and industry standards by conducting compliance audits.
• Foster a culture of excellence, integrity, and continuous improvement within the Internal Audit function.
• Build and maintain effective relationships with key stakeholders, including senior management, the audit committee, and external auditors.
• Assist in the preparation of quarterly audit reports to the Audit Committee. 
• Conduct investigative audits in relation to fraud, theft and inefficiencies within the companies.
• Attend stock counts.
• Perform any other duties as required in relation to internal audit.

QUALIFICATIONS & EXPERIENCE

• ACCA Professional Qualification or CIA Designation.
• Minimum of 3 years’ experience in internal audit at a managerial level. 

COMPETENCIES

• Ability to work independently, with limited direction and guidance.
• Strong understanding of internal control frameworks, risk management principles, and regulatory requirements.
• Excellent analytical, problem-solving, and critical thinking skills, with a keen attention to detail.
• Effective communication and interpersonal skills, with the ability to interact confidently with individuals at all levels of the organization.
• Leadership qualities, including the ability to motivate and inspire team members, foster collaboration, and drive results.
• Proficiency in audit tools and technologies, as well as Microsoft Office Suite (Word, Excel, PowerPoint, etc.).
• Commitment to professional development and staying abreast of emerging trends and best practices in internal auditing and related fields.
• Excellent presentation and report writing skills.
• Supervisory, interpersonal, team and relationship building skills.
• Ability to multitask, meet deadlines and adapt to changes quickly.
• Demonstrate, integrity, values, principles and work ethics.
• Have sound knowledge of accounting principles and practices and current developments in IFRS standards.