Internal Auditor

Internal Auditor

OCTOBER/2024

 JOB POSTING

INTERNAL AUDITOR

The Caribbean Maritime University (CMU), the only specialized maritime university in the English-speaking Caribbean is inviting applications for the post of INTERNAL AUDITOR (LEVEL 6).

SUMMARY

The incumbent is responsible for examination of transactions at all levels and assistance in determining compliance with the provision of relevant laws, regulations, policies and rules on internal controls.

PRIMARY RESPONSBILITIES

1.  Conducts operational and financial audits and special assignments to assess the adequacy, efficiency, effectiveness in       achieving desired objectives and compliance with relevant laws, regulations etc.  This involves:

• determining the audit approach;
• developing audit programme; and
• developing and applying internal auditing procedures and techniques.

    2.  Conducts special audits and special assignments;

    3. Reviews and reports on such matters as breakdown of internal controls.  This  involves:

• investigates reported deficiencies in internal controls in the accounting operations of the University;
• investigates cases of reported irregularities;
• conducts simple checks on deposit and investment accounts to ensure that lodgments and disbursements are conducted in accordance with the regulation;
• verifies bank statements to ensure that lodgments are made to the appropriate accounts;
• verifies leave records to ensure correct calculation;
• verifies retroactive salary and allowances for employees to ensure accuracy of calculation;
• reviews employee personal file and payroll records upon resignation;
• reviews employee personal file and payroll records for pre-retirement /retirement purposes and for processing of pension benefits.
• verifies contribution into family benefits scheme for employees requesting refund;
• ensures that working papers are properly prepared, compiled, referenced and submitted for review.
• clears any queries on the working papers prepared.
• consolidates overall audit findings and assist in preparing final reports.

 4. Assists with planning the scope of assigned segments of the audit to evaluate the information needed to meet the            audit objectives

 5.    Assists in determining the records or activities to analyze the extent of the tests to apply and the working papers            prepare to obtain sufficient evidential and pertinent data;

 6.    Reviews transactions, documents, records and methods of accuracy, effectiveness and conformity to written                    procedures;

 7.    Reviews the means of safeguarding assets to verify their existence;

 8.    Recommends the means of obtaining, analyzing and evaluating evidentiary data;

 9.    Performs any other related duties that may be assigned by the Head Internal Auditor and Audit Committee from              time to time.

 REQUIRED KNOWLEDGE & EXPERIENCE

• BSc. in Accounting or Management Studies (with Auditing courses) and currently pursuing ACCA level II or ACCA  level III or equivalent qualifications
• Five (5) years related working experience in accounting or operational auditing

 REQUIRED COMPETENCIES

• Comprehensive knowledge of the relevant laws, the Financial Administration and Audit Act and the tax administration’s rules and regulations governing financial transactions;
• Thorough understanding of the principles and application of good corporate governance, business and operational risks and control processes and procedures;
• Comprehensive knowledge of current auditing principles, standards, techniques and software.  For example, Sampling techniques, CAATs, VFM/Operational auditing, Risk assessments;
• Comprehensive knowledge of international financial reporting standards and how they affect auditing procedures;
• Comprehensive knowledge of internal auditing procedures, including risk driven planning techniques and sampling methods involved in conducting audits, and the applicable International Auditing Standards;
• Sound knowledge of Central Government policy and procedures governing benefits, for example, acting allowances, study leave policy on traveling claims etc.
• Comprehensive knowledge of accounting principles and standards;
• Working knowledge of the operations of educational institutions;
• Sound knowledge of Staff Order, Public Service Regulations, Human Resource Policies;
• Working knowledge of computerized accounting, auditing, records keeping and financial management information systems and relevant computer applications;
• Sound knowledge of relevant computer systems and applications.