Internal Auditor

The Road Accident Fund’s mission is to provide appropriate cover to all road users within the borders of South Africa; to rehabilitate and compensate persons injured as a result of motor vehicle accidents in a timely and caring manner; and to actively promote safe use of our roads.

Purpose of the Job: Reporting to the Manager: Internal Auditor, the successful incumbent is accountable to conduct audits per the audit plan.

Key Performance Areas

Plan Audits

• Prepare the notification letter to be sent to the client in accordance with the approved annual audit plan.
• Conduct preliminary survey to gain an understanding of the business processes.
• Prepare the Audit Planning Memorandum for the audit.
• Assist management identifying potential risks.
• Develop processes flows from policies and procedure manuals of business unit.
• Prepare the audit program based on the outcome of the preliminary survey.
• Timely submission of planning documents to Audit Manager for review.
• Conduct introductory meetings with client management (auditee) to discuss the area to be audited, which will inform the outcome of audit objectives.
• Perform risk assessment and identify inappropriate and inadequate controls and recommend improvements in procedures and practices.
• Prepare audit file and cross-reference all working papers to audit evidence in accordance with the Quality Assurance standards.
• Taking inputs from Seniors or Supervisors and appropriately and accurately applying comments and/or feedback.
• Prepare Quality audit file that comply with the IIA standards and Audit department methodology.
• Provide assurance and recommend controls in accordance with the relevant laws and regulations and National Treasury frameworks.

Conduct Audits

• Conduct audits as per the audit program and provide reasonable assurance regarding the following:

• Appraise progressively the soundness, adequacy and application of the internal control systems.
• Ascertain that the system of internal control promotes the efficient and effective use of resources.
• Ascertain that the system of internal control operates to ensure that the assets of the Fund are properly controlled and safeguarded from losses arising from fraud, irregularity or corruption.

• Discuss findings with auditee during the course of the audit to ensure the accuracy of the findings. 
• Submit audit working papers to Senior Auditor within set timelines for review and address review notes.
• Conduct follow-up on the previous audit findings, recommendations and action plans and submit report to senior auditor.

Reporting

• Submit audit findings to Senior Auditor/Supervisor within set timelines.
• Draft audit findings substantiated by valid audit evidence, identify root causes and provide practical recommendations.
• Attend to Audit Manager’s review notes.
• Conduct exit meetings with auditee and prepare minutes of meetings.
• Identifying and reporting on standard criteria, making reference to applicable Acts, regulations and policies that might have been contravened.
• Aid in the development of functional reporting systems, for management, project or performance reporting.
• Report regularly and periodically perform necessary submissions as and when required to provide progress updates and/or inform management decisions.

Stakeholder Management

• Aid in proactive and progressive relationships with key stakeholders.
• Deal with inquiries and requests for information from both internal and external stakeholders.
• Aid in the maintenance of relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.

Qualifications and Experience

• Bachelor’s Degree/ Advanced Diploma in Auditing related qualification.
• Registered with the Institute of Internal Auditors.
• CIA will be an added advantage.
• Relevant 4 years’ experience in an Auditing environment.
• Experience in an auditing/advisory firm with similar size to RAF will be advantageous.

NB: “RAF offers Total Employment Cost packages with no additional contributions from the Employer, successful candidates are required to structure their packages in a manner that will suit their needs”.

The Road Accident Fund subscribes to the principles of employment equity and preference will be given to People with Disabilities.

Applicants who have not received any correspondence from us within six weeks from the closing date can consider themselves unsuccessful

Security Vetting shall be conducted on all prospective employees

It is the applicants’ responsibility to have foreign qualification evaluated by the South African Qualification Authority (SAQA) and to provide proof of such evaluation.