Internal Auditor

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 process.
• Prepare the Audit Planning Memorandum for the audit.
• Assist management identifying potential risks.
• Prepare the audit program based on the outcome of the preliminary survey.
• 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.
• 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 assts 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.
• 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.
• Indentifying 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 neccessary 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 inqueries and requests for information from both internal and external stakeholders.

Qualifications

• Bachelor's Degree/ Advanced Diploma in Auditing related qualification. 
• Registered with the Institute of Internal Auditors
• CIA will be an added advantage.

Experience

• Relevant 4 years' experience in an Auditing environemt.
• Experience in an auditing/ advisory firm with similar size to RAF will be advantageous.

Technical and Behavioural Competencies Required

• Planning, Organising and Coordinating
• Personal Mastery
• Judgement and decision making
• Ethics and Values
• Client Service Orientation
• Analytical skills
• Project management and organisational skills
• Communication skills (written and verbal)
• Microsoft office suit
• Report writing and presentation skills
• International Standards for the Professional Practice of Internal Auditing
• Corporate Governance, Risk management and KingIII
• Coso framework
• Risk Enterprise Framework
• Principles relating to PFMA, RAF Amendment Act 

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."