Job Vacancy For Head of Audit

• Manage and ensure proper functioning of the internal audit department
• Liaise with external auditors to coordinate audit functions
• Provide reasonable assurance on audit engagements to Senior management and the Board of Directors
• Provide useful advice on adequacy and effectiveness on the company's internal control, risk management practices and the governance systems
• Direct the planning of audit engagements are completed on schedule
• Ensure that reports on internal auditing engagements are provided to the audit committee with minimum delay on quarterly and annual basis
• Through annual reporting, provide a holistic opinion on the effectiveness and adequacy of risk management, control and governance process to the Board of Directors
• Conduct an annual risk assessment of the company
• Annually establish a Risk-based audit plan to set out the priorities of the internal audit function, consistent with the organisational objectives
• Ascertain the extent to which he company complies with precribed plans, policies, procedures and all regulatory requirements
• Assign duties and monitor activities of team members in order to achieve set targets
• Annually assess the performance of internal audit staff
• Identify learning and development needs of internal audit staff and recommend training and/or other interventions for them
• Undertake any other duties as may be assigned by the CEO or the Board of Directors

• Minimum qualification of a First Degree, preferably in Accounting
• Chartered Accountant / Certified Internal Auditor
• Plus a minimum of 7 years experience, 5 of which should be in the insurance industry

• Good knowledge in Auditing Practices (Both internal and or external)
• Good understanding of the internal audit standards and ability to apply the standards to daily auditing functions
• Skills in analysing and interpreting financial information
• Good knowledge of insurance law and other relevant laws

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