Position Title: Director, Internal Audit
Job Grade: 2
Ref: EHC/1710/2022
Kenya
Our Client, The Institute of Certified Public Accountants of Kenya (ICPAK) is the professional organization for Certified Public Accountants in Kenya established in 1978 and draws its mandate from the Accountants Act No. 15 of 2008.
Since then, ICPAK has been dedicated to development and regulation of the accountancy profession in Kenya to enhance its contribution and that of its members to national economic growth and development.
In its endeavor on institutional strengthening, ICPAK is seeking to recruit dynamic, self-driven and results oriented individual to fit in a team that will propel it to a World Class Professional Accountancy Institute.
Terms of Service: The successful candidate will be appointed for a four (4) year term and will be eligible for renewal of term upon successful performance appraisal in line with the Institute’s HR Policy. A competitive remuneration package will be offered in line with the terms of service for ICPAK Staff.
Job Profile: Reporting to the Council and dotted line to the Chief Executive Officer, the job holder is responsible for the provision of leadership, implementation of strategies, policies, and procedures in the Internal Audit role of the Institute.
He/She is responsible for providing independent, objective assurance and consulting activities which are ultimately designed to add value and improve the Institute’s operations.
He/ she will head the Internal Audit Department and shall provide internal audit services conducted to all Departments / units of ICPAK
Specific Duties and Responsibilities:
- Develop, maintain and coordinate implementation of the internal audit policies, procedures, tools and systems of the Institute;
- Lead Internal Audit’s initiative by implementing action plans related to risk assessment and annual planning, audit execution, audit reporting, staff recruiting and development, audit technology, and Audit Committee reporting.
- Lead Internal Audit’s annual risk assessment and enterprise risk assessment and planning process to develop the audit plan and ensure the plan is responsive to and aligned with the risk profile of the Institute.
- Oversee the execution of individual audits defined in the audit plan ensuring the highest level of service quality and client satisfaction
- Reviewing, evaluating, and reporting on adequacy of laid down policies, procedure and controls to improve and add value to the operations of the Institute
- Establishing and maintaining policies, standards and guidelines specific to the effective discharge of roles and responsibilities of the internal audit function
- Assessing risks to the Institute through using Risk Assessment Matrix with a focus on threats to existing operations and Institute’s investment programmes ultimately designed to add value and improve the Institute’s preparedness and continuity.
- Evaluating and advising the Management and the Council on the adequacy of internal controls and procedures in place;
- Performing reviews of information systems installations and services to determine the adequacy of logical and physical security controls, operational change control, back up and disaster continuity management ultimately designed to add value and improve the Institute’s preparedness and continuity;
- Coordinate and ensure that Enterprise Risk Management Programmes at the Institute are undertaken, monitor and report on the total level of risk exposure.
- Conducting and supporting financial, operational, and investigative audits
- Monitoring to ensure all recommendations by the external auditors and regulators are implemented
- Conduct planned and regular audits of the various departments and activities to evaluate adequacy of compliance with and effectiveness of existing systems and report audit findings in an objective accurate manner ultimately designed to add value and improve the Institute’s operations.
- Ensuring that the processes needed for the management system are established, implemented, and maintained and follow-up of outstanding audit recommendations.
- Ensure that Internal Audit is performing its work in accordance with established professional standards and remain abreast of emerging trends and best practices that can be incorporated into the function.
- Oversee Internal Audit’s participation in critical business and technology initiatives and projects ensuring that audit’s perspective is effectively voiced, and appropriate controls are designed and implemented on a proactive basis.
- Maintain audit technology platform leveraging support from the information systems group as needed.
- Coordinate the activities of external auditors including how best to leverage the work performed and results produced from Internal Audit’s work
- Liaison with external parties on matters relating to the internal audit management system
Person Specifications:
- For appointment to the position, a person must possess the following qualifications:
- Be a citizen of Kenya;
- Meet the requirements of Chapter Six of the Constitution;
- Bachelor’s degree in Accounting & Finance or other closely related field;
- Certified Internal Audit (CIA) or Certified Public Accountant (CPA) required;
- Membership in good standing from relevant Professional Bodies;
- Minimum relevant work experience of ten (10) years, five (5) of which should have been at the level of a Senior Manager or a comparable position in a reputable organization in audit, ten (10) or more years’ experience in auditing or accounting;
- Must be in possession of a Master’s degree in any of the following disciplines: Accounting, Finance, Economics, Audit, Business Administration, or an equivalent qualification from a recognized institution;
- Must demonstrate experience of supervising multiple streams of work and a department, team or unit of not less than 5 staff;
- Previous work in the internal audit and risk service line of an Audit/Consulting Firm will be an added advantage
- Thorough knowledge of all the subsets of the profession including pertinent emerging issues within the profession and other related areas;
- Knowledge and demonstrable experience on key integrity and governance issues affecting the nation;
- Leadership, Governance or Management Training lasting not less than six (6) weeks from a recognized institution attained within the last two (2) years
Key Attributes
The following key attributes will be required for the position of Director- Internal Audit;
- Knowledge of Generally Accepted Auditing Standards;
- Knowledge of Accounting and Finance Principles and Practices;
- Knowledge of a variety of reporting procedures, regulations and law;
- Planning and Time Management;
- Effective Communication and Human Relations skills;
- Critical Thinking and Analysis;
- Tenacity and Ethics;
- Technology Proficient (excel, word, Visio, ability to learn new software)
- Be of high moral character, integrity and impartiality;
- Proven high degree of professional competence, communication skills, fairness and good temperament;
- Possess excellent leadership skills;
- Be a visionary, transformative and results oriented leader;
- Ability to work under pressure;
- Strategic thinker;
- Ability to effectively multitask and handle multiple concurrent assignments and teams;
- Effective delegation skills;
- Be self-driven, a team-player and mentor/ coach;
- Ability to motivate teams to perform and deliver excellent results;
- Possession of stakeholder and relationship management skills; and
- Ability to cultivate partnerships and
Successful Candidates will be required to satisfy the requirements of Chapter six (6) of the Constitution of Kenya 2010 on successful recruitment which will include:
- Certificate of good Conduct from the Directorate of Criminal Investigations (CID)
- Valid Tax Compliance Certificate from the Kenya revenue Authority (KRA)
- Clearance Certificate from the Higher Education Loans Board (HELB)
- Clearance for the Ethics and Anti-Corruption Commission (EACC)
- Clearance from the Credit Reference Bureau (CRB)
How to Apply:
Interested candidates should email their application letter accompanied with a detailed CV in PDF format clearly indicating their current and expected salary to the following email address:
recruitment@eaglehr.co.ke
Applications should be received on or before close of business on Friday 22nd July 2022
ICPAK is an equal opportunity employer and qualified applicants from all backgrounds are encouraged to apply.
Only shortlisted candidates will be contacted.