Internal Audit Supervisor

**JOB SPECIFICATION - INTERNAL AUDIT SUPERVISOR**

**1.** **PURPOSE OF THE JOB**

To assist in risk based internal audit reviews, enabling the department to deliver on the internal audit plan and provide the Audit Committee with independent assurance on the management of risks within the Group.

Assist in the full audit cycle including:

- Perform assurance and consulting reviews.
- Adherence to the Internal Audit methodology and the International Standards for the Professional Practice of Internal Audit.
- Managing the performance of the audit team, including in-depth review of the audit team’s audit work and findings.
- Responsible for audit execution, from planning to report finalisation.
- Audit planning in terms of assignment objectives, scope of work and budgets.
- Performing risk and control assessments.
- Developing and review of audit procedures to test adequacy and effectiveness of controls.
- Prepare audit findings with thorough root cause analysis and practical recommendations.
- Compile the draft audit report and engage in discussions with various levels of management which will support the achievement of the Group’s and our business partners strategic and financial objectives.
- Follow up on audit issues raised and provide input into the reports to the audit committee and other relevant risk committees.
- Maintain quality standards in terms of the audit methodology, approach, and documentation.
- Implementation and improvement of general quality assurance on all audit work.
- Supporting and mentoring junior auditors.
- Building relations with partners.
- Supporting a combined assurance model (includes working with external auditors and other assurance providers).

**2.** **MINIMUM REQUIREMENTS FOR THE POSITION**
- A Senior Certificate/Grade 12
- B. Com Internal Audit / B. Compt / BTech Internal Auditing
- Specialization in risk management, insurance and accounting is a preferred
- Must have completed CIA /Studying towards CIA.
- Member of the Institute of Internal Auditors
- Minimum 5 years’ Internal Audit Experience (with 2 years Supervisory Experience)
- RE5 (advantageous)
- IT experience (advantageous).

**3. COMPETENCIES**
- IFRS
- Accounting/Auditing Software System
- Computer literacy (MS Office Packages and Excel)
- Cycles (Revenue, Payroll, Procurement, etc.)
- Generic legislation
- Corporate Governance
- IIA Standards,
- Best practice
- Internal Control and Risk Management frameworks.

**4. CONTENT OF THE JOB**

Planning Audits:

- Draft and discuss audit engagement letters with clients
- Conduct a preliminary survey of engagements and discuss the audit processes with both clients and the Head of Internal Audit
- Evaluate the adequacy and effectiveness and efficiency of key internal controls and operating processes on a continuous basis

Execution of Audits:

- Design an audit program to test the controls
- Agree the tests to be performed with the Head of Internal Audit
- Perform audits in accordance with IIA standards and other legislation relevant to the mandate of the Internal Audit Department

Reporting:

- Prepare and communicate final draft written reports, expressing opinions on the adequacy and effectiveness of the system of internal controls and efficiency with the activities carried out
- Draft final reports for management comments and action plans,
- Submit final draft reports to the Head of Internal Audit for review
- Discuss the final draft audit report with the senior management relevant to the audit work completed

Follow up:

- Conduct a follow-up of previous internal audit recommendations and action plans as committed to by senior management
- Prepare a final draft follow-up report for final review and signature of the Head of Internal Audit Workerslife is an authorised Financial Services Provider in terms of the FAIS Act.

Maintain Client Relationships and Communication:

- Excellent communication skills, both written and oral are essential to convey the important information in a clear, concise, and effective manner to individuals or groups
- Conduct and facilitate meetings and sessions required for audit purposes.
- Must have proven leadership skills.
- Supervise and coordinate staffing issues to ensure resources are effectively and efficiently employed to maximise performance output.

**Job Type**: Permanent

Ability to commute/relocate:

- Gauteng, Gauteng: Reliably commute or planning to relocate before starting work (required)