Manager: Audit and Loss Control

The Manager: Audit and Loss Control is accountable to the Unit Head: Compliance and Controls and shall be thoroughly familiar with the format and working of the PFMA and all prescripts
- MANDATE
- The Manager - Audit and Loss Control is mandated by the Head of Compliance of the Coega Development Corporation to take responsibility for Audit and Loss Control objectives of Compliance Management as guided by Provincial and National Treasury guidelines applicable to the organisation, under the overall direction of the Unit Head Compliance and Controls.
- DESCRIPTION
- ** RESPONSIBILITIES AND OBLIGATIONS**

The Manager: Audit and Loss Control is responsible for assisting in developing the compliance strategy, conducting risk assessments, reviewing procurement submissions, providing assurance for compliance, ensuring organisation-wide compliance, facilitating compliance training, and handling non-fraud related investigations (the loss control function). Further enhance the organisations adherence to legal requirements and maintain operational efficiency

**Loss Control Function**:
The Manager: Audit and Loss Control carries out the duties attached to loss control in terms of the PFMA which will include, amongst others the following:
- Obtaining all details and statements regarding claims and losses and entering the same in loss register.
- Following up and settling such cases.
- Preparation of reporting formats for all cases to the Auditor-General
- Liaise as far as possible with the Internal Audit
- Assessment, Determination and Management of Irregular Expenditure and Fruitless and Wasteful Expenditure Processes and
- Ensure loss control awareness campaigns are conducted in the organisation.

**Risk Assurance**:

- Assessing the risks to the compliance universe
- Assessing the controls
- Manage the compliance risks

**External Audit**
- Facilitate and coordinate the External Audits
- Develop the Audit Improvement Strategy and Reporting Plan
- Implement and Monitor the Audit Improvement Strategy and Reporting Plan.
- Consider areas of improvements required on policies and procedures regarding audit findings on internal controls, compliance and efficiency.
- Co-ordinate the process for improvement of the internal control dashboard.
- Deliver adequate and timely reporting on the Audit Readiness framework
- Actively engage with internal and external auditors to ensure consideration and resolution of relevant audit risks and audit findings

**Compliance and Regulations**:

- Ensuring holistic compliance activities adhere to company policies, industry regulations, and legal requirements including:

- Maintain a compliance universe
- Assess organisational compliance
- Communicate compliance requirements and ensure adherence
- Develop a training plan
- Facilitate compliance training
- Report on Compliance

**Continuous Improvement**:

- Identifying opportunities for process improvements within the compliance function. Staying up-to-date with advancements in compliance technologies and practices to enhance efficiency.

**COMPETENCIES AND REQUIREMENTS**
- Bachelor’s Degree / BTech Financial Management, Audit or Accounting or equivalent;
- Minimum 3 years corporate governance and compliance experience, at least 2 of which is at a supervisor level;
- Experience with the Auditor General South Africa and completed auditing articles will be an added advantage;
- Familiar with a variety of the field's concepts, practices, and procedures pertaining Compliance;
- Working experience of PFMA and National Treasury Regulations and related prescripts;
- Sound knowledge of Companies Act and other prescripts pertaining to the CDC;
- Strong communication skills;
- Logical and precise;
- Valid Code B Drivers’ License;
- Good working knowledge of Microsoft Word, Excel and PowerPoint.

**PERFORMANCE INDICATORS**

Performance is monitored regularly by reference to Key Performance Indicators and Balanced Scorecard.

**Closing date: 27 February 2025**

**CDC is an employment equity employer and placement will be in accordance with our Employment Equity Plan.**

LOCATION: Gqeberha - Head Office

EMPLOYMENT TYPE: PERMANENT
- GRADE: C5