senior auditor

Job description:

Senior Auditor

Internal Audit

1. JOB PURPOSE

To assist the Principal Auditor in conducting and delivering internal audit services for a specific assignment. The senior auditor shall under the guidance of the Manager IA , carry out parts of the overall audit while ensuring that professional standards are met, areas of non-compliance are identified and addressed to mitigate the risk

1. KEY ACCOUNTABILITIES

Policies, Processes & Procedures

Implements approved departmental policies, processes and procedures to ensure that work is carried out in accordance with the professional standards issued by The Institute of Internal Auditors. 

Day-to-Day Operations

Implements the day-to-day operations assigned for the Internal Audit function to ensure compliance with the established standards and procedures and EGA audit methodology

Risk Assessment and Audit Plans

Participates in the risk assessments carried out by the Senior Manager/Manager for the assigned area of responsibility.

Internal Audit Activities

Carries out parts of the overall audit including but not limited to: a) participating in determining the audit approach including risk analysis and process mapping; b) conducting the testing of internal controls; c) identify process improvements and cost reduction opportunities; and d) assess the adequacy of internal controls

Documentation

Prepares work papers to ensure that the audit objectives and the quality standards are met and working papers or audit files are maintained as per Internal Audit methodology

Corrective Actions

• Assists in developing suitable recommendations to mitigate/remediate the observations made and risks highlighted.  In particular this will include ensuring that all accepted recommendations are given clear implementation deadlines or clearly identified as not being accepted.
• Ensures that Senior Manager IA / Principal Auditor is informed in a timely manner regarding critical issues to enable quick correction and mitigation of further occurrences.
• Carries out the periodic follow-up of recommendations and report on status of implementation.

Reports

Prepares draft observations pertaining to the work assigned as per the required format for review by the audit team leader 

Management Requests and Fraud Investigation

Participate in ad-hoc reviews based on management requests and/or fraud investigations, as directed by more senior members of the Internal Audit team

Safety, Quality & Environment

Complies with all relevant safety, quality and environmental management policies, procedures and controls to ensure a healthy and safe work environment

1. AUTHORITY / DECISION MAKING

The Senior Auditor is required to interact and maintain effective working relationships with line management of the assigned area of responsibility

1. QUALIFICATIONS & SKILLS          

Minimum Qualifications:

• Bachelor’s degree in Finance / Accounting / Engineering and working towards a professional qualification from a recognised International Accounting Institutes (e.g. CPA/CIMA/CMA/CA)
• Audit related professional qualification such as CIA or CISA

Minimum Experience:

• Minimum of 3-6 years internal audit / relevant business process experience in a large manufacturing company or with the Big4 audit firms.

Skills:

• Knowledge of the manufacturing industry with particular exposure to the metal industry in general and Aluminium industry in particular.
• Intermediate knowledge of IIA Standards on Professional Practice and Code of Ethics
• Intermediate knowledge of international corporate/IT governance, risk and internal controls frameworks such as COSO, ERM, COBIT, etc.
• Good analytical and observation skills.  Knowledge of data analysis techniques and computer assisted audit tools such as ACL/IDEA would be an advantage.
• Adequate language skills (English) and effective communication skills, both written and oral.
• Must have sufficient knowledge to be able to identify red flags in the processes and be able to assess the risk of fraud stemming therefrom.
• One or more of the following:
• • Intermediate knowledge of IT processes including IT Governance, IT ISO, IT Security, etc.
  • Intermediate knowledge of the Aluminium smelting plant processes and operations including technical aspects
  • Intermediate knowledge of IFRS, finance function, accounting practices, JVs, financial analysis, etc.
  • Intermediate knowledge of processes such as HR, supply chain, marketing & sales, treasury etc