Internal Auditor Jubilee Health Insurance Company

Jubilee Health Insurance Company of Uganda Limited (JHICU) wishes to recruit young, competent, energetic, flexible and committed person to fill the following position in the Company.

Job Title: Internal Auditor
No Of Persons Required: 01
Reporting Line: Board Audit Committee with Administrative, Accountability to the Chief Executive Officer.
Duty Station: Head Office

Role Purpose
To provide independent, objective assurance and consultancy services to the Company in order to improve its overall operations, with specific emphasis on the effectiveness of audit management, control and corporate governance processes to drive profitable growth.

Key Deliverables
• Develop the annual audit work plan that reflects the Company’s highest risks that will be monitored by the audit function as determined by conducting a mandatory annual risk assessment using an enterprise wide approach
• Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations
• Obtain, analyze and evaluate accounting documentation, previous reports, data, flowcharts etc.
• Report to the Board on a regular basis on the progress of implementation, and advise the Board and senior management in establishing methods to improve efficiency and quality of services, and to reduce the vulnerability to fraud
• Periodically revise the annual work plan in light of changes in the needs of the Company, and in the law and policies and procedures of government and regulators
• Coordinate internal auditing activities and plans with other internal and external providers of assurance and consulting activities to ensure proper coverage and minimize duplication of effort
• Prepare and present reports that reflect audit’s results and document process
• Act as an objective source of independent advice to ensure validity, legality and goal achievement
• Identify loopholes and recommend risk aversion measures and cost savings
• Maintain open communication with management and audit committee
• Document process and prepare audit findings memorandum
• Conduct follow up audits to monitor management’s interventions
• Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards
• Act as Secretary of the Audit & Risk Committee of the Board and take minutes of all Committee meetings
• Review the implementation of Board Audit and Risk recommendations and report back to the Board; and
• Practice and promote a culture of high quality standards, integrity and ethics across the Company.
• Any other duties that may be assigned by the Line Manager/ supervisor from time to time.

Key Competencies
• Entrepreneur Spirit
• Market Awareness
• Customer Focus
• Continuous Innovation
• Ownership & Commitment
• Team Spirit

Qualifications
• Bachelor’s degree in a business-related course gained from a recognized institution.
• A Post Graduate Qualification in a business-related field will be an added advantage.
• Possess relevant professional qualification(s) such as CPA or ACCA.
• Be a member in good standing of a recognized professional body e.g. ICPAU,ACCA.
• A certificate in Corporate Governance will be an added advantage

Relevant Experience
• A minimum of 3 years’ relevant experience.
• Have thorough understanding of financial management, regulatory compliance, board reporting, as well as demonstrable commercial and investment acumen.
• Demonstrate leadership, commercial and financial analysis and reporting skills.
• Possess strong organizational and stakeholder management skills and ability to grasp business risks and make sound decisions.
• Understanding of Medical Insurance operations in Uganda.