Manager Internal Audit Insurance Training College (ITC)

Job Title Manager Internal Audit
REPORTS TO Head of Internal Audit
Supervises Audit Assistant
Location Head Office, Kampala

Description
Job Purpose Objectively review Insurance Training College’s business processes to ensure adequacy and effectiveness of Governance, risk management and internal controls.

Major Duties & Responsibilities
Annual Planning
• Participate in the development of the Internal Audit annual plan and take charge of its implementation to add value to the business Performing
• Prepare/review engagement plans including working papers to ensure conformity to international standards for the professional practice of internal audit
• Monitor progress of audits, identify and take appropriate corrective action to ensure quality audit processes in line with IIA standards and ensure timely completion of assignments.
Reporting
• Review and ensure quality draft audit reports are submitted to the Head of Internal Audit
• Participate in the compilation of Board reports
Monitoring
• Coordinate the follow up of reported internal audit findings to ensure their resolution

Quality Assurance
• Maintain a comprehensive system for recording all audit plans, work papers, findings, reports, and follow-up audits
• Keep abreast and research the latest trends and issues in the industry as well as in auditing and financial reporting standards Special Audit Investigations and other consulting assignments
• Participate in carrying out special internal audit investigations and other consulting assignments on request by the Board and or Senior management
Co-ordination
• Provide support to External Auditors by walking them through the various processes in the college and sharing our reports to assist them in their audit work, inform their understanding of the organization and its control environment and help identify and assess the risks of material misstatement.
Management of the internal audit function
• Assist the Head of Internal Audit in planning resource allocation and utilization of audit resources.
• Develop and maintain professional relationships with staff, Management, and other key stakeholders.

Other duties
• Supports the Head of Internal Audit with other Internal Audit duties as may be required from time to time.

Minimum Qualifications:
i. Bachelor’s degree in Accounting or Finance from a recognised institution.
(i) Full professional qualification in ACCA, CPA, CIA or any other relevant Courses
ii. Postgraduate studies in Business Administration, Finance, Accounting or Auditing from a recognised institution is a requirement.

Minimum Experience:
• At least five years of relevant working experience in a reputable organization, of which 2 must have been at senior management|

Competencies And Knowledge:
Abilities
• Applies a thorough understanding of governance, risk and control appropriate to the organization.
Business Acumen: maintain broad knowledge of-the business environment and industry practices
• Ability to apply best practice in internal auditing, including a thorough understanding of systematic risk-based auditing.
• Substantial knowledge of corporate governance frameworks
• Excellent numerical skills
Behavioral
• Professional ethics: promotes and applies professional ethics
• Ability to work effectively under pressure managing conflicting priorities and demands on time to meet challenging deadlines
• Critical thinking skills
• Excellent communication skills.
• Ability to consistently deliver high quality, accurate and reliable work.
• Interviewing skills: ask questions in ways that enhance the clarity, quality and reliability of information.
• Decision making skills; makes timely, informed decisions that take into account the facts, goals, constraints and risks
• Ability to apply sound judgment, think creatively and find effective solutions to complex problems.