Head, Internal Control and Risk Management at WTS Energy

JOB PURPOSE

• To carry out an independent appraisal of the effectiveness of the policies, procedures and standards by which the company’s financial, physical, human and information resources are managed
• To ensure strict adherence to internal and external policies, controls and procedures and maintenance of quality service delivery.

PRINCIPAL ACCOUNTABILITIES

Audits

• Establish risk-based audits within all operational activities of the organization, advise on internal control and participate in enhancing internal audit standards and practices.
• Design and implement and continuously review audit schedule and procedures. Continually communicate key organizational controls, policies, approval limits within the company.
• Document audit evidence (on fraudulent activities) arising from audit and provide internal audit recommendations to the CEO for review and approval.
• Conduct thorough and objective examination of financial transactions records. Review monthly reconciliation of all GL accounts by Finance department. Periodically review fund management / cash flow and investment appraisals of the company's resources.
• Conduct periodic internal audit of each department.
• Prepare and present audit reports identifying weaknesses and suggesting new procedure, controls, and policies, of departments, unit and processes in the group.
• Serve as liaison with external auditors (and relevant regulatory bodies) during external audits to meet their requirements and to resolve any issues identified.
• Follow up on findings and recommendations made in the external auditor's reports to determine if management has responded accordingly.

Financial Risk Management

• Identify key risks to business objectives.
• Develop risk management strategies to mitigate identified risks.
• Review and appraise the soundness, effectiveness, and proper application of accounting and financial controls, compliance procedures and controls and timeliness of documentation generation.
• Act as a facilitator in business risk management and carrying out reviews, thereby assisting management in the effective discharge of their responsibilities.
• Review monthly variance computation and variance analysis as presented by HOD
• Finance, and report accordingly to the CEO.
• Periodic review of compliance to relevant regulatory authorities.
• Review tax management and compliance.

REQUISITE QUALIFICATION AND EXPERIENCE

• A Bachelor's degree in accounting. Qualification in ACA, ACCA will be an added advantage.
• Must have at least 15 years’ work experience in a similar function. Must have at least 8 years'
• experience in a management role.

KEY COMPETENCE & BEHAVIOURAL EXPECTATIONS

• Business and commercial knowledge
• Relationship management- excellent communications skill (written and oral)
• Problem solving and analytical skills
• Elevated level of integrity
• Financial Accounting
• Risk Management
• Budgeting
• Process Knowledge, Management and Application
• Good grasp of accounting standards/conventions; forensic/investigative accounting
• Exceptional knowledge of internal audit procedures
• Excellent communication skills (written and oral)
• Knowledge of relevant legislation