Internal Audit Analyst at Coronation Group

Responsibilities

Planning

• Participate in opening meetings with business managers to explain the scope and objectives of the audit engagement and provide an overview of all steps in the audit process.
• Develop a thorough understanding of business processes in scope for assigned audits and document the processes in flowcharts and/or process narratives.
• Identify and document inherent risks and controls within the business processes.

Audit Assignment 

• Design sampling size techniques and develop a risk-based test plan.
• Conduct audit tests and prepare working papers in accordance with professional IIA (Institute of Internal Auditors) standards and Coronation Registrars IA (Internal Audit) Methodology.
• Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives.
• Identify and document control and process weaknesses and provide evidential support for the findings.
• Propose practical and value-add recommendations to address control weaknesses and/or process inefficiencies.
• Organize and reference work papers for review by Head, Internal Audit
• Participate in close-out meetings with Unit Heads at the end of audit exercise, to provide clear explanations on audit findings.
• Conduct investigations on suspected internal and external frauds.

Reporting

• Prepare and submit report on audit findings to the Head, Internal Audit.

Other Responsibilities

• Support the Head, Internal Audit in the development and implementation of the Internal Audit methodology for Coronation Registrars.
• Contribute to the safeguarding of corporate assets and the interest of shareholders by ensuring effectiveness and efficiency of internal controls.
• Provide value-add recommendations to mitigate risk exposure.
• Develop and maintain effective and professional working relationships with members of staff.
• Provide consultative support on adequate design and execution of Enterprise Risk Management (ERM) processes.
• Represent Internal Audit Unit in adhoc committee(s) established to achieve specific task(s).

Qualifications

• Minimum of first degree in Accounting, Finance, Business Administration, Economics, or a related numerate discipline.
• A recognized professional certification in Accounting or Internal Auditing such as ACA, ACCA, CPA, CIA, CISA.
• Three (3) to five (5) years internal or external audit experience.
• Solid understanding of risk and control concepts. Ability to apply these concepts to evaluate the adequacy and effectiveness of business processes and controls to mitigate risk to tolerance levels defined by the Board of Directors.
• Knowledge of COSO (Committee of Sponsoring Organisations) Risk and Internal Control framework would be an added advantage.
• Exposure to IIA Code of Ethics and Professional Conduct.
• Good understanding of Accounting Principles and Financial Reporting
• Skills in Microsoft Office Suite - Word, Excel, and Data Analytic tools (SQL & PowerBI) will added advantage.

Skills and Attributes

• Good interpersonal skills with a proven ability to communicate effectively (both written and verbal) with all levels within and outside Coronation Registrars.
• Integrity and values consistent with Coronation Registrar’s culture
• Ability to stand firm on difficult issues when required.
• Financial reporting and analytical prowess
• Capable of working independently and with minimum supervision
• Logical approach to identifying and evaluating issues and problem solving.
• Well-developed organizational skills with the ability to multi-task and prioritize on multiple assignments.
• Display awareness of the need for confidentiality in sensitive matters
• Demonstrate job commitment and personal flexibility to meet changing expectations.
• Commitment to self-development and expansion of knowledge