Internal Audit Officer at Transkredit Finance Company

Job Description

• The Internal Audit Officer will be responsible for providing assurance on the efficient implementation of the company’s policies / processes and ensure compliance to the enterprise risk management, accounting and financial controls and relevant laws, regulations, and statutes.

Responsibilities
Risk and Control Audit:

• Implement best audit and business practices in line with Statements of Auditing Standard (SAS)
• Develop, implement and maintain internal audit policies and procedures in accordance with local and international best practice
• Perform audit work, including plan preparation, work papers, finding, and associated reports; verifies the accuracy of financial records as they pertain to assets, liabilities, receipts, expenditures, and related transactions.
• Identify and assess areas of significant business risk
• Development and implement the annual Internal Audit plan
• Perform Internal Audit procedures including walk-throughs, preparation of narratives and business risk and control matrices; identify control gaps and weaknesses
• Identify and reduce all business and financial risks through effective implementation and monitoring of controls
• Oversee risk-based audits covering operational and financial processes
• Perform audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting the Enterprise processes and procedures.
• Assess the effectiveness of internal controls over key risks, identifying significant exposures, analyzing transactions and information, and detecting changes in key risks and/or control effectiveness. Develops appropriate recommendations to address exposures
• Conduct ad-hoc investigations into identified or reported risks

Documentation and Reporting:

• Examine documentation including reports, statements, records and memos to gather information
• Ensure complete, accurate and timely audit information is reported to the Board through its relevant sub-committee – The Board Audit Committee
• Reconcile documentation with assets to ascertain accuracy
• Participate in meetings with individuals and business units to update auditees on findings and the audit process
• Prepare reports and preserve documentation pertaining to audits for internal record
• Analyze audit results to determine methods for increasing profits and decreasing unnecessary costs
• Identify, research and document audit issues and recommendations for improvement using independent judgement concerning areas being reviewed.
• Investigate and report to management on cases of potential fraud, waste or abuse.
• Undertake other related roles as directed by management.

Requirements

• Candidates should possess a Bachelor's Degree qualification with 2 - 3 years work experience.