Senior Internal Audit Executive at Intersect Consortium

Job description

• Plans financial, regulatory, compliance or operational reviews/audits.
• Coordinates work with Risk, Legal & Compliance and other control-related activities and with others within Internal Audit.
• Conducts financial risk assessments and identifies controls in place to mitigate identified risks.
• Ensure daily compliance on the internal and financial policies of the facility
• Do a daily call over on all expenses across all organizations and ensure that all postings are correctly done
• Takes routine stocks check and verify that records in the bin cards show true representation of stock on ground
• Ensure that costs are not over stated on all expenses.
• Ensure compliance on all regulatory policies.
• Ensure that internal control system is in place so as to control loss, theft and risk in the facility.
• Identifies any internal control gap and recommend measures for its improvement.
• Report to management all risk issues in accordance with auditing standards.
• Review the final accounts prepared by the accountant before the external audit reviews the account.
• Advices management on any internal control issue.
• Performs audit procedures to verify that controls are operating through testing and interviewing techniques.
• Analyses and concludes on effectiveness and efficiency of control environment.
• Identifies control gaps and opportunities for improvement.
• Documents the results of audit work in accordance with audit department and the Institute of Internal Auditors (IIA) standards.
• Prepares timely audit reports for executive management, the Audit Committee and the Board of Directors.
• Assess, evaluate and promote compliance to internal policies.
• Contributes, as appropriate, in the year-end financial audit with the external auditor.
• Provides advice on internal control and participates in enhancing internal audit standards and practices within Synapse
• Researches new or technical subjects when required to support audits (e.g., OSFI Guidelines, market risk, financial instruments, etc.)
• Provide feedback on Accounting Procedures.

Deliverables / Key Performance Indicator

• Monthly Report/ Advise on Return on investment of Synapse
• Continuous audit tests and their results Monthly
• Good number of managements agreed actions outstanding, putting emphasis on any overdue actions. This is related to the financial advice rendered by the internal auditor.
• Policy and procedure breaches reported in the period: Weekly Report
• Emerging risk discovery: forensic auditing. Monthly Review
• Status of compliance test completion and report of any failures with their remediation plans
• Monthly Rich content of audit report based on proper research and analysis
• Above all, customer satisfaction without compromising on objectivity
• Completed audit plans per year or period
• Business or revenue enhancement opportunities were identified and proposed as cost-saving strategies.

Requirements

• B.Sc. Business or Accounting.
• Knowledge of economic and accounting principles and practices, analysis, and reporting of financial data.
• Direct experience in audit and compliance is required. Good knowledge in auditing and accounting practices.
• ACCA/ICAN / ACA / CIA / CISA.
• Minimum of 5 years of proven work experience.
• Relevant certifications are associated with the job position.
• Strong communication, interpersonal, and influencing skills; ability to negotiate at all levels.

Competencies/Attributes:

• Contributes to High Performing Teams – May include supervision of Accountant and account assistant on projects to follow, sound internal control practices and to manage financial risks appropriately.
• Acts as a Team Player - Collaborate and supporting colleagues and peers across the organization, while still being able to work independently when needed.
• Results Oriented – Meet deadlines on assignments, juggle multiple demands and to work with all types of individuals up to and including the CEO.
• Entrepreneurial
• Committed to Self-Development Requirements:
• Excellent knowledge of healthcare financial business operations and risk-based auditing attained through 3 to 5 years of progressive work experience with a focus on financial risk and regulatory requirements.
• Excellent understanding of the standards of the Institute of Internal Auditors (IIA) and ability to fully comply with IIA standards
• Ability to manage projects and, when required, work with the accountant to follow sound internal control practices and to manage risks appropriately.
• Strong skills in negotiating, relationship building, problem solving, and timely problem escalation.