Internal Audit Manager

SUMMARY:
Internal Audit Manager

POSITION INFO:

Job Purpose:
The Internal Audit Manager will be responsible for leading the Internal Audit Function. The purpose of this function is to provide independent and objective assurance and consulting services to the board, audit committee, and executive management. This is achieved by implementing a systematic and disciplined approach to evaluating and improving the effectiveness of risk management, controls, and governance processes across the company.

Key Responsibilities:
• Lead the Internal Audit Team: Oversee the internal audit team, ensuring all audits and reviews are executed effectively and professionally.
• Develop and Execute Risk-Based Audit Plan: Design and implement a comprehensive audit plan focused on high-risk areas within the organization.
• Conduct Audits: Lead audits of activities, systems, and processes to evaluate whether risks are managed and internal controls are effective in mitigating those risks.
• Provide Consulting Services: Work with business units to improve operational efficiencies and mitigate risks, offering consulting services where needed.
• Report Audit Findings: Ensure audit findings are communicated clearly and professionally to management promptly.
• Develop and Implement Action Plans: Collaborate with management to ensure action plans are developed and implemented in response to audit findings.
• Monitor Action Plan Implementation: Follow up on the implementation of action plans to ensure issues are resolved effectively.
• Report to Audit Committee: Provide regular reports to the audit committee regarding internal audit activities, findings, and recommendations.
• Conduct Follow-Up Reviews: Ensure previously identified issues are addressed and resolved through follow-up audits.
• Coordinate with External Auditors: Collaborate with external auditors, the compliance function, and other assurance providers to ensure alignment and completeness of the audit process.
• Manage the Internal Audit Team: Lead and manage a lean internal audit team, ensuring both quality and efficiency in audit work.

Qualifications:
• Required:
o CA(SA) or Certified Internal Auditor (SA) (non-negotiable)
o IT Risk and Audit Certification (Desirable)
o Risk Management Certification (Desirable)
o Risk Modelling (Desirable)

Job-Related Knowledge:
• Advanced knowledge of the International Standards for the Professional Practice of Internal Auditing and the Code of Ethics of the Institute of Internal Auditors South Africa (IIA SA).
• In-depth knowledge of IFRS.
• Understanding of the statutory environment of an insurance company (Desirable).
• Knowledge of King IV and other governance principles.
• Solid understanding of Risk Management principles and practices.
• Familiarity with IT risk, governance processes, and controls.
• Proficiency in data management frameworks and big data analysis.

Job-Related Skills:
• Hands-On Leadership: Ability to manage and work alongside a lean internal audit team. This is not a coordination-only role and requires active participation in audits and reviews.
• Analytical & Problem-Solving Skills: Ability to identify and resolve complex audit-related issues.
• Time Management: Ability to work under pressure and meet tight deadlines.
• Attention to Detail: High attention to detail and a meticulous approach to audit tasks.
• Professionalism and Interpersonal Skills: Strong communication skills, both written and verbal, with the ability to influence and build relationships at all levels of the organization.
• Advanced Excel Skills: Proficiency in MS Office Suite, particularly Excel.
• Adaptability: Ability to adapt to new tasks and changing priorities and environments.
• Travel: Willingness to travel within South Africa at least twice a year.

Job Experience:
• Minimum 3-5 years of experience in audit, with at least 3 years in internal audit.
• Proven experience in leading/managing an internal audit team.
• Experience in a broad range of audit areas, including operational and financial audits.
• Experience in IT audit (Desirable).
• Experience in insurance company audits (Desirable).

Application Process:
Interested candidates who meet the above requirements are encouraged to submit their CV in MS Word format, along with a cover letter highlighting relevant experience, proof of your qualifications, and a head and shoulder photo of yourself to