Internal Audit Manager

Job Responsibilities

• Develop, Implement best audit and business practices in line with applicable internal audit statements.
• Identify and reduce all business and financial risks through effective implementation and monitoring of controls.
• Develop, implement, and maintain internal audit policies and procedures under local and international best practices.
• Compile and implement the annual Internal Audit plan.
• Conduct ad hoc investigations into identified or reported risks.
• Oversee risk-based audits covering operational and financial processes.
• Ensure complete, accurate, and timely audit information is reported to Management and/or Risk Committees.
• Overall supervision of planned annual audits.
• Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability, and compliance with all applicable directives and regulations.
• Obtain, analyze, and evaluate accounting documentation, previous reports, data, flowcharts, etc.
• Prepare and present reports that reflect the audit’s results and document process.
• Act as an objective source of independent advice to ensure validity, legality, and goal achievement.
• Identify loopholes and recommend risk aversion measures and cost savings.
• Conduct follow-up audits to monitor management’s interventions.
• Engage in continuous knowledge development regarding the sector’s rules, regulations, best practices, tools, techniques, and performance standards.
• Ensures a company or organization complies with internal regulations and established control protocol.
• Examines documentation, including reports, statements, records, and memos to gather information.
• Reconciles documentation with actual inventory or assets to ascertain the accuracy.
• Prepares reports and preserves documentation about audits for internal record.
• Analyses audit results to determine methods for increasing profits and decreasing unnecessary costs.
• Makes recommendations for the best ways for a company to avoid fraud and reduce waste.
• Assesses best financial practices for an organization and makes relevant, informed suggestions.
• Keeps up-to-date on audit procedures and regulations by attending conferences, workshops, and continuing education seminars.

Other Requirements

• Bachelor’s degree in accounting and/or Finance (master’s degree will be an added advantage)
• Certified Internal Audit (CIA) or Certified Public Accountant (CPA K)
• Membership with the Institute of Internal Auditors (IIA) or 0Institute of Certified Public Accountants of Kenya (ICPAK) 
• Minimum 5 or more years’ experience in a busy internal audit environment, 3 years of which must be in a management role, preferably in the education industry.
• Strong knowledge of audit/risk assessment techniques and principles.
• Unquestioned personal integrity with strong ethics and values consistent with business culture
• Ability to maintain independence and demonstrate integrity, credibility, confidentiality, and responsibility in all member/client interactions.
• Effective analytical skills and critical thinking to understand processes, controls, and risks of areas covered, identify root causes of issues, and recommend practical solutions.
• Strong team player with the ability to work within diverse teams in diverse cultural environments.
• Excellent written and verbal skills with demonstrated ability to clearly articulate issues and facilitate the definition and implementation of solutions.
• Ability to speak truth to power and challenge the status quo, inquire, and understand issues quickly and constructively