Manager : Internal Audit

PURPOSE OF THE JOB The primary role of the Manager: Internal Audit is to coordinate, implement and manage specific processes to support the implementation and execution of the Audit Plan and Audit Strategy for INSETA.

Key Performance Areas

Outputs

1. Internal Audit (40%)
   • Assess significant activities of the INSETA, in terms of the adequacy of internal controls relative to the risk profile.
   • Ensure that emerging risks and control deficiencies are identified and addressed effectively, efficiently and timeously.
   • Analyse operational and management processes and system controls effectiveness and efficiency in order to improve them and propose value-added recommendations.
   • Perform reviews of significant activities of the INSETA and ascertain the level of risk, and appropriately set the audit priority for such activities.
   • Evaluate new or changing services, processes and operations.
   • Coordinate the outsourced Internal Audit services in adherence to the Internal Audit Plan.
   • Coordinate and monitor the implementation of the audit action plans, in consultation with relevant internal stakeholders.
   • Contribute to preparation of the annual internal auditing plan in line with IIA standards for approval by the Audit Committee.
   • Promote a high level of control awareness throughout the INSETA.
   • Assist in the deterrence of fraud by evaluating the adequacy of internal controls in mitigating fraud risks.
   • Follow-up on the progress of implementation of recommendations and monitor the improvement actions taken by the divisions in addressing audit findings.
   • Conduct internal audit of significant activities of line departments to ensure compliance, and to mitigate risks.
   • Provide support to the office of the CEO and Executives on all matters relating to internal and external investigations.
2. Combined Assurance (30%)
   • Ensure the development and implementation of the Combined Assurance Framework for INSETA.
   • Review and maintain the Combined Assurance Framework.
   • Coordination of Internal and External Audits.
   • Build and maintain relationships with the relevant assurance providers.
   • Undertake market research to ensure that best practices are adhered to, in line with the INSETA Excellence model.
3. Reporting (20%)
   • Prepare monthly management reports.
   • Prepare Quarterly Reports for ARC and other governance structures.
   • Contribute to the development of the Annual Report.
   • Prepare responses to all relevant stakeholders in relation to the Internal Audit function.
4. People Management (10%)
   • Manage individual and team performance in line with set performance targets.
   • Mentor and coach staff within the IA department where required and identify skills gaps to compile developmental plans with clearly defined career paths and job enrichment opportunities.
   • Implement HR policies and procedures to control/regulate workplace conflict and initiate corrective measures and consultation to address deviations from standards.

REQUIRED QUALIFICATIONS AND EXPERIENCE

Qualifications Minimum Requirement: Grade 12 or equivalent plus NQF 7 Bachelor’s Degree in Auditing /Accounting or equivalent. Member of the Institute of Internal Auditors (IIA). Added Advantage: NQF level 8 qualification in Auditing / Accounting. Obtained or studying towards CIA/CISA/CA. Experience Minimum Requirement: A minimum of 5 years’ experience in a Management position in Internal Auditing or related field. Experience in a SETA/Public Sector environment will be an advantage.

REQUIRED KNOWLEDGE AND SKILLS

Knowledge

• Knowledge of legislations governing SETAs.
• Knowledge of Generally Recognised Accounting Practice (GRAP), Generally Accepted Accounting Principles (GAAP) and Professional Practice of Internal Auditing.
• In-depth knowledge of internal auditing, risk management, the PFMA and Treasury Regulations.
• Knowledge of the standards for the professional practice of internal audit, PFMA & Treasury Regulations.
• Understanding of investigations and audit processes.
• Strong knowledge of and skills of applying internal audit principles and practices, management principles and financial systems.
• Knowledge of risk management, corporate governance, and internal control frameworks.

Skills

• Integrity and confidentiality.
• Strong communication skills both verbal and written.
• Analytical and problem-solving skills.
• Ability to work under pressure and meet deadlines.
• Organisational and interpersonal skills.
• Proficiency in MS Office.
• Ethical Conduct.
• Professionalism.
• Adaptability.
• Organized and Multi-Tasking.
• Detail Oriented and Orderly Documentation.
• Foresight and Planning.
• Critical thinker who requires minimum supervision.
• Team player with excellent interpersonal skills.
• Emotional Intelligence.

The Insurance Sector Education and Authority (INSETA) is an equal opportunity employer committed to Employment Equity and diversity with opportunities afforded in line with the approved Employment Equity Plan. Preference will be afforded to candidates from under-represented designated groups and people living with disabilities. INSETA reserves the right not to make an appointment and correspondence will be limited to shortlisted candidates only. All appointments are subject to vetting processes. If you meet the above requirements and wish to apply, send your cv and qualifications through the INSETA website. No late applications will be accepted. Closing date: 24 January 2025#J-18808-Ljbffr