Director Internal Audit at Mulonga Water Supply and Sanitation Company Limited

Mulonga Water Supply and Sanitation Company Limited is the provider of water and sanitation services in Chingola, Mufulira and Chililabombwe. The Company invites applications from suitably qualified candidates for the position of Director Internal Audit at Head Office in Chingola.

DIRECTOR INTERNAL AUDIT

Purpose of the Job

Performs advanced level professional internal auditing work as a key component of the corporate governance structure. The job holder direct and manage a comprehensive audit program at the MWSC providing internal audit assurance services to management and the Board in the company and ensure the internal control systems adhere to acceptable principles including those relating to risk management and corporate governance, financial regulations and with established policies to safeguard the assets and resources of the institute. Works independently with extensive latitude for initiative and independent judgement.

Main Accountabilities

a) Manages the internal audit functions so that audit work fulfills the specific and general purposes and that responsibilities are approved by management and the Board

b) Supervises the process of evaluating reliability and integrity of Information Communication Technologies (l CT)and means used to report information

c) Develops and implements internal audit strategies and programs aimed at providing an independent and objective opinion to management and the Board on risk management, internal controls and governance by measuring and evaluating their effectiveness in achieving the Institutional agreed objectives and safe guard the assets of the institute and resources

d) Leads the process of appraising the adequacy and effectiveness of risk management systems in the Organisation and reports on the state of and support the risk management team in improving risk management systems

e) Prepares timely and accurate reports of findings and recommendations for management attention, and communicates such audit results to the Board, Management, and other stakeholders as required

f) Manages the internal audit function from planning, review work done by internal auditors reporting and follow up action on implementation of recommendations accepted by management

g) Reviews the out periodic system reliability tests to confirm the efficiency and effectiveness/adequacy of the internal controls and procedures and prepares reports recommending corrective measures for management

h) Liaises with external auditors in the interpretation of reports and any other issues related to internal controls and procedures.

i) Ensures regular and periodic checks of financial operations to identify possible sources of errors, frauds or misstatements and as a risk control measure

j) Ensures that programs of work carried out by subordinates cover all accounting procedures, performance audits and documentation. Ensures the preservation of accounting records as provided for by the financial regulations

k) Ensures that any ad hoc and special audit investigations are carried out whenever requested by the controlling officer or out of sheer necessity in the public and shareholders interest

l) Provides advice to the Board and Senior management on strategic, regulatory, operational and policy matters in order to improve effectiveness

m) Develops and implements a flexible annual audit plan and submits same to Audit Committee of the Board for approval

n) Analyses data obtained for evidence of deficiencies in controls, duplication of effort, extravagance, fraud, or lack of compliance with laws, government regulations and management policies or procedures in order to make recommendations to the Board

o) Ensures that the audit function has adequate resources to enable it to carry out its planned work through preparation and control of approved budget allocations

p) Directs the performance of audit procedures, including identifying and defining issues and recommendations, developing criteria, reviewing and analyzing relevant information, evaluating evidence, documenting business processes and procedures, and completing audit documentation

q) Reviews and ensures that audit work conforms to the professional practices and standards of profession of internal audit

r) Collaborates with External Auditors in the audit process and assesses the course of implementation of recommendations made by External Auditors

Knowledge and Skill Requirements:

• School Certificate
• Degree inAccountancy; or ACCA, CIMA.
• Certification by Institute of Internal Auditors/ZlCA
• Eight years of full-time experience in auditing, accounting, business analysis, or program evaluation, including four years supervisory or project management experience.

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