Audit and Risk Committee Member - eThekwini at eThekwini Municipality

Job Purpose    
Invitation to serve on the Audit and Risk Committee (ARC) of the Ethekwini Municipality and its Municipal Entities.

• The Ethekwini Municipality calls for applications of the interested persons with the Built Environment skill to serve as members of the ARC. Council is required to constitute an Audit Committee in order to comply with the provisions of Section 166 of the Municipal Finance Management Act No.56 of 2003. The existence of an independent Audit Committee will enhance Corporate Governance and the transparency of Council administration and shall give the Local Community/Ratepayers confidence in the Council’s stewardship over the utilisation of public funds. 

The term of office of appointed candidate will be 3 years, after which it will be reviewed by Council.

Key Responsibility Areas    

• Person interested in this function and who is eminently qualified therefore will be expected to advise the Council, City Manager and Senior Management on the following matters, amongst others;
•  Internal Audit;
•  Internal Financial controls;
•  Accounting Policies;
•  Risk Management
•  Adequacy, reliability and accuracy of financial reporting and information;
•  Performance Evaluation;
•  Corporate Governance;
•  Compliance with relevant Legislation;
•  Any other issues referred to by the Municipality;
•  Examine and Review the Annual Financial Statements before final approval;
•  Infrastructure and Built environment;
•  Respond to the Council on any issues raised by the Auditor General South Africa; and
•  Reporting to the Executive Council on a quarterly basis.

Essential Requirements    

• A relevant degree or equivalent qualification in Built Environment and advancedknowledgeandexperience functioning in Built Environment such as professional engineer or related area . Extensive Leadership and experience of serving in an Audit Committee. Extensive knowledge and understanding of Infrastructure Delivery management system and related ISO standards on asset management.

Preferred Requirements    

• Over and above, essential requirements; Preference will be given to incumbents with specialist knowledge of Municipal Finance Management Act; and practical application of National Treasury Performance Management Framework; as is applicable to Municipalities. Proven working experience in the municipality/ electricity and or water industry would be an added advantage