Internal Audit Manager (2598) at The South African National Roads Agency (SANRAL)

MINIMUM REQUIREMENTS:

• An Honours degree in Accounting e.g. CTA or Honours degree in Internal audit
• Must be a CA(SA) or CIA
• Eight years working experience in auditing, of which 5 years must be at managerial level post three years articles.
• Solid experience in risk management, internal control systems and governance is a requirement.
• Illustrated previous state-owned entity (SOE) audit experience

WORKPLACE COMPETENCIES:

• Knowledge of International Auditing Standards and Governance Frameworks (e.g. King IV).
• Solid knowledge of mentoring and coaching. Chief Audit Executive Senior Manager: IA Internal Audit Manager Senior Internal Auditors Internal Auditors
• Solid knowledge of report-writing.
• Solid knowledge of the PFMA and treasury regulations.
• Knowledge of Data Analysis.
• Knowledge of Project Management.
• Knowledge of research / benchmarking.
• Knowledge of best practice frameworks (e.g. COSO, PMBOK, etc.).
• Human Resource Management.
• Financial Management.

KEY RESPONSIBILITIES:

Strategic Functions

• Direct the identification, evaluation and monitoring of the risk areas and assist with the development of the Internal Audit Methodology and the Annual Risk Based Audit Plan and the three-year rolling plan.
• Lead the audit function in playing a strategic role in embedding the principles of good governance and ensuring that the standards of ethical behavior are upheld.
• Provide value added consulting activities that offer proactive as opposed to detective assurance.
• Streamline audit processes to enable continuous monitoring of core processes to enable timely mitigation of risk events.
• Partner more closely with key internal and external stakeholders to ensure optimal combined assurance to the Board and Management and make certain that key risks are appropriately addressed.
• Audit Planning
• Lead the review and assessment of systems of control, risk management and governance to determine if the organization has adequate standards/processes in place to achieve organizational objectives.
• Supervise the performance of audits from identification and planning of projects to issuing and presenting of final reports to executive management in accordance with The International Standards for the Professional Practice of Internal Auditing and best practice frameworks.
• Participate in the development of the annual audit plan in consultation with Management, Risk Management and the Auditor General for review and approval.
• Considers all SANRAL requirements, deadlines for requirements, time needed to conduct audits, workforce availability and other elements affecting the audit schedule.
• Obtain and analyse information from clients to plan engagements.
• Conduct risk and control assessment of assigned department or functional area in established/required timeline for the development of the audit plan and the basis for planning audit projects.
• Ensure appropriate audit software and data analytical tools are effectively utilised to plan, execute and report on audits.
• Reviews plan with client and assigned auditor to resolve any questions.
• Writes correspondence notifying auditee being audited of schedule, assigned individual(s), source of audit, records required and other pertinent information.
• Keep abreast with and applies all relevant legislative changes, standard operating procedures, methodology and guidelines.

Audit Execution

• Ensure that audits are executed as per the audit plan.
• Source relevant information required for analysis and testing.
• Draft engagement letters and Audit Planning Memorandums.
• Establish risk-based audit programmes.
• Evaluate the suitability of internal control design and make recommendations on findings. Manage audits to ensure that they are conducted within the time budgets and timelines determined as per the audit plan.
• Follow up on the status of action plans as agreed with management in line with follow up procedures.
• Perform consulting engagements to add value to the organisation.

KEY RESPONSIBILITIES (continues)

Audit Project Quality

• Quality assure audit teams outputs.
• Ensuring that policies, procedures and guidelines, which impact on auditing, are clearly understood, while determining the level of internal compliance (in terms of Quality Assurance standards (IIA) in line with Internal Audit methodology.
• Maintains and recommends improved standard operation procedures for auditing.

Auditee/engagement Management

• Effectively engage and communicate with auditee, audit team, other stakeholders and Internal Audit management.
• Ensure that internal audit activities are effectively coordinated with other assurance providers through the agreement of a time bound combined assurance model, including internal and external audit, risk management, forensics and compliance functions. Audit and Management Reporting
• Decides on weaknesses and areas of improvement to report to management;
• Validate the accuracy of findings.
• Decides on severity of weaknesses.
• Recommend solutions for improvement of processes and controls.
• Draft audit findings for improvements in the economy, efficiency, and effectiveness of controls, risk and governance of audit areas.
• Coordinate activities and involvement with various internal stakeholders to finalise audit reports.
• Provide feedback reports on status of projects highlighting significant weaknesses and suggested improvements.
• Compile reports to management committees and the audit committee.

Audit and Management Reporting

• Decides on weaknesses and areas of improvement to report to management;
• Validate the accuracy of findings.
• Decides on severity of weaknesses.
• Recommend solutions for improvement of processes and controls.
• Draft audit findings for improvements in the economy, efficiency, and effectiveness of controls, risk and governance of audit areas.
• Coordinate activities and involvement with various internal stakeholders to finalise audit reports.
• Provide feedback reports on status of projects highlighting significant weaknesses and suggested improvements.
• Compile reports to management committees and the audit committee.

KEY RESPOSIBILITIES (continues)

Financial Management

• Responsible for assisting the Chief Audit Executive with internal audit budget and financial management of the internal audit function.
• Review and assess the effectiveness of financial controls within the Internal Audit function.

People Management

• Accountable for the management of the internal audit team.
• Direct the audit team in conducting interviews, reviewing documents, developing and administering surveys, composing summary memos and preparing working papers.
• Direct the audit team in the identification, development and documentation of audit issues and recommendations.
• Lead, manage, manage performance and supervise staff allocated for reviews and other assignments and take responsibility for all outputs of the team.
• Provide functional/technical support, advice and guidance and assist in the transfer of skills to audit staff.
• Manage own and staff productivity and deliverables in an effective manner and assume a supervisory role.
• Instruct subordinates on tasks and/or activities.
• Provide direction and management to the direct reports to ensure they execute the divisional strategy and manage their portfolios effectively.
• Be responsible for the implementation of the Human Capital Strategy for area of control.
• Ensure that there are sufficient execution capabilities within the audit team.
• Coach, train, guide and develop internal audit team.