LOCATION: Cape Town
CLOSING DATE & TIME: 11/2/2021 11:55 PM
Purpose of the Job: Reporting to the Manager Internal Audit/Senior Auditor, the successful incumbent will be accountable to conduct audits as per the audit plan.
Key Performance Areas
Plan Audits
Prepare the notification letter to be sent to the client in accordance with the approved annual audit plan.
Conduct preliminary survey to gain an understanding of business processes.
Prepare the Audit Planning Memorandum for the audit
Develop processes flows from policies and procedure manual of business unit.
Prepare the audit program based on the outcome of the preliminary survey.
Timely submission of planning documents to Audit Manager for review.
Conduct Introductory meetings with client management (auditee) to discuss the area to be audited, which will inform the outcome of audit objectives.
Perform risk assessment and identify inappropriate and inadequate controls and recommend improvements in procedures and processes.
Prepare audit file and cross-reference all working papers to audit evidence in accordance with the Quality Assurance standards.
Taking inputs from Seniors/Supervisors and appropriately and accurately applying comments and/or feedback.
Provide assurance and recommend controls in accordance with the relevant laws and regulations and National Treasury frameworks.
Conduct Audits
Conduct audits as per the audit program and provide reasonable assurance regarding the following:
Appraise progressively the soundness, adequacy and application of the internal control systems.
Ascertain that the system of internal control promotes the efficient and effective use of resources.
Ascertain that the system of internal control operates to ensure that the assets of the Fund are properly controlled and safeguarded from losses arising from fraud, irregularity or corruption.
Discuss findings with auditee during the course of the audit to ensure the accuracy of the findings.
Submit audit working papers to Senior Auditor within set timelines for review and address review notes
Conduct follow-up on the previous audit findings, recommendations and action plans and submit report to Senior Auditor.
Reporting of Audit Results
Submit audit findings to Senior Auditor/Supervisor within set timelines
Draft audit findings substantiated by valid audit evidence, identify root causes and provide practical recommendations.
Attend to Audit Managers review notes.
Conduct exit meetings with auditee and prepare minutes of meetings.
Identifying and reporting on standard criteria, making reference to applicable Acts, regulations and policies that might have been contravened.
Stakeholder Relations
Build and maintain relationships with external auditors and all other relevant stakeholders.
Ensure that RAF interests, values and ethics are upheld when dealing with stakeholders.
Qualifications and Experience
Bachelor’s Degree or Advanced Diploma @ NQF Level 7 in Auditing or related qualification.
Registered with the Institute of Internal Auditors.
CIA will be an added advantage.
Relevant 4 years’ experience in an Auditing environment.
Experience in an auditing/ advisory firm with similar size to RAF will be advantageous.
Technical and behavioral competencies required
Organizational resilience.
Team resilience.
Personal mastery.
Judgement and decision making.
Emotional wisdom.
Ethics and governance.
Customer orientation and customer focus.
Analytical skills.
Project management and organizational skills.
Communication skills (written and verbal).
Microsoft office suite.
Report writing and presentation skills.
International Standards for the Professional Practice of Internal Auditing.
Corporate Governance, Risk management and King III.
Coso framework.
Risk Enterprise Framework.
Principles relating to PFMA, RAF Amendment Act.
Road Accident Fund Values
Integrity,
Compassion,
Accountability,
Respect,
Excellence
Remuneration
Total cost to company applicable to this position is minimum R502 953.00 per annum, negotiable.
NB: “RAF offers Total Employment Cost packages with no additional contributions from the Employer, successful candidates are required to structure their packages in a manner that will suit their needs”.
Closing date: 02 November 2021
Applications can be forwarded to the Recruitment Officer at the RAF, Cape Town branch; e-mail address is CPTRecruitment@raf.co.za
INSTRUCTION TO PROSPECTIVE APPLICANTS
Indicate the name and the reference number for the position you are applying for on the subject line
Do not submit copies of qualifications and ID as these will be requested from shortlisted candidates on the interview date
Submit a short CV with a maximum of 5 pages
Please indicate your current salary and salary expectations if considered for the position.
NB:
The Road Accident Fund subscribes to the principles of employment equity and preference will be given to People with Disabilities.
Applicants who have not received any correspondence from us within six weeks from the closing date can consider themselves unsuccessful
Security Vetting shall be conducted on all prospective employees
It is the applicants’ responsibility to have foreign qualification evaluated by the South African Qualification Authority (SAQA) and to provide proof of such evaluation.
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