Job Status: Active ✓
|Job Type||Full Time|
KGA Life is one of South Africa's leading funeral insurance companies and has offices in the Western Cape, Gauteng, Eastern Cape, Free State and KwaZulu Natal.
We are seeking an independent and self-motivated Internal Auditor to join our Head Office, located in Stellenbosch.
The Internal Auditor will be accountable for providing internal audit services for the company in accordance with their mandate in order to provide the Board of Directors and management with assurance that controls have been implemented and are effective.
To provide an independent view on KGA’s governance, risk management and control processes.
To conduct risk-based and compliance-based internal audits in accordance with the approved audit plans.
The focus is on the evaluation of operational, risk management, internal control and the governance processes of KGA.
The main duties will include:
Proactively identify and evaluate the company’s control environment as well as risk areas and prepare and present the annual audit plan and universe for approval to the Board of Directors accordingly.
Perform and evaluate control adequacy and effectiveness reviews of business processes.
Prepare audit plans and programs for execution, including continuous audits.
Perform the full audit cycle and audit procedures, including:
Reviewing and analysing evidence and/or data;
Documenting and reviewing client processes;
Providing clear and sufficient audit evidence to support recommendation and audit opinion;
Preparing working papers.
Proactively identify and evaluate impact of new and/or changes in processes on audit plan.
Identify opportunities to improve internal controls, including financial controls.
Independently identify and document audit issues and recommendations using sound professional judgement and present findings and recommendations to management and the Board of Directors.
Document and report control deficiencies/audit findings and recommendations, and discuss these with management.
Perform regular follow up with management on the status of resolution of audit findings.
Ensure compliance with policies, standards, procedures as well as applicable laws and regulations are adhered to.
Keep abreast of emerging industry standards, best practices, industry challenges, upcoming legislation, operational requirements and technology changes related to the internal audit environment.
Work with the External Auditors.
Qualification and experience required:
A relevant tertiary qualification (National Diploma or B-degree) in Internal Auditing or other relevant field of study. In addition, completed CIA or studying towards CIA.
Knowledge of Internal Auditing procedures and standards.
Proficiency in accounting principles.
At least 2 years’ experience and audit exposure within an insurance company in a risk-based auditing environment as internal auditor.
Financial services, especially insurance experience will be beneficial.
The candidate must demonstrate that he/she is capable to perform a complete audit.
Knowledge of Solvency Assessment and Management (SAM) would be beneficial.
Essential behavioural competencies and skills:
Ability to plan and execute an audit by applying risk and control concepts.
Ability to observe, understand and document business processes, while identifying gaps in logic.
Results orientated and solution driven.
Ability to work independently, whilst taking initiative.Inquisitive and logical reasoning.
Proficient in Microsoft Word, Outlook, PowerPoint, advanced Excel skills.
Excellent communication skills (verbal and written).
Effective time management, ability to work systematic and multi task with high attention to detail.
Clear credit and criminal record.
Applications and enquiries
Should you meet all of the above-mentioned requirements please forward your CV to firstname.lastname@example.org.