Head - Internal Audit - CA

Chartered Accountant with 12 to 18 yrs experience in Internal Audit.

Candidates from Audit firms preferred: Experience in auditing across multiple industries Proven experience in establishing and leading an internal audit function

Key Responsibilities:

1. Establish and Lead the Internal Audit Department:

- Develop the framework, policies, and procedures for the Internal Audit Department from the ground up.

- Create an audit charter, defining the department's purpose, authority, and responsibilities.

- Design and implement audit methodologies, tools, systems and practices that align with industry best practices.

2. Audit Planning and Execution:

- Develop a comprehensive annual audit plan covering all subsidiaries and associates in diverse sectors

- Conduct risk assessments to identify key areas for audit focus.

- Lead the execution of audits, including financial, operational, and compliance audits, across all units, ensuring audits are completed on time and within scope.

- Evaluate the effectiveness of internal controls, risk management, and governance processes.

3. Reporting and Recommendations:

- Prepare detailed audit reports with findings, risks, and recommendations for improvement.

- Present audit results and recommendations to the Board of Directors.

- Follow up on the implementation of audit recommendations and report on progress.

4. Billing and Resource Management:

- Implement a time-tracking system to monitor audit hours spent on each unit.

- Prepare and manage billing for audit services rendered to each subsidiary based on time spent during the year.

- Manage the department's budget and resources effectively.

5. Team Development and Management:

- Recruit, train, and mentor a team of local Tanzanian audit professionals.

- Develop team members' skills through continuous training and professional development programs.

- Foster a collaborative and high-performance work environment.

6. Compliance and Standards:

- Ensure that all audits are conducted in accordance with local and international auditing standards.

- Stay updated on changes in regulatory requirements and ensure the audit department complies with all relevant laws and regulations.

7. Stakeholder Management:

- Build strong relationships with management and stakeholders across all units.

- Act as a trusted advisor to management on internal controls, risk management, and governance.

8. Continuous Improvement:

- Continuously evaluate and improve the internal audit process to enhance efficiency and effectiveness.

- Introduce new audit techniques, technologies, and best practices to the department.