Internal Audit at Kenindia Assurance Company Limited Jobs In Kenya
- Company: Kenindia Assurance Company Limited
- Location: Kenya
- State: Nairobi
- Job type: Full-Time
- Job category: Accounting Jobs in Kenya - Audit Jobs in Kenya
Job Description
Kenindia Insurance Ltd, was established as merger of Indian Insurance Companies operating in Kenya to form a vibrant joint venture with moral and financial support from leading local business elite on 6th December 1978.
Job Purpose
- To be responsible for evaluating and improving the effectiveness and efficiency of the organization’s internal controls, risk management processes, and governance systems.
- Working within the Internal Audit department, conduct independent assessments of various business functions and processes to identify risks, assess controls, and provide recommendations for enhancement.
Main Responsibilities
Audit Planning and Preparation
- Collaborate with the Deputy Manager, Internal Audit to develop risk-based audit plans aligned with organizational objectives
- Conduct preliminary research and analysis to understand the audit area, including relevant policies, procedures, regulations, and industry standards.
- Prepare audit programs and testing procedures to evaluate the design and operating effectiveness of internal controls.
Risk Assessment and Control Evaluation:
- Identify key risks inherent in the audit ares and assess the adequacy of existing controls to mitigate these risks.
- Evaluate the design and implementation of internal controls, assessing their effectiveness in preventing or detecting errors, fraud, or non-compliance.
- Document findings and discrepancies, clearly articulating the impact and significance of identified issues.
Fieldwork and Data Analysis:
- Execute audit procedures, including interviews, observations, and examination of documentation and data.
- Perform detailed testing of controls to assess compliance with policies, accuracy of financial information, and effectiveness of operational processes.
- Analyze quantitative and qualitative data to identify trends, anomalies, and areas of potential risk or improvement.
- Maintain accurate and detailed work papers.
Reporting and Communication
- Prepare clear, concise, and well-supported audit reports summarizing findings, conclusions, and recommendations for improvement.
- Present audit results to management and key stakeholders, facilitating discussions on remediation plans and corrective actions.
- Follow up on audit findings and recommendations to ensure timely resolution and implementation of corrective measures.
Compliance and Governance Support
- Stay informed about relevant laws, regulations, and industry standards to ensure audit activities remain compliant and aligned with best practices.
- Provide guidance and support to business units on compliance matters, promoting a culture of ethics, integrity, and accountability.
- Participate in special projects, initiatives and investigations related to governance, risk management, and internal controls as assigned.
Requirements
Academic Qualifications:
- Bachelor’s degree in accounting, finance, business administration, or related field
Professional Qualifications / Membership to professional bodies
- Certified Public Accountant (CPA K)
- Certified Internal Auditor (CIA) will be an added advantage
Relevant work experience required.
- Minimum of 5 years of experience in internal audit or external audit. Insurance Industry experience will be an added advantage
Functional Skills, Behavioral Competencies/Attributes
- Strong understanding of internal control concepts, audit techniques and working knowledge of Global Internal Auditing Standards and Accounting Principles
- Proficiency in conducting data analysis using tools such as Microsoft Excel, ACL, or similar software.
- Excellent analytical skills, attention to detail, and ability to draw meaningful insights from complex information.
- Excellent communication and interpersonal skills, with the ability to interact professionally with individuals at all levels of the organization.
- Ability to work independently with minimal supervision, while also collaborating effectively within a team environment.
- Strong organizational and time management skills, with the ability to manage multiple priorities and meet deadlines.
recruitment@kenindia.com
Use the title of the position as the subject of the email
Closing Date : 31 May. 2024