Head of Internal Audit and Risk Management Job Vacancy - Insurance Regulatory Authority (IRA)

Our client, the Insurance Regulatory Authority (IRA) is a state Corporation set up to regulate, supervise and develop the insurance sector in Kenya. The Authority is now seeking to fill this new position.

Head of Internal Audit and Risk Management
Ref. No: 233/DX/FS

Responsible directly to the Board Audit and Corporate Governance Committee and indirectly to the Chief Executive for developing and implementing a comprehensive loss and waste prevention programme through independent, systematic and objective audit reviews as well as programmatic evaluations of business policies, systems, processes and practices.

Continuously reviews the effectiveness of internal controls and degree of compliance as well as identifying organizational risk factors in the management of the Authority.

Prepares audit reports and also makes recommendations to help improve the quality of service delivery systems as well as promoting good corporate governance practices.

Core Duties and Responsibilities

Develop, implement and evaluate internal control framework as well as managing and profiling organizational risk factors;Evaluate the adequacy of internal controls by conducting protective and constructive audits of all functionsMonitor and review procurement practices and other procedures including staff recruitment and selection process to ensure compliance with approved guidelines;Assess and evaluate all the Authority's plans, projects, contracts and services to protect the Authority from risk.
Evaluate progress and effectiveness of action taken to implement audit recommendations received from all internal & external audits;Monitor and evaluate the progress made in achieving performance contract objectivesPrepare and submit written reports of findings and make recommendations for the improvement of operations.
Minimum qualifications & other requirements
Master's degree in business administration, commerce, accounting, finance, economics or equivalent.Professional accounting qualifications such as CPA, ACCA, ACA or ACMA and membership to a relevant professional body.Minimum eight (8) years relevant professional experience in the areas of internal and/ or external audit gained in an organization with strong internal control frameworks.Excellent knowledge of audit procedures, including planning, audit techniques, testing and sampling methods and tools used in conducting audits.Proven ability to improve operational policies and procedures, business processes, audit objectives, key management strategies.Proficiency in spreadsheet databases, word-processing, and presentation applications, including computerized finance, accounting, auditing, and record keeping systems and experience working with large and complex data sets.Well developed analytical, communication and presentation skills;Ability to work independently, remain focused and maintain highest integrity and objectivity.An attractive remuneration package commensurate with the responsibilities of the position will be negotiated with the successful candidate.

Closing date for receipt of applications:19th November 2010

Send your application letter and CV- do not attach certificates/testimonials and state how your experience matches the specification, quoting job Ref. No. to hawkins.associates@khigroup.com

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