Internal Auditor

% Time

Major Activities

Planning (10%)

• Participate in developing and preparing the Annual Audit Plan that outlines the activities to be undertaken by the Internal Audit Department during the year.
• Develop Audit Engagement Plan

Audit (60%)

• Perform Audit work in accordance with the approved audit manual and professional standards.
• Carry out the procedures outlined in the internal audit plan under the supervision of supervisor.
• Carry out independent assessment of the application and compliance with the established company policies, procedures and regulations.
• Review, appraise and advise accordingly the soundness, adequacy and efficiency of accounting, financial, business operations process, MIS, HR and other internal controls and detect irregularities and illegal acts.
• Perform operational reviews and appraisals on the cost effectiveness and efficiency with which company resources are employed in all VFR business processes.
• Review and advise degree of compliance of VFR business to its internal policy and procedures as well as VFI policies.
• Perform audit of the VFR assets to ascertain that they are properly recorded and safeguarded from theft, fraud, and misappropriation.
• Perform audits of the VFR’s liabilities and ascertain that they are accurate and genuine.
• Provide investigative services, as the need arises, and if possible, recommend changes on policies and procedures arising from the case(s) investigated in order to strengthen the VFR’s control management system.
• Carry out sampling tests for examination.
• Perform client visits during audit.
• Clarify all audit findings with auditees during the process of audit fieldwork to minimize discussion time in the exit conference.
• Ensure all working papers are completed and in order – initials, cross-references, date, work descriptions, clearance.
• Write summary of audit results and conduct the exit discussion with the auditees.
• Publish reports within the standards set.
• Assist in the execution of the external audit as well as examinations to be conducted by government regulatory agencies

Reporting (25%)

• Submits a written audit report to supervisor ensuring sufficiency of audit coverage.
• Discuss the results of his audit with the respective unit/branch/department managers and advises on appropriate actions to improve conditions.
• Maintains adequate records of reports submitted and monitors whether actions to rectify the reported findings acknowledged are undertaken promptly.
• Review corrective actions and follow-up reports or management responses to the audit recommendations and follow-up with related branch or head office to clear responses as may be assigned

5%

Other duties as assigned

Deciding and Initiating Action

Leading and Supervising

Working with People

Adhering to principles & values

Relating and Networking

Persuading and Influencing

Presenting and Communicating Information

Writing and Reporting

Learning & Researching

Planning and Organizing

Coping with Pressures and Setbacks

Commercial Thinking

Analytical

Additional Information:

Jobholder should be a person of high integrity and discretion with confidential matters.

Multi-cultural awareness and the ability to interact with a wide range of differing levels and sectors of staff, society, social and business, is an essential characteristic of the person holding this position.