Overview

Job Title: Internal Audit Manager – 1 Post

Type of contract: Full time

Type of job: Permanent

Job location: Dar es Salaam

The closing date: December 10, 2024

Britam Insurance 

 

 

The job purpose:

  • Be responsible for coordinating audits in Britam Tanzania.
  • The role holder will also be in charge of designing and carrying out audits to assess the effectiveness of internal controls using an approved yearly risk-based audit plan that complies with regulatory and supervisory requirements and expectations.

 

The key responsibilities:

  • To ensure that detailed audit programmes based on documented procedures and best practices are prepared for each selected audit project, with a focus on possible risk areas.
  • To prepare and deliver reports to management and the Board Audit & Risk Committee that clearly describe the important findings and realistic recommendations for improvement.
  • To coordinate the execution of internal audit strategies, policies, and procedures.
  • To facilitate branch audits to ensure that activities are consistent with Britam Tanzania policies.
  • To verify documents and review existing accounting, administrative, and internal control systems, making appropriate recommendations for improvement. This encompasses the Company’s operations and requires a full understanding of all operations.
  • Create/ formulate and implement internal audit policies and procedures manuals.
  • To ensure that extensive audit tests are done on all of the Company’s operations using standard audit programs and in accordance with the authorized annual audit plan. This provides recommendations to increase efficiency.
  • If actual conditions in the field need it, the job holder may amend the scope of the audit after consulting with the group Head of Internal Audit.
  • To maintain adequate and properly recorded audit results and evidence in the Internal Audit systems.
  • Evaluate the Audited department’s key operational and financial risks and devise methods to address them.
  • To work with various stakeholders and, if relevant, provide feedback to staff on the completion of each audit task.
  • The employment opportunities develop and implement the performance management plan and cycle for team members, if relevant, as directed by HR.
  • To where applicable, schedule and allocate tasks to the audit team while calculating resource requirements.
  • Check for conformity with all applicable legislation and regulatory requirements.
  • This necessitates regular updates on all applicable legislation and regulatory requirements impacting Britam Tanzania.
  • To attend and participate in management meetings to better understand Britam Tanzania’s operations.
  • To deliver on the performance standards outlined in the department’s strategy map, balanced score card, and personal scorecard.

 

 

 

The Knowledge, experience, and qualifications are essential.

  • A bachelor’s degree in finance, accounting, or a similar discipline.
  • The MBA is an added benefit.
  • The Professional qualifications include CPA (T), ACCA, and CISA. CFA or equivalent.
  • The 7-10 years of experience in a similar position, with 4-5 of those years spent as a manager in a high-volume setting.

 

 

The Technical and functional competencies:

  • The knowledge of the internal auditing procedure.
  • The report writing-the skill to create reports.
  • The decision making – the ability to make strategic decisions in a timely and efficient manner.
  • The high moral and ethical standards.
  • The highly motivated.
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