Jobs at KenGen. Internal Audit

Jobs at KenGen. Internal Audit

Internal Audit Jobs at KenGen, Kenya
Internal Audit and Risk Manager
Supervisor/Manager Title: Managing Director and
KenGen Internal Audit Job summary:

The job holder is responsible for providing independent objective assurance on the effectiveness of

KenGen’s risk management, internal controls and governance processes to support the achievement of the organisation’s goals and objectives.

Key responsibilities:

• Coordinate and provide thought leadership in the development and implementation of internal audit and risk management strategies, policies, and procedures to achieve KenGen’s strategic objectives.
• Lead, coordinate and supervise audit staff to ensure implementation of audit plans as approved by the Audit & Risk Management Committee including preparation of individual assignment audit plans.
• Plan and co-ordinate the timely performance of special audit investigations and forensic audits as necessary.
• Supervise and coordinate the preparation of audit reports on completion of each assignment and ensure timely issuance to the Managing Director and CEO and the senior management team for implementation of recommended actions.
• Prepare quarterly audit reports to the Audit& Risk Management Committee.
• Lead and coordinate preparation of the division’s annual budget and control and monitor its implementation.
• Facilitate maintenance of ISO Standards and other Quality Standards implemented by KenGen.
• Develop accountability structures and monitor the performance indicators for the

Internal Audit and Risk management department.

• Oversee protection of company assets in the custody of the Internal Audit & Risk Management Department.
• Develop, deploy and retain talent including completing performance appraisals, personal development and succession plans effectively and on time in accordance with the established performance management system.
• Prepare risk based annual audit plans aligned to KenGen’s objectives for the continuous audit of the organisation’s risk management, internal controls, governance processes and financial statements.
• Coordinate the development and implementation of appropriate risk management frameworks in line with KenGen’s corporate goals and objectives.
• Monitor the implementation of audit recommendations and report findings to the Audit & Risk Management Committee and senior management.
• Explore and implement appropriate technology to improve the efficiency and effectiveness of the audit function.

Occasional duties:
Provide consulting inputs on projects e.g. ERP system.
Participate and provide advice in the budget planning process.

Responsibility:
Identify quantitative factors for your job, such as equipment, finances (budget responsibility), consumable stocks, land and buildings and other major factors that indicate the scope and complexity of your job.
Also indicate your specific level of responsibility with regards to those quantitative factors.

Strategic management of staff
The jobholder is responsible for developing and implementing the strategic initiatives for the Internal Audit &Risk Management Department consisting of a staff complement of9 employees.

Management of projects
The jobholder is responsible for investigative or forensic projects as and when they are required or issues requiring investigation into fraud arising which last up toa priod of 2-3 months.
The role holder provides oversight with regard to the management of these projects and ensures adherence to budget.

Equipment
The job holder has been provided with a laptop, a printer and a blackberry to facilitate execution of duties
assigned. The jobholder is the main decision maker with regard to purchase of equipment for the department.

Financial responsibility
 

The jobholder is a budget holder and is responsible for managing a recurrent expenditure budget amounting to Ksh 150 Million.

Judgement and Decision-making:
 

This role advises the management of KenGen on the long term strategic initiatives for the internal audit and risk management department and provides progressupdates and developments with regard to the implementation of the initiatives.
This position advises the senior management and the CEO on process improvements and reports to the
Audit & Risk Management Committee.

• The job holder advises on the implementation of new processes with a view to enhance efficiency.
• The role holder identifies priority areas of focus with regard to audit exercises and advises KenGen on risk areas and mitigating factors.
• The job holder also provides recommendations with regard to forensic investigations and develops risk management and internal audit policies and procedures.
• This position provides recommendations with regard to development and implementation of cost management initiatives.
• The job holder makes decisions with regard to authorisation of travel and expenditure claims of staff within the approved budget and allocates duties to staff.
• The role holder also recommends additional staff for the section or departmental structure and recommends disciplinary action, promotions or rewards for staff to the HR department.
• Educational Requirements for Internal Audit Jobs in Kenya
• Minimum of an undergraduate degree preferably in Business, Finance or a closely related discipline. A CPA (K), CIA or CISA qualification is mandatory.
• Membership of ICPAK/ACCA, Institute of Internal Auditors or ISACA is an added advantage.
• Knowledge of information management systems is essential with an excellent understanding of accounting, finance, auditing and business issues in general.

Related Job Experience/Qualifications

• At least 10 years working experience experience five of which are at management level in a large organisation.
• Previous experience as an auditor with a best practices organisation, international audit firm or large organisation is an added advantage.
• In addition possession of risk assessment skills and the ability to plan effectively to ensure adequate coverage of all high and critical risks is essential

Find application details HERE