Internal Auditor

Job Purpose: This position is responsible for leading and managing the internal audit function, evaluating the effectiveness of internal controls, and providing recommendations to enhance organizational efficiency, compliance, and risk management.

For Appointment to this position, the applicant must have:

Qualifications and Professional Requirements:

a) Bachelor of Commerce degree (Accounting/Finance option) or its equivalent qualification from a recognized institution.
b) A minimum of ten (10) years relevant work experience, six (6) years of which should have been at a senior management position.
c) Certified Public Accountants (CPA- K) qualification or its equivalent qualification from a recognized institution.
d) Registration by the Institute of Internal Auditors or Institute of Certified Public Accountants of Kenya (ICPAK).
e) Management course lasting not less than four (4) weeks from a recognized institution;
f) In-depth knowledge of auditing standards, procedures, and techniques.
g) Registration with relevant Professional/ Regulatory Body.
h) Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya, 2010.
i) Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA); or Certified Fraud Examiner (CFE) certifications will be an added advantage.

Competencies and Skills

i. Ability to analyze complex data sets and identify key insights to inform decision-making.
ii. Demonstrable problem identification and solving skills
iii. Proficiency in the use of auditing software and data analytics tools
iv. High level of integrity and ethical conduct
v. Leadership and team management abilities
vi. Attention to detail and accuracy

Duties and Responsibilities

i. Develop and execute an annual audit plan that covers all critical areas of the hospital’s operations.
ii. Conduct risk assessments to identify potential areas of concern and develop strategies to mitigate risks.
iii. Perform financial, operational, and compliance audits to assess the accuracy and reliability of financial and operational information.
iv. Evaluate the effectiveness of internal controls and make recommendations for improvements.
v. Review and analyze financial statements, budgets, and financial performance to identify anomalies or irregularities.
vi. Investigate and report on suspected fraud or unethical conduct within the organization.
vii. Ensure compliance with relevant laws, regulations, and industry standards.
viii. Lead and mentor the internal audit team, providing guidance and support to enhance their skills and performance.
ix. Prepare comprehensive audit reports with findings, recommendations, and action plans for management and the board.
x. Monitor the implementation of audit recommendations and follow up on corrective actions.
xi. Provide regular updates and reports to the Audit Committee and senior management.
xii. Collaborate with external auditors and regulatory bodies as necessary.
xiii. Stay current with industry best practices and changes in regulations that may impact the organization.