Internal Audit Executive At Intersect Consortium
full-time
Job Summary:
We are seeking a dedicated and experienced Internal Audit Executive to join our team.
The ideal candidate will support the organization in managing the audit functions of a growing group of companies operating primarily in the healthcare and wellbeing sector.
The Internal Audit Executive will help our organisation achieve its objectives by evaluating the effectiveness of governance, risk management, and set up internal control arrangements, as well as playing a key role in promoting good corporate governance in the organisation.
Responsibilities
Plans financial, regulatory, compliance or operational reviews/audits.
Coordinates work with Risk, Legal & Compliance and other control-related activities and with others within Internal Audit.
Conducts financial risk assessments and identifies controls in place to mitigate identified risks.
Ensures daily compliance on the internal and financial policies of the facility
Do a daily call-over on all expenses across all organisations and ensure that all postings are correctly done.
Takes routine stock checks and verifies that records in the bin cards show true representation of stock on the ground.
Ensure that costs are not over stated on all expenses.
Ensure compliance on all regulatory policies.
Ensure that the internal control system is in place so as to control loss, theft and risk in the facility.
Identify any internal control gap and recommend measures for its improvement.
Report to management all risk issues in accordance with auditing standards.
Review the final accounts prepared by the accountant before the external audit reviews the account.
Advises management on any internal control issue.
Performs audit procedures to verify that controls are operating through testing and interviewing techniques.
Analyses and concludes on the effectiveness and efficiency of the control environment.
Identifies control gaps and opportunities for improvement.
Documents the results of audit work in accordance with audit department and the Institute of Internal Auditors (IIA) standards.
Prepares timely audit reports for executive management, the Audit Committee and the Board of Directors.
Assesses, evaluates, and promotes compliance to internal policies.
Contributes, as appropriate, in the year-end financial audit with the external auditor.
Provides advice on internal control and participates in enhancing internal audit standards and practices within Synapse
Researches new or technical subjects when required to support audits (e.g., OSFI Guidelines, market risk, financial instruments, etc.)
Provide feedback on Accounting Procedures
Competencies/Attributes:
Contributes to High Performing Teams - May include supervision of Accountant and account assistant on projects to follow, sound internal control practices and to manage financial risks appropriately.
Acts as a Team Player - Collaborate and support colleagues and peers across the organisation, while still being able to work independently when needed.
Results Oriented - Meet deadlines on assignments, juggle multiple demands and to work with all types of individuals up to and including the CEO.
Entrepreneurial
Committed to Self-Development Requirements:
Strong knowledge of healthcare financial business operations and risk-based auditing attained through 3 to 5 years of progressive work experience with a focus on financial risk and regulatory requirements.
Good understanding of the standards of the Institute of Internal Auditors (IIA) and ability to fully comply with IIA standards
Ability to manage projects and, when required, work with the accountant to follow sound internal control practices and to manage risks appropriately.
Strong skills in negotiating, relationship building, problem solving, and timely problem escalation.
Deliverables / Key Performance Indicator
Monthly Report/ Advise on Return on investment.
Continuous audit tests and their results Monthly.
Good number of managements agreed actions outstanding, putting emphasis on any overdue actions. This is related to the financial advice rendered by the internal auditor.
Policy and procedure breaches reported in the period: Weekly Report.
Emerging risk discovery: forensic auditing. Monthly Review.
Status of compliance test completion and report of any failures with their remediation plans.
Monthly Rich content of audit report based on proper research and analysis.
Above all, customer satisfaction without compromising on objectivity.
Completed audit plans per year or period.
Business or revenue enhancement opportunities were identified and proposed as cost-saving strategies.
Requirements/Qualification
B.Sc. Business Administration or Accounting.
Minimum of 5 years of proven work experience.
Good knowledge of economic and accounting principles and practices, analysis, and reporting of financial data.
Direct experience in audit and compliance is required. Good knowledge in auditing and accounting practices.
Certified with either or more than one of ACCA/ICAN / ACA / CIA / CISA.
Other relevant certifications associated with the job position.
Strong communication, interpersonal, and influencing skills; ability to negotiate at all levels.