Chief Internal Audit & Assurance Executive (Kenya)

The Chief Internal Audit & Assurance Executive is responsible for leading the internal audit function, ensuring the effectiveness of the internal control environment, risk management, and governance processes within the organization.

Role's Purpose:
This role is pivotal in providing independent, objective assurance and consulting services to enhance the company's operations and ensure compliance with statutory and regulatory requirements in the insurance sector.
 
Key Responsibilities:

• Strategic Leadership:
  
  
  
  • Develop and implement the internal audit strategy in alignment with the company's overall objectives.
  
  
  • Provide strategic guidance on risk management, internal controls, and governance practices to the executive management and the Board.
  
  
  
  


• Audit Planning & Execution:
  
  
  
  • Oversee the development of an annual audit plan, ensuring it covers key risk areas in the organization.
  
  
  • Lead and manage the execution of internal audits, including financial, operational, compliance, and information systems audits.
  
  
  • Ensure that audit procedures are well-documented, and findings are communicated effectively to management and relevant stakeholders.
  
  
  
  


• Risk Management:
  
  
  
  • Identify and assess the key risks facing the organization, including financial, operational, and regulatory risks.
  
  
  • Work closely with the Risk Management team to ensure that risk management practices are integrated into the organization's processes.
  
  
  
  


• Compliance Assurance:
  
  
  
  • Ensure compliance with local regulatory requirements, including those specific to the insurance industry in Kenya.
  
  
  • Monitor changes in legislation and regulations that may affect the company and recommend actions to ensure compliance.
  
  
  
  


• Reporting:
  
  
  
  • Prepare and present comprehensive audit reports to the Audit Committee and Board of Directors, highlighting key findings, risks, and recommendations.
  
  
  • Track the implementation of audit recommendations and report on progress to the relevant stakeholders.
  
  
  
  


• Team Leadership & Development:
  
  
  
  • Lead, mentor, and develop a team of internal auditors, ensuring they have the skills and knowledge necessary to perform their duties effectively.
  
  
  • Foster a culture of continuous improvement and professional development within the audit team.
  
  
  
  


• Stakeholder Engagement:
  
  
  
  • Act as a liaison between the internal audit function and external auditors, regulatory bodies, and other stakeholders.
  
  
  • Build and maintain strong relationships with senior management, providing advisory services on control issues.
  
  
  
  


• Innovation & Continuous Improvement:
  
  
  
  • Stay updated on best practices in internal audit and insurance industry trends.
  
  
  • Introduce new audit tools, techniques, and methodologies to enhance the effectiveness and efficiency of the internal audit function.
  
  
  
  

Required Qualifications:

• Bachelor’s Degree in Finance, Accounting, Business Administration, or a related field.


• Professional certifications such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Chartered Accountant (CA) are required.


• A Master’s Degree in a relevant field would be an added advantage.

Experience:

• At least 10 years of experience in internal audit, risk management, or compliance, with a significant portion of that experience in the insurance industry.


• Proven track record of leading an internal audit function at a senior level.


• In-depth knowledge of Kenyan insurance regulations and international auditing standards.

Skills:

• Strong analytical and problem-solving skills.


• Excellent leadership and team management abilities.


• High level of integrity and ethical standards.


• Exceptional communication and interpersonal skills, with the ability to influence and engage stakeholders at all levels.


• Proficiency in audit software and tools, and familiarity with data analytics in audit processes.

Working Conditions:

• Full-time position based in Kenya.

How to Apply:
If you meet the above requirements, please send your resume DIRECTLY to: [email protected]

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