Job Purpose:
Responsible to the Chairman for directing a comprehensive program of internal auditing on all INDEX Holding’s member companies’ operations, planning and conducting financial, operational, and compliance audits to determine the adequacy of the holding’s systems of internal control and the degree of compliance with these controls; the economy, efficiency, and effectiveness of financial and administrative management; the degree of compliance with institutional policies and procedures as well as local laws and regulations; conducting special investigations as requested, and making recommendations for improved controls, operating procedures, accounting records, and systems designs; performing administrative and budgetary functions within the Unit of Internal Audit; interacting with high-level officers of the institution on matters of policies and procedures; and performing other related duties as assigned in line with INDEX Holding’s strategic plan, vision, mission, values goals and objectives.
MAIN RESPONSIBILITI DUTIES:
Work with the Director of Finance and Administration to plan and organize the activities of the internal audit unit this to include:
§ Developing policies and procedures for the unit.
§ Designing an annual audit plan or program to assess the effectiveness, efficiency and compliance of the various operations.
§ Scheduling and assigning work to meet set scheduled dates.
§ Estimating resource needs.
· Develop and update audit programs and checklists; plan and monitor audit work schedules; and develop and recommend implementation of processes, forms, systems, and procedures to carry out responsibilities and accomplish goals based on principles of best practices.
· Perform audits as per the scheduled annual audit plan and as per the set standards in all areas of the Member Companies of INDEX Holding.
· Identify and analyze causes of practices leading to inefficiencies in the performance of the companies.
· Assess alternatives based on best practices which yield the desired results.
· Present and report to the Chairman the findings and make recommendations based on best practices via standard reporting techniques, to resolve audit findings requiring corrective action.
· Follow up and monitor the progress of implementation of recommendations as approved by the Chairman as a result of the audit reports ensuring adequacy and timeliness of correction within the various departments and companies.
· Initiate, conduct and review year-end inventory balances at the various companies as well as occasional unannounced inventory audits.
· Perform other related duties as assigned.
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