OVERVIEW

DEPARTMENT: Internal Audit

REPORTS TO: Board of Directors / Audit Sub Committee

WORKS WITH: Chief Executive Officer / All Departments and Units

OBJECTIVE

To assess and report on the extent of compliance with laid down policies and procedures and to ensure that financial transactions are properly accounted for and report to the Board and Management on weaknesses in operational procedures and control systems.

KEY RESULT AREAS

• Design and review of the internal control system
• Report on the adequacy of systems, financial and operational procedures
• Proper documentation at departments and units
• Adequacy of security, safety and convenience of the working environment
• Preparation of Departmental Budgets

DUTIES AND RESPONSIBILITIES

• Ascertain the effectiveness of established policies and procedures and make recommendations for improvement
• Review established policies and procedures (Risk, Operations, Audit, Governance, AML/CFT etc.) and ensure compliance
• Review operations on a monthly/quarterly basis and recommend changes to Management.
• Review books and records of departments and units
• Review the filing and documentation system of the departments and units
• Report on the adequacy of systems and operational procedures
• Investigate and report frauds and irregularities at the instance of management
• Institute effective and efficient system of internal controls to safeguard the financial, material and other assets of the company
• Pre-auditing of all disbursements to ensure that all conditions of loan approvals are adhered to.
• Review & Check daily cash/cheque and agree with the cash register.
• Review of monthly bank reconciliation Statements
• Ensure the company is Risk Compliant

QUALIFICATIONS AND PERSONNEL SPECIFICATIONS

Knowledge and skills include:

• Master’s degree in Accounting / Finance plus part-qualified membership of a recognized Professional Accountancy body i.e ICA (GH), ACCA (UK), CIMA (UK) with two (2) years post-qualification relevant experience. OR

• First degree in Accounting / Finance plus part-qualified membership of a recognized Professional Accountancy body i.e ICA (GH), ACCA (UK), CIMA (UK) with three (3) years post-qualification relevant experience. AND

• Working knowledge of the functions of other Departments/ Branches and their inter-relationships
• Computer literacy skills including Computer Auditing
• Relevant Management Development Courses

Work-based competencies;

• Knowledge in Financial and Human Resource Management
• Good analytical skills and judgment
• Good written and oral communication skills
• Computer literacy skills

Behavioural Competencies

• Ability to promote teamwork
• Exhibition of a high sense of integrity
• High level of commitment and professionalism
• High level of maturity