Senior Internal Auditor(Fixed Term Contract) X 3
Listing reference: petro_000109
Listing status: Closed
Apply by: 6 August 2023
Position Summary
Industry: Chemical, Petrochemical, Oil & Gas
Job category: Accounting, Auditing
Location: Western Cape
Contract: Fixed Term Contract
Remuneration: Market Related
EE position: No
Job Description
Job Purpose: Plan, supervise and conduct internal audits, coach, and review the work of subordinates on audits to provide assurance on the adequacy and effectiveness of risk management, governance, and control processes within PetroSA and provide consulting services to the business in line with best practice.
Responsibilities:
- Arrange and conduct initial meetings with clients to confirm the audit universe and divisional risks to provide input into the development of the Corporate Annual Audit Plan to ensure that the organisation’s risks are adequately covered.
- Assist the Client Manager to allocate resources and plan duration of engagements as per the Audit Plan to provide assurance to stakeholders.
- Plan, supervise and execute audit assignments based on the approved annual internal audit plan to ensure adequate coverage of the identified organisational risks and according to the PetroSA internal audit methodology and IPPF.
- Supervise, monitor, and execute audits within the budgeted time to provide assurance to Senior management and the Board regarding the adequacy and effectiveness of the Governance, Risk Management and control processes.
- Review, follow-up, and track management corrective actions and report the results of the review to management to ensure action plans are effective and implemented timeously.
- Provide consulting services regarding specific business requests to assist in the analysis or improvement of internal business controls, governance, and risk management processes.
- Provide input into the preparation of quarterly reports to the Board Audit Committee and EXCO, to highlight significant engagement observations and recommendations and significant deviations from the approved engagement work schedules and staffing plans.
- Provide value add services when conducting audits, doing follow-up, and delivering consulting services to provide assurance that adequate and effective governance, internal control and risk management processes are being implemented.
- Provide direction, supervision and review the work performed by internal auditors on each auditing/consultancy assignment, assess performance of auditors and provide performance feedback to ensure Internal Auditors are appropriately motivated and trained to carry out their responsibilities to the required standards and able to complete their work on time.
Minimum Requirements
Minimum Qualifications:
- Advanced Diploma (NQF Level 7)/Bachelor's Degree in Accounting/Finance/Auditing or National Diploma in Internal Auditing AND a CIA
Minimum Experience:
- 5 – 7 years auditing experience (at least 3 years in internal auditing), through Public Accounting/Auditing firm and/or industry experience
Knowledge & Competencies:
- Accounting principles (GAAP)
- Auditing standards (GAAS)
- IT auditing
- BBBEE Codes; Labour Relations Act; Employment Equity Act; Basic Conditions of Employment Act.
- Trade legislation and regulations
- Public Finance Management Act
- Oil and Gas (Petrochemical Industry)
- Income tax and SARS regulations
Appointment to this position will be for a period of six (6) months with an option to extend for another six (6) months.
NB: As part of our recruitment process, candidates will be required to undergo Vetting/Security clearance.
PetroSA is committed to Equality, Employment Equity, and Diversity regarding employment opportunities and accordingly preference will be given to historically disadvantaged groups.