Internal Audit Manager at Britam Insurance | April 2024

Job purpose & Key Responsibilities

Job Purpose:

Responsible for coordinating audits in Britam Tanzania.

Role holder will also be responsible for planning and conducting audits to evaluate the effectiveness of internal controls based on an approved annual risk-based audit plan in line with regulatory and supervisory requirements and expectations.  

Key Responsibilities:

1. Ensure detailed audit programmes based on the documented procedures and best practices are developed, for each identified audit project, giving special attention to potential risk areas;
2.    Prepare and present reports to management and the Board Audit & Risk Committee clearly describing the key findings and practical recommendations for improvements;
3. Coordinate the implementation of internal audit strategies, policies and procedures;
4. Facilitate branch audits to ensure operations are in line with the Britam Tanzania policies;
5.  Verify documentation and review of existing accounting, administrative and internal control systems and make the appropriate recommendations for improvement. This covers the Company’s operations and calls for thorough understanding of all operations;
6. Formulate and implement Internal Audit policies and procedure manuals;
7. Ensure detailed audit tests are performed on all the Company’s operations based on Standard audit programmes and in accordance with the approved annual audit plan. This includes recommendations to improve efficiency. The job holder may change the scope of the audit in consultation with the group Head of Internal Audit, if actual circumstances in the field so demand;
8. Maintain adequate and properly documented audits performed and evidence in the Internal Audit systems;
9.  Assess the Audited department’s primary operational and financial risks and develop strategies to manage these areas;
10.  Work with the different stakeholders and where applicable, provide feedback to staff on performance of each audit assignment;
11. Develop and implement the performance management plan and cycle for team members, where applicable, as provisioned by HR;
12. Where applicable, schedule and assign work to the audit team estimating resource needs;
13.  Verify compliance with all the relevant legislation and regulatory requirements. This calls for regular updates with all the relevant legislation and statutory requirements affecting Britam Tanzania; 
14. Attend and participate in the Management meetings to enhance understanding of Britam Tanzania’s Operations; and
15. Deliver on performance requirements ass defined in the departments strategy map, balanced score card and Personal Score card.

Knowledge, experience and qualifications required

Knowledge, experience and qualifications required

1. Bachelor’s Degree in Finance, Accounting or a related field; 
2. MBA is an added advantage.
3. Professional qualification e.g. CPA (T), ACCA, CISA. CFA or equivalent
4. 7-10 years’ experience in a similar position; 4-5 of which should be in a managerial capacity in a busy environment.

Technical/ Functional competencies

1. Knowledge of internal audit procedure
2. Report writing-ability to develop reports 
3. Decision making –ability to make strategic decisions in a timely and effective manner 
4. High moral and ethical standing
5.   Highly Motivated

Primary Location : Tanzania, United Republic of-Dar es Salaam-Dar es Salaam

Organization : Britam Insurance Tanzania Limited

Job Type : Permanent

Shift : Day Job

Contract Type : Full-time

Job Posting : 12-04-2024

Unposting Date : 22-04-2024

Number of Openings :  1