Internal Auditor Job – Lifelink Hospital

OVERALL JOB PURPOSE

As an Internal Auditor, your overall purpose is to test the adequacy and effectiveness of the internal control systems in mitigating risks facing the organization.

JOB REQUIREMENTS

• Bachelor’s degree in Finance, Accounting, Commerce or related discipline from a recognized university.
• Professional accounting qualification completed (ACCA, CPA)
• Certification in any of the following: Certified Internal Auditor (CIA) or Certified Information System Auditor (CISA) will be an added advantage
• Full membership of the Institute of Certified Public Accountants of Uganda (ICPAU)
• A minimum of 5 years’ experience of internal or external audit with a reputable organization of which at least 3 years must be as Manager or at a Supervisory level;
• Experience in auditing medical facilities is desired. Working exposure with a reputable audit firm will be added advantage

CORE COMPETENCIES

• Broad knowledge and understanding of current internal audit legislation with the ability to maintain up to date knowledge and sharing developments with management.
• Exposure and experience using and implementing audit procedures, including planning, techniques, test and sampling methods.
• Strong knowledge of finance and financial and management accounting
• Knowledge of computerized accounting and audit record keeping systems
• Knowledge of the principles, procedures and practices of accounting, financial records and transactions.
• Thorough understanding of auditing standards, audit procedures, including risk driven audit planning techniques and methods
• Ability to accurately prepare audit findings reports for presentation to the board and management
• Risk identification, assessment and prioritization
• Ability to demonstrate and maintain effective working relationships both internally and externally.
• Ability to achieve an appropriate balance between the independence of the internal auditor’s role with the need to work collaboratively with management for the betterment of the organization.
• Excellent verbal, written and presentation skills
• An excellent communicator, able to provide technical support in a strategic and collaborative manner
• Ability to work under minimum supervision (work autonomously, plan and prioritize own workload)
• Good analytical skills and attention to detail
• Demonstrate excellent interpersonal communication skills, particularly in communicating technical information to a non-technical audience.
• Possess strong coaching skills.
• Concern for Quality and Standards
• High level of Integrity
• Good time management
• Ability to apply sound judgement, think creatively and find effective solutions to complex problems.
• Ability to work under minimum supervision (work autonomously, plan and prioritize own workload)

SPECIFIC JOB RESPONSIBILITIES

STRATEGIC DIRECTION

• To provide strategic audit planning to LifeLink Management
• To ensure that the internal control systems are evaluated for effectiveness on a continuous basis

STAKEHOLDER MANAGEMENT

• Assess management’s and Board’s level of compliance with various contracts/ agreements; and LifeLink’s policies and procedures.

PROCESS MANAGEMENT

• Make recommendations on the systems, processes, operations and procedures reviewed; follow up agreed actions with management.
• Conduct regular follow up of all open internal and external audit findings to ensure implementation by LifeLink management.
• Draft audit work plans and programs; and discuss with the Board and Medical Director in preparation for audits that span all major LifeLink business processes.
• Conduct value for money audits at all Lifelink facilities. Provide recommendations on how economy, effectiveness and efficiency can be improved for better use of resources.
• Assess the entity’s IT Systems including the design and operating effectiveness of the automated, IT dependent manual controls and the effectiveness of the IT General Controls.
• Conduct financial, regulatory, operational reviews and compliance testing of policies and procedures to establish reliability and integrity of financial and operating information.
• Prepare and retain comprehensive audit working papers for all key audit and compliance processes.
• Prepare and submit timely Internal Audit reports to the LifeLink Board highlighting work done, findings and relevant recommendations.
• Investigate occurrences of indiscipline, fraud, embezzlement, waste and bring such occurrences to the attention of the Board.

SUPPORT TO STAFF & OTHER MANAGERS

• Work with the management team to incorporate capacity building for staff in audit processes when gaps in compliance are identified.

RISK MANAGEMENT

• Analyze risks in relation to each process reviewed and test the effectiveness of the control design and whether the controls are operating effectively.
• Advise and guide the directors on areas that require risk management and control (participate in generating and maintaining an updated risk register

COMPLIANCE

• Assist all departments to ensure compliance to LifeLink policies and procedures
• Ensure that all LifeLink policies and procedures are in compliance with relevant legislation

COMMUNICATION AND RELATIONS

• Keep the Directors aware of all key audit developments.
• Maintain healthy relationships with management, staff and stakeholders.
• Facilitate top-down communication with the purpose of implementation of Life Link audit strategies and bottom-up communication with the purpose of informing strategy.

REPORTING

• Management reports on internal controls
• Monthly internal audit reports
• Prepare operational and risk assessment reports for management analysis.
• Monthly update on Internal Audit Plan
• Monthly update on internal audit activities
• Monthly Audit function performance reports
• Quarterly Audit Goals
• Up to date Risk Register
• Operational Budgets
• Internal Controls and SOPs Manual
• Internal Audit Manual- Updated
• Incident reports (Audit function)

KEY RESULT INDICATORS

Systems & Processes

• Schedule of internal audits by department
• Annual Audit plan
• Monthly departmental audit analysis reports

Quality Assurance

• Internal Audit Manual
• SOPs Manual
• Departmental Audit Reports

Communication and Relations

• Effectiveness of top-down and bottom-up communication
• Interpersonal relationship management/ teamwork.

Cost savings generated by implementing internal audit recommendations.

• Audit recommendations implemented by taking corrective action.
• Changes to processes resulting from implementing internal audit recommendations
• Internal and external quality assessments.
• Percentage of audits completed versus those planned.
• Timely delivery of IA overall opinion on financial management at LifeLink

Minimized exposure to unexpected risk

• Percentage of departments undergoing annual risk assessments.
• Percentage of departments for which the company has a risk management strategy.
• Percentage of departments with ongoing risk assessments.
• Percentage of managers and heads of department trained to assess their own risk.
• Percentage of departments with a pre-determined risk threshold to trigger audits.

Minimized financial loss due to fraud

• Amount lost to fraud detected from financial compliance audits.
• Amount lost to fraud detected by internal audit (IA) through data mining and data extraction.
• Amount unaccounted for through revenue reconciliation and operating expenses.
• Percentage of employees who receive ethics compliance training.
• Number of fraudulent activities discovered.

How to Apply

NB: Only shortlisted candidates will be contacted. Any form of canvassing will leadf to automatic disqualification.