DESCRIPTION
Vacancy announcement for the position of Director of Internal Audit
The African Reinsurance Corporation (Africa Re) is an International Financial
Institution with Headquarters in Lagos (Nigeria). Africa Re has six Regional
Offices in Casablanca (Morocco), Nairobi (Kenya), Abidjan (Côte d’Ivoire), Port
Louis (Mauritius), Lagos (Nigeria) and Cairo (Egypt); a Local Office in Addis
Ababa (Ethiopia) as well as two subsidiary companies: Africa Re South Africa
in Johannesburg (South Africa) and Africa Retakaful in Cairo (Egypt). The
Corporation is owned by 41 member States of the African Union (AU), the
African Development Bank (AfDB), the International Finance Corporation (IFC),
German Investment and Development Corporation (DEG), PROPARCO
(subsidiary of the Agence française de développement), IRB-Brasil Re and 109
African insurance and reinsurance companies.
Africa Re announce the vacancy of the following position: Director of Internal
Audit
Director of Internal Audit
Job TypeFull Time
Qualification BA/BSc/HND MBA/MSc/MA
Location Lagos
Job FieldFinance / Accounting / Audit
I. Job Details
Manage the internal audit activities to ensure it adds value to the
Corporation.
Evaluate and contribute to the improvement of risk management, control,
and governance processes using a systematic and disciplined approach.
Assist the organization in maintaining effective controls by evaluating their
effectiveness and efficiency and by promoting continuous improvement.
Assess and make appropriate recommendations for improving the
governance process in the Corporation.
II. Grade and Duties
The post is an ES 1 grade level.
The duties of the Director of Internal Audit shall comprise amongst others:
Establish risk-based plans to determine the priorities of the internal audit
activities consistent with the Corporation’s goals.
Communicate the internal audit plan and resource requirements, including
significant interim changes, to executive management and to the board for
review and approval.
Ensure that internal audit resources are appropriate, sufficient and
effectively deployed to achieve the approved plan.
Establish policies and procedures to guide the internal audit activity.
Share information and coordinate activities with other internal and external
providers of relevant assurance and consulting services to ensure proper
coverage and minimize duplication of efforts.
Report periodically to the board and executive management on the internal
audit activity’s purpose, authority, responsibility and performance relative to
its plan. Reporting should also include significant risk exposures and control
issues, corporate governance issues and other matters needed or requested
by the board and executive management.
III. Location
The successful candidate shall be based in Lagos (Nigeria).
IV. Main Competencies required for this position
Establish trust and thus provide the basis for reliance on his judgment –
high integrity and a good sense of responsibility.
Exhibit the highest level of professional objectivity in gathering, evaluating,
and communicating information about the activity or process being
examined.
Make a balanced assessment of all the relevant circumstances and should
not be unduly influenced by his own interests or by others in forming
judgments
Respect the value and ownership of information he receives and does not
disclose information without appropriate authority unless there is a legal or
professional obligation to do so.
Apply the knowledge, skills and experience needed in the performance of
internal auditing services.
Exhibit good analytical and reasoning skills.
Capacity for planning.
Exhibit the ability to take initiatives and decision.
V. Qualifications and professional Experience
Applicants shall be holders of:
First university degree plus Masters in relevant field plus 9 years post
qualification relevant qualitative work experience of which 4 must have been
at management level, preferably in an international commercial organization.
OR
First university degree plus 13 years post qualification relevant qualitative
work experience of which 4 must have been at management level,
preferably in an international commercial organization.
Have a sound knowledge of computer tools – word processing,
spreadsheets and presentation.
Relevant professional qualifications in Anglophone countries include ACCA,
CPA, CIA, CISA etc and their equivalents in Francophone countries.
Applicants must be:
Nationals of Member States of Africa Re;
Aged between 35 years at least and 45 years at most;
Fluent in one of the two working languages of the Corporation (French or
English). A good knowledge of both languages will be an added advantage.
VI- Benefits and salary
The successful candidate shall have the following benefits:
Competitive basic remuneration comprising of fixed pay, variable pay,
medical cover, children education subsidy, pension contributions, etc.
Other details to be communicated to selected candidates for interview.
Method of Application
Applications which should comprise a detailed curriculum vitae, a letter of
interest, and a recent passport size photograph (4 x 4) should be sent to:
The Managing Director
African Reinsurance Corporation
Africa Re Building
Plot 1679, Karimu Kotun Street,
Victoria Island,
PMB 12765
Lagos-NIGERIA
Tel: (234–1)2626660-2/ 2663323/618820
Fax: 2626664/2663282
E-mail: vacancy@africa-re.com
Closing date for applications is 31 December 2014.
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