Chief auditor provides independent assurance to the Managing Director and senior management on the design and operating effectiveness of controls, implementation and execution of the company's core business processes and risk management framework (including risk profile, risk appetite, and compliance practices) by assessing the risk, including emerging risks and top risks associated with the organization’s current material processes, product lines, services, and functions.

SPECIFIC DUTIES AND RESPONSIBILITIES:  

Job Responsibility

#1: Planning and management

• Prepare annual audit plan based on organizational level risk assessment and in consultation departments and the CEO on priorities.

• Plan and execute all aspects of audit activities including risk assessments, audit planning, audit testing, control evaluation, audit reporting, work paper documentation, and verification of issue / action plan closures.

• Plan for manpower requirements; initiate programs for enhancement of the internal audit function.

• Develop and execute a risk-based operational audit plan, including tracking audit findings through to remediation assessing impact of findings on internal control environment and impact, if any, on financial statements

• Stay up to date with evolving accounting, regulatory and market developments impacting the company. 

• Facilitate the annual organizational level risk assessment exercise.

• Monitor compliances to the International Financial Reporting Standards.

• Monitor compliances to the tax and related laws.

• Develop internal audit manual; regularly update the manual to accommodate changes in operations and developments in internal audit profession; Implement when approved by the CEO.

• Put in place effective internal control system and adequate procedures and guidelines to ensure safeguarding company assets, efficiency and economy in operations and compliance with Company and government regulations;

• Improve implementation of internal control objectives by evaluating the

• adequacy of internal controls and their effectiveness;

• Verify the existence of Company’s assets and ensure that proper safeguards are maintained to protect them from loss;

• Determine the level of compliance with company policies and procedures;

• Determine the effectiveness and efficiency of work units in accomplishing their mission and identify operational opportunities for cost savings and revenue enhancements; 

• Accelerate achievement of objectives by determining if the objectives are understood at all levels within the Company and the degree of effective execution of assigned responsibilities;

• Provide advisory services in the manner that will not compromise his/her independence;

• Follow-up and ensure that the recommendations of internal and external auditors are implemented and give feedback to management as appropriate;

• Devise plans to test systems periodically; evaluate the results of tests in terms of risks to the Company and provide recommendations for improving systems; 

Job Responsibility #2: Reporting

• Provide timely and effective communication of audit results and the status of outstanding issues to management and the Audit Committee.

Job Responsibility #3: Others

• Perform any other duties as and when required by the CEO that are reasonably within the capabilities of the incumbent and are aimed at achieving the company’s objectives and goals.

• Managing the audit team so it is resourced with appropriately skilled personnel

DEPARTMENT: CEO Office  

REPORTS TO: CEO

Job Requirements

QUALIFICATIONS 

EDUCATION/TRAINING

• Minimum of Bachelor's degree in accounting or related field plus professional certification – IIA, CPA or ACCA

EXPERIENCE

• 8 years’ of related experience OR Master’s degree and 6 years’ of related experience 

KEY COMPETENCIES (Skills & knowledge) 

• Deep knowledge of internal audit standards, accounting procedures; 

• Working knowledge of contemporary databases and networks;

• Excellent understanding of the Ethiopian tax laws

• Excellent  communication and presentation skill;

• Accuracy and attention to detail;

• Ability to analyze & solve problem;

• Ability to question assumptions and anticipate issues before they arise

• Mature, self-motivated and enthusiastic, with strong business-focused performance discipline

• Excellent interpersonal skills to deal effectively with staff, Senior Management, the Audit Committee, and external auditors

• Maintain or enhance professional development

• Ability to act in professional and ethical manner;

• Proficient in computer applications.

How to Apply

Submit your application via email: bamaconplc@gmail.com or in person to BamaCon HR office 3rd floor, located around Wellosefer behind Garad Building. For further information contact Tel. +251911514811