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Internal Audit Manager at CVPeople Tanzania

Job Overview

Internal Audit Manager at CVPeople Tanzania

Internal Audit Manager at CVPeople Tanzania

Internal Audit Manager at CVPeople Tanzania

CVPeople Tanzania | Full time

Internal Audit Manager

Dar es salaam, Tanzania | Posted on 09/23/2023

Job Purpose

Assess and evaluate the effectiveness of internal controls, risk management practices, and compliance with regulatory requirements.

Key Responsibilities

  • Audit Planning: Collaborate with the team and management to develop annual audit plans based on risk assessments, regulatory requirements, and business priorities.
  • Identify key areas to be audited and establish audit objectives and scope.
  • Risk Assessment: Evaluate the effectiveness of the company’s risk management practices.
  • Identify potential risks and assess the adequacy of controls in place to mitigate those risks.
  • Provide recommendations for risk mitigation and improvement of controls.
  • Internal Control Evaluation: Review and evaluate the adequacy and effectiveness of internal controls, including financial, operational, and compliance controls.
  • Identify control weaknesses, gaps, or deficiencies and propose recommendations for improvement.
  • Financial Auditing: Conduct financial audits to ensure accuracy, reliability, and compliance with accounting principles, policies, and regulatory requirements.
  • Review financial statements, general ledger accounts, and supporting documentation. Identify financial irregularities, errors, or fraudulent activities.
  • Operational Auditing: Assess the efficiency and effectiveness of operational processes within the insurance company.
  • Review underwriting, claims, policy administration, and other operational functions. Identify process bottlenecks, inefficiencies, and opportunities for improvement.
  • Compliance Auditing: Evaluate the company’s compliance with relevant laws, regulations, and industry standards.
  • Ensure adherence to internal policies and procedures. Identify non-compliance issues and propose corrective actions.
  • Reporting and Documentation: Prepare detailed audit reports highlighting findings, recommendations, and action plans.
  • Present audit results to management and relevant stakeholders. Maintain comprehensive and accurate audit documentation.
  • Follow-up and Monitoring: Track the implementation of audit recommendations and ensure appropriate action is taken.
  • Monitor progress on remediation efforts and provide periodic updates to management on the status of corrective actions.
  • Stakeholder Collaboration: Collaborate with various stakeholders, including management, department heads, and external auditors.
  • Provide guidance and support on internal control matters. Build relationships and communicate effectively to drive audit initiatives.

Knowledge & Experience

  • Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
  • Relevant professional certification such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or similar.
  • A minimum of 3 years of experience in internal auditing, preferably within the insurance industry.
  • Strong knowledge of insurance operations, regulations, and accounting principles.
  • Familiarity with risk management frameworks and internal control methodologies

General Skills

  • Analytical thinking and problem-solving skills.
  • Excellent attention to detail and the ability to work independently.
  • Effective communication and interpersonal skills.
  • Proficiency in using audit software, data analysis tools, and MS Office applications.
  • Continuous Innovation, Adaptability and Problem-Solving skills.


ALSO READ | CVPeople Tanzania Vacancies, September 2023

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Company Information
  • Total Jobs 255 Jobs
  • Category HR
  • Location Tanzania

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