Internal Audit Head

Job Description : INTERNAL AUDIT HEAD TANZANIA Chartered Accountant with 15 to 18 yrs experience in Internal Audit. Candidates from Audit firms preferred: Experience in auditing across multiple industries Proven experience in establishing and leading an internal audit function 1. Establish and Lead the Internal Audit Department: - Develop the framework, policies, and procedures for the Internal Audit Department from the ground up. - Create an audit charter, defining the department's purpose, authority, and responsibilities. - Design and implement audit methodologies, tools, systems and practices that align with industry best practices. 2. Audit Planning and Execution: - Develop a comprehensive annual audit plan covering all subsidiaries and associates in diverse sectors - Conduct risk assessments to identify key areas for audit focus. - Lead the execution of audits, including financial, operational, and compliance audits, across all units, ensuring audits are completed on time and within scope. - Evaluate the effectiveness of internal controls, risk management, and governance processes. 3. Reporting and Recommendations: - Prepare detailed audit reports with findings, risks, and recommendations for improvement. - Present audit results and recommendations to the Board of Directors. - Follow up on the implementation of audit recommendations and report on progress. 4. Billing and Resource Management: - Implement a time-tracking system to monitor audit hours spent on each unit. - Prepare and manage billing for audit services rendered to each subsidiary based on time spent during the year. - Manage the department's budget and resources effectively. 5. Team Development and Management: - Recruit, train, and mentor a team of local Tanzanian audit professionals. - Develop team members' skills through continuous training and professional development programs. - Foster a collaborative and high-performance work environment. 6. Compliance and Standards: - Ensure that all audits are conducted in accordance with local and international auditing standards. - Stay updated on changes in regulatory requirements and ensure the audit department complies with all relevant laws and regulations. 7. Stakeholder Management: - Build strong relationships with management and stakeholders across all units. - Act as a trusted advisor to management on internal controls, risk management, and governance. 8. Continuous Improvement: - Continuously evaluate and improve the internal audit process to enhance efficiency and effectiveness. - Introduce new audit techniques, technologies, and best practices to the department.

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