Position: General Manager – Audit
Department: Audit
Reports To: CEO
Main Purpose:
To provide independent assurance to the Board of Directors, Executive Committee and Management Committee of Econet Telecom Lesotho (including SEFS) on the design and operating effectiveness of controls, implementation and execution of the enterprise’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 organisation’s current material processes, products, services, functions and performance. The incumbent shall execute through comprehensive internal audit processes. This role involves conducting systematic reviews, assessments, and evaluations of the ETL’s financial, operational, and compliance processes, providing strategic recommendations to enhance internal controls, governance, and overall organizational performance.
Major Tasks:
- Audit Planning and Strategy
- Participate in the development and implementation of ETL’s 3 to 5 year business strategy
- Develop the internal audit universe on the basis of ETL’s overall strategic priorities, and mission critical or key processes for each department within ETL
- Periodically update the internal audit universe in line with changes in strategic priorities of ETL
- Develop 3 to 5 year Internal Audit Strategic Plan
- Develop annual internal audit plan based on a companywide risk assessment process
- Define audit objectives and scope for each audit engagement
- Align audit activities with ETL goals and regulatory requirements
- Review and update audit methodologies and strategies
- Audit Execution and Reporting
- Lead and oversee all Internal Audit engagements and projects
- Ensure that audits adhere to the approved Internal Audit Plan and are completed according to established timelines
- Regularly review and implement updates to the Internal Audit Charter and Procedure Manual to align with international best practices and ETL objectives
- Inform Heads of Departments regarding upcoming audits via memoranda, including areas to be reviewed (scope) to ensure readiness and availability of key staff
- Perform risk assessments on each audit engagement to ensure correct attention and appropriate utilization of internal audit resources.
- Review the audit steps prior to field work to ensure that all risk and potential risk areas are addressed based on risk assessment results and with regard to departmental procedure manuals and relevant information from Executive Management
- Supervise the Internal Audit Team to ensure that samples are adequate, audit work is complete and relevant and covers the majority of the assessed risks.
- Recommend means of enhancing internal controls and practices and effectiveness of business processes of all business units.
- Review audit reports and distribute the reports to the Chairperson of the Audit Committee, Executive Management and relevant Senior Management.
- Conduct awareness campaigns to promote understanding and compliance with Internal Audit practices
- Follow up on all previous audit findings and recommendations on a monthly basis to ensure resolution of all control deficiencies.
- Provide assurance on adequacy, efficiency and effectiveness of internal controls
- Evaluate the adequacy, efficiency and effectiveness of risk management and combined assurance processes
- Provide assurance on adequacy, efficiency and effectiveness of governance processes
- Prepare Board Report for quarterly Board meetings and presents report to the Board Audit Committee.
- Leadership Responsibilities:
- Lead, mentor, and develop a high-performing team of internal audit professionals.
- Foster a collaborative and innovative work environment that encourages continuous learning and professional growth
- Continuously evaluate performance of assigned employees and follow up on mismatches
- Manage the unit’s budget and approve expenses
- Direct plans to ensure that department reaches agreed goals and objectives, meets staff on a pre-agreed basis, identifies and agrees key performance areas, key objectives/tasks, and action plans
Educational Qualifications and Related Experience:
- Post Graduate in Accounting or Finance Degree, Certified Internal Auditor, Chartered Accountant, or equivalent. MBA is an added advantage
- 8 to 10 years of experience in Internal Audit, Strategic Management, Risk Management, Financial Management or similar, with approximately 5 years in a managerial position
Knowledge Areas & Competencies:
- Expert knowledge of Corporate Governance, Auditing, and Investigations
- Extensive Knowledge in Risk Management
- Advanced knowledge of operations of a telecom company
- Advanced knowledge of regulatory and policies
- Advanced managerial skills with ability to manage and develop staff
- Advanced ability to identify, communicate and ensure implementation of key strategies and objectives
- Advanced ability to analyze and solve complex problems to achieve the correct outcomes
- Advanced verbal and written communication skills and ability to prepare reports
- Intermediate skills with MS Office Suite (Word, Excel, PowerPoint)
Interested applicants should submit their applications with two reference letters on or before Friday, 19th April 2024.
Candidates who have not been contacted by Friday, 26th April 2024 should consider their applications not successful.