- Full-time
- Company Location: Avani Lesotho Hotel & Casino
Company Description
Contemporary, relaxed and imaginative. Be it a leisurely family break or romantic escape, AVANI Hotels & Resorts provides the right space for guests who value the details that matter.
Job Description
1. Main Job Objectives
The primary responsibility of the Internal Auditor is the coordination of specific processes to support the implementation and execution of the audit plan, monitoring compliance, preparing and presenting audit findings and recommendations and providing assurance of compliance to statutory requirements and policies and procedures. He/she will be required to bring subject matter expertise to the audits and/or risk assessments they are responsible for implementing.
Conducts internal financial, operational, and/or system audits and risk assessments. Performs audit procedures on financial and computer system records to ensure information system integrity and transaction validity, accuracy and completeness and reports discrepancies. Assists in preparing audit plans and understands the specific issues to be evaluated. Prepares formal written reports to communicate audit results to management and makes recommendations as appropriate. Requires audit knowledge and skills in finance/accounting and/or information system operations.
2. Main Duties and Responsibility
- Obtain sufficient background information and knowledge, understanding of overall business process, and identification of key risks to properly plan and complete field work
- Evaluate the adequacy and effectiveness of the management controls
- Evaluate compliance with internal policies, processes and procedures
- Evaluate the risk management and compliance functions
- Plan and execute audits in accordance and compliance with standards. Develop an annual audit and risk plan for approval by Audit, Finance and Risk sub-committee
- Provide clear and sufficient audit evidence to support recommendations and audit assessment
- Conducts regular follow-up exercises to review status of agreed actions (with reporting to Finance, Audit and Risk Committee) to provide assurance or an updated status on the implementation of the agreed actions.
- Maintains professional standards of work, keeps current with Internal Audit best practices and uses own professional judgment as and when required.
- Identify opportunities to improve internal controls
- Identify and clearly articulate the root causes of issues identified and impact thereof, and recommend changes to business processes that will address the control weaknesses
- Verify all asset and stock counts on a monthly basis
- Prepare quarterly reports and present findings of audits to the finance audit and risk committee
- Remain current with best practice and legislation and related business operational processes to enable analyses and review of a variety of risk and compliance areas
- Maintain the risk register on a monthly basis and present any proposed recommendations to the finance audit and risk committee
- Conduct a monthly audit of all time and attendance and payroll processes and systems
- Submit audit plan progress reports to the Finance, Audit and Risk sub-committee per reporting schedule
- Formulate annual budget for audit function
- Undertakes ad hoc audit assignments per requests from the General Manager and the Finance, Audit and Risk sub-committee
Qualifications
- Certified Internal Auditor (CIA), Chartered Accountant (CA), Chartered Management Accountant (CIMA), Internal Auditing or other equivalent qualification towards a recognised accounting qualification
- Proficient with Microsoft Office Suite or related software to prepare reports and policies
- Thorough understanding of policies and best practices of risk management
- Problem-solving
- Project Management
- 5 + years auditing experience
- Work according to strict procedures and policies in respect of Group approved accounting standards
- Demonstrable analytical and reasoning skills.
- Ability to interpret complex processes, policies and financial and legal documents