Senior Internal Auditor job at Local Government Finance Commission
About the Organization
Job Description
Local Government Finance Commission, established under Article 194 of the Constitution of the Republic of Uganda and mandated to advise the President on all matters concerning the distribution of revenue between the Government and local governments and the allocation to each local government of monies out of the Consolidated Fund among others.
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Duties and Responsibilities
Audit Planning and Execution
Audit Planning: Develop audit plans and programs based on risk assessments and organizational priorities.
Fieldwork: Conduct audit fieldwork, including reviewing and analyzing financial records, operational processes, and compliance with policies and regulations.
Documentation: Document audit procedures, findings, and recommendations clearly and comprehensively.
Risk Assessment and Management
Risk Evaluation: Identify and assess risks across various departments and processes.
Control Assessment: Evaluate the effectiveness of internal controls in mitigating risks and ensuring compliance.
Recommendations: Provide recommendations to management for improving controls, risk management practices, and operational efficiency.
Compliance and Governance
Regulatory Compliance: Ensure the organization complies with applicable laws, regulations, and internal policies.
Corporate Governance: Assess the effectiveness of governance processes and recommend improvements.
Ethics and Integrity: Promote ethical practices and ensure adherence to the organization's code of conduct.
Reporting and Communication
Audit Reports: Prepare detailed audit reports summarizing findings, risks, and recommendations.
Management Communication: Communicate audit results to senior management and the audit committee, providing insights and actionable recommendations.
Follow-Up: Conduct follow-up audits to ensure that management has implemented corrective actions.
Continuous Improvement
Process Improvement: Identify opportunities for improving internal audit processes and methodologies.
Best Practices: Stay informed about industry best practices and emerging trends in internal auditing.
Professional Development: Continuously develop auditing skills and knowledge through training and professional certifications.
Team Leadership and Collaboration
Team Supervision: Lead and supervise junior auditors, providing guidance and support.
Collaboration: Work closely with other departments to understand business processes and risks.
Training: Mentor and train junior audit staff to enhance their skills and performance.
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Qualification, Experiences and Competencies
Educational Background: A bachelor's degree in accounting, finance, business administration, or a related field is typically required. A master's degree or relevant professional certification (e.g., Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA)) is highly preferred.
Experience: Extensive experience (typically 5-7 years) in internal auditing, public accounting, or a related field. Prior experience in a senior or supervisory audit role is essential.
Skills and Competencies
Audit Expertise: In-depth knowledge of internal audit standards, practices, and methodologies.
Financial Acumen: Strong understanding of financial principles, accounting standards, and regulatory requirements.
Analytical Skills: Excellent analytical and problem-solving skills to identify risks, evaluate controls, and recommend improvements.
Attention to Detail: High attention to detail and accuracy in audit documentation and reporting.
Communication Skills: Strong verbal and written communication skills, with the ability to present complex information clearly and effectively.
Technical Proficiency: Proficiency in using audit software, data analytics tools, and Microsoft Office applications.
Project Management: Ability to manage multiple audit projects simultaneously, ensuring timely and quality completion.
Personal Attributes
Integrity: Strong ethical standards and integrity in conducting audits and handling sensitive information.
Objectivity: Unbiased and objective approach to evaluating processes and controls.
Critical Thinking: Ability to think critically and independently to identify issues and develop solutions.
Adaptability: Flexibility to adapt to changing audit priorities and organizational needs.
Leadership: Leadership skills to guide and mentor junior audit staff and foster a collaborative audit environment.
How to Apply
The interested applicants should submit hard copies of the application in triplicate specifying the position with a detailed curriculum vitae, cover letter, photocopies of academic certificates, and testimonials or may submit applications through LGFC Email: Igfc@lgfc.go.ug
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