Tire World Ltd, East Africa’s leading automotive parts and tyres distributor, offers a unique opportunity for an Internal Auditor to make a significant impact. The company distributes renowned brands such as Maxxis Tyres, CST Tyres, Eurol Lubricants, Corghi Garage Equipment, and Veltrio auto glass.
The Internal Auditor is responsible for executing full-scope financial and operational audit responsibilities across the organization. This role focuses on ensuring operational effectiveness, financial reliability, and comprehensive compliance with all applicable directives and regulations.
Scope of Responsibilities
The job holder will manage the full scope of financial and operational audits, including planning, budgeting, resource allocation, risk assessments, value-for-money reviews, audit and review of working procedures, report writing, and audit follow-up. Key aspects also include compliance reviews, investigations, assurance, and risk management.
Duties & Responsibilities
- Objectively review the organization's business processes.
- Obtain, analyze, and evaluate accounting processes, documentation, and data.
- Reconcile documentation with actual inventory or assets to ascertain accuracy.
- Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.
- Challenge current processes across the company and identify opportunities for refinement.
- Evaluate the efficacy of risk management procedures that are currently in place.
- Assess best financial practices for the organization and make relevant, informed suggestions.
- Identify loopholes and recommend risk aversion measures and cost savings. Make recommendations on how to improve internal controls and governance processes.
- Prepare and present reports that reflect audit results and document processes.
- Ensure that the organization is complying with relevant laws and statutes.
- Protect against fraud and theft of the organization's assets.
- Support the development of an assurance planning reporting process.
- Act as an objective source of independent advice to ensure validity, legality, and goal achievement.
- Maintain open communication with management and the audit committee.
- Engage in remediation of identified issues through follow-ups.
- Conduct follow-up audits to monitor management’s interventions.
- Engage in continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques, and performance standards.
Qualifications and Experience
- Qualification: BA/BSc/HND in a relevant field.
- Experience: Demonstrated ability to manage full scope financial and operational audit responsibilities, including expertise in compliance reviews, investigations, assurance, and risk management.
