Job Description
About the Role
The Head of Internal Audit position is a critical role that requires strong analytical skills, attention to detail, and effective communication with stakeholders at all levels. As the head of internal audit for our FMCG company based in Johannesburg, you will be responsible for developing and implementing a comprehensive internal audit program, leading a team of internal auditors, and assessing the effectiveness of our internal controls, risk management, and governance processes.
Key Responsibilities
- Develop and execute a risk-based internal audit plan that aligns with the company’s strategic objectives and regulatory requirements.
- Lead and manage a team of internal auditors, including hiring, training, and performance management.
- Conduct compliance audits to assess the effectiveness of internal controls, policies, and procedures.
- Identify areas of potential risk and provide recommendations for improvement to management.
- Monitor and assess the company’s risk management framework, ensuring compliance with relevant regulations and industry standards.
- Collaborate with various departments to ensure internal controls and processes are effectively implemented and maintained.
- Perform periodic audits of financial statements and financial systems to ensure accuracy and integrity.
- Stay updated on emerging trends, best practices, and regulatory changes in the field of internal audit.
- Prepare detailed audit reports and presentations for executive leadership, highlighting findings, recommendations, and areas of improvement.
- Assist in the development and implementation of training programs for staff in regards to internal controls, risk management, and compliance.
Requirements
- Bachelor’s degree in accounting, finance, or related field
- 10+ years experience in auditing, with at least 5 years in a managerial role
- CIA, CPA, or other professional certification preferred
Qualifications
No qualifications mentioned in the original job description.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Auditing Jobs in Gauteng
In Gauteng, South Africa, the auditing industry is generally thriving, with a high demand for skilled professionals to ensure financial accuracy and compliance. The sector is often influenced by economic trends, such as growth in industries like finance, technology, and manufacturing, which can create opportunities for auditors. As a result, job seekers in this field can expect a competitive market with a range of career options.
Typically, auditors in Gauteng can expect to earn salaries ranging from R400 000 to R700 000 per annum, although these figures can vary widely depending on factors such as experience, company size, and industry sector. For example, senior-level auditors or those working in large corporations may command higher salaries, while entry-level positions or smaller firms may offer more modest compensation. It’s essential to note that these are broad estimates, and actual salaries can differ significantly based on individual circumstances.
Common skills for auditing professionals in Gauteng include technical knowledge of accounting standards, analytical and problem-solving abilities, effective communication and interpersonal skills, attention to detail, and the ability to work under pressure. Other important skills often required for this role include proficiency in software applications such as Excel, Access, or ERP systems, and a strong understanding of financial reporting and regulatory requirements.
The auditing industry is commonly found in sectors like financial services, technology, manufacturing, and public sector organisations. These industries often require auditors to ensure compliance with laws and regulations, manage financial risks, and provide assurance on financial statements. Other industries, such as construction or agriculture, may also employ auditors to assess their financial performance and internal controls.
Career development opportunities for auditors in Gauteng are often focused on professional certification, such as the Certified Public Accountant (CPA) designation, or obtaining specialized certifications like the Certified Internal Auditor (CIA). Many firms also offer training programs and mentorship initiatives to help employees advance their careers. With experience and additional qualifications, auditors can move into senior roles, start their own practices, or transition into related fields like forensic accounting or management consulting.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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