JOB DETAILS:

Position Overview: The Internal Auditor will be responsible for overseeing and leading the internal audit department at King Ceasor University. The role requires a strategic leader with a deep understanding of Higher education operations, financial integrity and operational efficiency, financial controls, and risk management practices

Key Responsibilities:

1. Leadership & Department Management:

• Lead and manage the Internal Audit Department, providing direction, guidance, and mentorship to team members.
• Develop and maintain a robust internal audit strategy in line with the University’s overall business objectives and risk framework.
• Oversee the design and implementation of the internal audit plan, ensuring adequate coverage across all units, including financial, operational, compliance, and IT audits.

2. Audit Planning & Execution:

• Develop annual audit plans based on a thorough understanding of business risks, financial reporting, regulatory requirements, and internal controls.
• Coordinate audit engagements across all departments, ensuring audits are performed effectively, efficiently, and in compliance with University standards and regulatory guidelines
• Conduct risk-based audits, including assessing financial statements, internal control systems, operational processes, and compliance with regulations.
• Monitor execution of audit programmes including routine financial audit, performance audit, IT Audit and other special audits
• Work closely with various departments to gather necessary information, explain audit procedures, and provide feedback on audit findings.
• Examining correctness of payment requests, completeness of documentation and certifying requisitions or transactions for further processing
• Verifying receipts, matching and undertaking on line reconciliation of invoices and local purchase orders for goods and services procured prior to effecting payments
• Conducting internal audit engagements in line with audit procedures, compiling and documenting audit evidence and generating audit issues
• Appraising and evaluating the effectiveness of the risk management process

3. Reporting & Communication:

• Prepare comprehensive audit reports that summarize audit findings, risks, and recommendations for senior management, the Audit Committee, and other relevant stakeholders.
• Present findings and audit recommendations in a clear, concise, and actionable manner to senior leadership, highlighting key risks and control weaknesses.
• Work closely with senior management to develop and implement corrective actions in response to audit findings and ensure timely follow-up on open audit issues.

4. Compliance & Regulatory Oversight:

• Stay up to date with relevant regulatory requirements and ensure that the University’s management practices comply with applicable laws and standards.
• Assist in regulatory inspections and audits, ensuring that all necessary documentation and responses are prepared accurately and promptly.

5. Risk Management & Internal Control:

• Evaluate the effectiveness of internal controls across the University’s operations, identifying gaps and recommending improvements.
• Work closely with other risk management teams, Director Finance, and other unit heads to assess and mitigate key risks affecting the University.
• Develop and monitor key risk indicators (KRIs) to ensure proactive management of potential operational and financial risks.

6. Team Development & Training:

• • Foster a high-performance culture by participating in recruiting, training, and developing a skilled internal audit team.
  • Conduct regular performance reviews, providing constructive feedback and career development opportunities for audit staff.
  • Promote continuous learning and development in the field of internal auditing and risk management

7. Advisory & Consulting Role:

• Provide advisory services to management on internal control matters, operational efficiency, and risk mitigation strategies.
• Collaborate with business units to help enhance operational effectiveness, internal control frameworks, and compliance practices.

Key Requirements:

1. Educational Qualifications:

• Bachelor’s degree in Accounting, Finance, Business Administration, B.com Accounting or Finance, or a related field.
• Professional certification such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Chartered Accountant (CA) is highly preferred.

2. Experience:

• At least 7-10 years of experience in internal auditing, with a minimum of 3-5 years in a managerial or leadership role, ideally within Higher Education or financial services industry.
• Extensive experience in auditing financial and operational controls, regulatory compliance, and risk management.
• Experience working in an audit firm is an added advantage.
• Strong knowledge of University operations, and regulatory frameworks.
• Proven experience in leading complex audit engagements and managing audit teams.

3. Technical Skills:

• Proficiency in audit methodologies, risk assessment techniques, and audit tools.
• Advanced understanding of financial accounting and reporting standards (IFRS, GAAP).
• Strong knowledge of IT auditing, cyber security risks, and data analytics tools is a plus.
• Familiarity with enterprise risk management systems and internal audit management software

4. Soft Skills:

• Exceptional leadership and team management skills, with the ability to inspire and lead teams towards achieving audit objectives.
• Excellent communication skills, both verbal and written, with the ability to interact with all levels of the University and external stakeholders.
• Strong critical thinking and problem-solving skills to assess complex issues and develop effective solutions.
• High level of integrity, professionalism, and ethical standards.

Key Performance Indicators (KPIs):

1. Audit Completion Rate: Timely completion of audit projects according to the annual audit plan.

2. Quality of Audit Reports: Clarity, accuracy, and actionable nature of audit reports.

3. Corrective Actions Implementation: Timely resolution of audit issues and follow-up on management actions.

4. Risk Mitigation: Successful identification and mitigation of operational and financial risks.

5. Team Development: Growth and performance of the internal audit team, including skills development and retention

Interested applicants who meet the qualifications should submit their applications accompanied by detailed CVs with 3 referees, certified copies of all relevant academic documents, appointment letters and other employment documents (where applicable); and a copy of national ID to;

The Human Resource Manager,
King Ceasor University,
King Ceasor Road, Bunga,
P.O Box 88, Kampala, Uganda.
Email: hr@kcu.ac.ug

. Further information can be found on our website. Only shortlisted candidates will be contacted.