Post: Internal Audit Associate (Assistant)
Category: Internal audit and oversight
Career level: Mid-level: minimum four years’ experience
Report to: Head of internal audit and oversight
Salary: as per the organization's attractive salary scale.
Benefits: Life Insurance, Medical refund and reimbursement of children's tuition fee.
Duties and Responsibilities
Under the direction and supervision of the Head of Internal Audit and Oversight, reviews the school’s accounting system, cash management, stock control, purchase of goods and services, etc., and school operations in line with the school's policies and procedures.
Reviews and appraises the soundness, adequacy, and effectiveness of the accounting, financial, and other operating controls of the company. Ascertains the extent to which assets are accounted for and safeguarded from losses of all kinds. Reviews external audit reports findings that need corrective actions. Follows up on the adequacy of actions taken by the finance function to correct the weaknesses reported in the previous audit reports.
Specific duties & responsibilities
- Consistently review and check important monthly transactions, which include the following, but are not limited to:
- transactions related to the salary of national and international staff monthly
- transactions involving tax payments monthly
- monthly bank reconciliations
- and filing transactions related to rent contracts and payments for houses that the school rents for international staff
- filing all payment transactions made to contractors and architects
- the general ledger and subsidiary ledger of the customer with the admission record
- the school invoices
- and follow up on work following advice
- the documentation of the finance department, box file PV and CRV
- weekly Cash count
- the student file and recording
- Check the periodic inventory of school assets
- Assist in the development of systems to foster improvements in the application of internal control systems and the maintenance of compliance standards;
- Assist in conducting analytical reviews to assess risk areas and work with endowment staff to minimize risk exposure levels
- Assist in coordinating and facilitating internal and external audits by liaising with concerned work units.
- Assist the department regarding control systems, assess their effectiveness and general operational compliance with established rules, regulations, and policies; assess work processes and office structures to ensure that tasks are carried out with maximum efficiency;
- Advise and assist the Head of Internal Audit and oversight about any suspected misconduct in operations.
- Check Human Resources and School Admissions as per the school policies and procedures
- Document audit work per applicable audit work and filing
- Perform related functions as required and assigned by the immediate supervisor