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Job Title:   Internal Audit Officer (Entry Level Job Careers)

Organization: Insurance
Regulatory Authority of Uganda (IRA)

Duty Station:
Kampala, Uganda

Reports to:
Manager Internal Audit

 

About US:

The Insurance
Regulatory Authority of Uganda (IRA) was established under section 14 of the
Insurance Statute 1996 now The Insurance Act, (Chap213) Laws of Uganda, 2000
(Insurance Act) which came into effect on 4th April 1996 and commenced
operations in April 1997. The establishment of the Insurance Regulatory
Authority of Uganda was a consequence of Government’s adoption of the
liberalization and privatization policies which ended its role of directly
engaging in the provision of goods and services and taking on the role of
supervisor or regulator.

 

Job Summary:  The Internal Audit Officer will carry out
regular checks and detailed reviews of operations of IRA and evaluate and
provide reasonable assurance that risk management, controls functions and
processes are functioning to conduct regular checks, detailed reviews of
operations as intended and help the organization accomplish its objectives and
goals.

 

Key Duties and Responsibilities:  

·       
Assist
in the Implementation of the annual audit plan.

·       
Conduct
operation, financial and compliance audits and follow up on the recommendations
and actions resulting from internal and external audit engagements conducted
and completed.

·       
Advise
the Manager Internal Audit on internal controls, risk management and governance
issues and provide best practices in these.

·       
Review
IRA’s operations for compliance to policies and guidelines established by the
Board and other regulatory and statutory bodies.

·       
Carry
out periodic evaluation and effectiveness of risk management control and
governance processes as well as the reliability of financial information.

·       
Review
IRA’s operations for weaknesses in risk policies and guidelines established by
the Board, and other regulatory and statutory bodies.

·       
Draft an
Internal Audit and support risk management project that ensures review of all
business processes for proper governance and effective risk management.

·       
Carry
out any other duty as may be assigned from time to time.

·       
Assist
in the preparation of audit reports.

 

Key Performance Indicators

·       
Compliance
of Authority transactions.

·       
Timely
and accurate risk management reports

·       
Achievement
of risk management targets.

·       
Periodic
conducting of internal audit

 

Qualifications, Skills and Experience:

·       
The
applicant for the Insurance Regulatory Authority of Uganda (IRA) Internal Audit
Officer job placement must hold a Bachelor’s (Honours) degree majoring in
Accounting or its equivalent.

·       
Personal
presentation

·       
Auditing
skills

·       
Report
writing and research skills

·       
Communication
skills

·       
Teamwork
and interpersonal skills

·       
Customer
awareness

·       
Analytical
skills

 

How to Apply:

All suitably
qualified and interested candidates who meet the requisite qualifications
should submit their applications together with copies of detailed up-to-date
CVs with at least three referees to:

 

The Chief Executive
Officer

Insurance Regulatory
Authority of Uganda

Plot 5 Kyadondo
Road, Legacy Towers, Block B, 2nd Floor

P.O. Box 22855,
Kampala

 

Email to: ira@ira.go.ug

 

NB:
Only shortlisted candidates will be contacted

 

Deadline: 7th September 2020 by 5:00 pm

 

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