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Senior Auditor (FMG/AS 3)
Job SummaryApplications are invited from suitably qualified candidates to be assigned to the post of Senior Auditor (FMG/AS 3) – (Not Vacant), in the Ministry of Industry, Commerce, Agriculture and Fisheries.
The Senior Auditor (FMG/AS 3) is accountable for conducting the Audits and Financial Assessment of Co-operatives, Friendly, Industrial and Provident Societies (inclusive of Peoples Co-operative Banks) in consultation with the Supervisor and in accordance with the programme of work approved by the Director, Audits and Investigations.
- Reports on Audits assigned monthly;
- Ensures completion of Audit Programmes and Questionnaires;
- Attends meetings on behalf of the Department;
- Assists with the development of the Budget, Operational and Work Plans of the Department;
- Assists with the preparation of Monthly, Quarterly and Annual Reports;
- Prepares reports on issues discussed at Annual General Meetings and Committee Meetings to facilitate follow up action;
- Reports prepared on issues discussed at Annual General Meetings and Committee Meetings;
- Provides oversight on activities of the Accounts Department.
- Provides technical advice to Societies on various issues;
- Provides technical advice at meetings, in matters concerning Financial Management, Accounting or Audit and compliance with the requisite Acts, Regulations and Rules of the Societies;
- Examines Statutory Records e.g.: Rules and Bye-laws to ensure compliance by Societies;
- Ensures compliance with all applicable Acts of Parliament e.g.: Income Tax, Co-operative, Friendly and Industrial and Provident Societies Acts etc.,
- Ensures Societies comply with applicable Accounting standards and principles;
- Prepares Draft Report on Audit Findings stating deficiencies, implications and makes recommendations for improved internal controls and procedures to enhance business efficiency and submit reports to Chief Auditor;
- Examines external audits for correctness and conformity to Department’s standard and applicable Accounting standards and principles;
- Conducts training of Societies in proper Bookkeeping and Accounting procedures and ensures implementation of relevant Accounting and Internal Control Systems;
- Conducts assessment of Business Plans of prospective Societies for correctness and viability; Conducts risk assessments to determine audit parameters;
- Develops and co-ordinates training courses in Accounting and Audit methods, as well as Co-operative Law and Practices for Department’s staff and Societies, in consultation with
- Director of Audits and Investigations;
- Applies audit procedures and techniques in conducting audits;
- Identifies risk within systems and provides recommended solutions.
- Provides guidance and mentorship to Auditor through training, technical advice, coaching and support as deemed necessary;
- Prepares Performance Appraisals and recommendations for development of Auditor;
- Ensures that Auditor adheres to policies, procedures, code of conduct and regulations of the Department;
- Conducts follow-up assessment to determine whether deficiencies are corrected.
Required Knowledge, Skills and Competencies
- Good knowledge of all applicable Accounting, Auditing standards and procedures
- Very good organizational and time management skills
- Good oral and written communication skills
- Effective interpersonal skills
- Ability to lead and work in a team
- Good analytical and problem solving skills
- Ability to work on own initiative and prioritize tasks
- Ability to work with various computer application, Accounting and Audit software
- Ability to perform official duties in a professional manner with confidentially and integrity
- Very good knowledge of the Co-operative Societies Act and Regulations and Friendly Societies Act and other pertinent Acts
Minimum Required Qualification and Experience
- First Degree preferably in Accounts, Finance, Business Administration, Management or Economics or ACCA Fundamentals or equivalent and over two (2) but less than five (5) years’ experience in audit/specialized area;
- Successful completion of relevant Government auditing courses and professional audit training would be an asset.
Special Conditions Associated with the Job
- Required to work on weekends and outside normal working hours to complete tasks assigned;
- Required to travel to Co-operative Societies across the island to conduct Administrative Audits and attend Annual General Meetings as directed.
Salary range $1,348,545 - $1,602,996 per annum and any allowance(s) attached to the post.
Please note that only short listed applicants will be contacted.