Director Of Internal Audit Vacancy, African Reinsurance

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Director Of Internal Audit Vacancy, African Reinsurance
Location: All Nigeria
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Ad description

Job Status: Full Time Job,
Remuneration: Attractive,
Location: Lagos, Nigeria
SOCIETE AFRICAINE DE REASSURANCEThe African Reinsurance Corporation (Africa Re) is an International Financial Institution with Headquarters in Lagos (Nigeria). Africa Re has six Regional Offices in Casablanca (Morocco), Nairobi (Kenya), Abidjan (Côte d’Ivoire), Port Louis (Mauritius), Lagos (Nigeria) and Cairo (Egypt); a Local Office in Addis Ababa (Ethiopia) as well as two subsidiary companies: Africa Re South Africa in Johannesburg (South Africa) and Africa Retakaful in Cairo (Egypt). The Corporation is owned by 41 member States of the African Union (AU), the African Development Bank (AFDB), the International Finance Corporation (IFC), German Investment and
Development Corporation (DEG), PROPARCO (subsidiary of the Agence française de développement), IRB-Brasil Re and 109 African insurance and reinsurance companies.Africa Re announces the vacancy of the following position:
Director of Internal AuditI. Job DetailsManage the internal audit activities to ensure it adds value to the Corporation.Evaluate and contribute to the improvement of risk management, control, and
governance processes using a systematic and disciplined approach.Assist the organization in maintaining effective controls by evaluating their effectiveness
and efficiency and by promoting continuous improvement.Assess and make appropriate recommendations for improving the governance process in the Corporation.II. Grade and DutiesThe post is an ES 1 grade level.
The duties of the Director of Internal Audit shall comprise amongst others:Establish risk-based plans to determine the priorities of the internal audit activities consistent with the Corporation’s goals.Communicate the internal audit plan and resource requirements, including significant
interim changes, to executive management and to the board for review and approval.Ensure that internal audit resources are appropriate, sufficient and effectively deployed
to achieve the approved plan.Establish policies and procedures to guide the internal audit activity.Share information and coordinate activities with other internal and external providers of relevant assurance and consulting services to ensure proper coverage and minimize duplication of efforts.Report periodically to the board and executive management on the internal audit
activity’s purpose, authority, responsibility and performance relative to its plan.
Reporting should also include significant risk exposures and control issues, corporate
governance issues and other matters needed or requested by the board and executive
III. Location
The successful candidate shall be based in Lagos (Nigeria).
IV. Main Competencies required for this positionEstablish trust and thus provide the basis for reliance on his judgment – high integrity
and a good sense of responsibility.Exhibit the highest level of professional objectivity in gathering, evaluating, and
communicating information about the activity or process being examined.Make a balanced assessment of all the relevant circumstances and should not be unduly
influenced by his own interests or by others in forming judgmentsRespect the value and ownership of information he receives and does not disclose
information without appropriate authority unless there is a legal or professional
obligation to do so.Apply the knowledge, skills and experience needed in the performance of internal
auditing services.Exhibit good analytical and reasoning skills.Capacity for planning.Exhibit the ability to take initiatives
Applicants shall be holders of:First university degree plus Masters in relevant field plus 9 years post qualification
relevant qualitative work experience of which 4 must have been at management level,
preferably in an international commercial organization.
OrFirst university degree plus 13 years post qualification relevant qualitative work
experience of which 4 must have been at management level, preferably in an international commercial organization.Have a sound knowledge of computer tools – word processing, spreadsheets and
presentation.Relevant professional qualifications in Anglophone countries include ACCA, CPA, CIA,
CISA etc and their equivalents in Francophone countries.
Applicants must be:
Nationals of Member States of Africa Re;Fluent in one of the two working languages of the Corporation (French or English). A
good knowledge of both languages will be an added advantage.
VI- Salary and Benefits
The successful candidate shall have the following benefits:Competitive Basic SalaryVariable pay (Bonus)Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14%
by the employer)Children education subsidy for each child up to 26 years (maximum 4 children)Medical cover for staff and family;Exemption from taxes and duties (diplomatic status of an international civil servant).

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