Summary
Date Posted: Thursday, February 10, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
The Pensions and Insurance Authority (PIA) is the regulatory and supervisory Authority for the Pensions and Insurance Industry in Zambia. The entities operating in the pensions and insurance market include among others; insurance companies, reinsurance companies, insurance intermediaries, pension schemes, fund managers and fund administrators. The Authority hereby invites applications from suitably qualified, experienced, passionate and inspirational candidates to fill the positions below.

The Pensions and Insurance Authority (PIA) is the regulatory and supervisory authority for the pensions and Insurance Industry in Zambia as provided for in the Pensions Scheme Regulations Act No.28 of 1996 (as amended) and the Insurance Act No. 27 of 1997 (as amended). The Authority is empowered under section 5 of the Pensions Scheme Regulation Act No. 28 of 1996 (as amended) to formulate standards in the conduct of Insurance and Pensions business. The Authority supervises and regulates entities operating in the pensions and insurance market. These include, among others; insurance companies, reinsurance companies, insurance intermediaries, pension schemes, fund managers and fund administrators.

In line with its expansion strategy, the Authority hereby invites applications from suitably qualified and experienced candidates to fill the following positions.
Internal Auditor – One (1) Position

Overall Responsibilities
Reporting to the Manager- Risk and Audit, the Internal Auditor will be responsible for reviewing and assessing all systems, procedures and practices in the Authority to ensure conformity to international and domestic accounting best practices and standards.

Specific Duties
• Drafts for approval of the Manager, a comprehensive Audit Programme, covering the Authority’s entire operations to ensure that:
• Accounting and book keeping transactions and procedures are properly carried out;
• Proper Books of Accounts and related records are kept; and
• The finances of the PIA are run generally in conformity with set standards.
• Conducts audit assignments which entail investigating and probing into all business transactions and arrangements executed by the Authority to ensure that the organizations assets and interests are safeguarded.
• Analyses and reviews the effectiveness of internal controls in the financial systems and recommend corrective measures to maximize financial security.
• Compiles comprehensive Audit Reports, citing weakness and lapses in the control systems to enable Management to institute remedial action to tighten security. Highlights Also incidents of misappropriations, fraud and other unauthorized acts detected during audits for Management’s attention.
• Appraises the financial systems of the institution for conformity with international and domestic standards in order to enhance the organisation’s governance standing.
• Monitors that expenditure of the PIA is in line with the approved budget and in compliance with the contracts in force from time to time and also in harmony with the relevant statutes.
• Coordinate and liaises with external auditors, provides same with relevant data/documents as directed by the Risk and Assurance Manager to ensure transparency.

Requirements
• Full Grade 12 certificate with credit or better in Mathematics and English
• Degree in business studies or full professional accountancy qualification such as ACCA/CIMA qualifications
• Exposure to financial analysis and taxation rules
• Good report writing skills
• Computer literate
• Good interpersonal skills
• At least 3 years post qualification experience

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
Send an application addressed to the Human Resource and Administration Manager via email ONLY to hr@pia.org.zm.
In the subject line please indicate the position you are applying for and note that only those applications that reference the position in the subject line will be reviewed. Your application should consist of a cover letter, certified copies of your qualifications, CV with three references, full addresses and contact information sent as a single PDF file.
Only candidates selected for an interview will be contacted.
The deadline for receiving applications is 21st February, 2022

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