Background information about the job or company (e.g., role context, company overview)

Eastern Water and Sanitation Company Limited was incorporated as a private company limited by shares, under the Companies Act (Cap 388 of the Laws of Zambia) on 12th May 2008. The Company’s mission is to uplift the living standards of all our customers through the exceptional provision of safe, adequate and affordable and environmentally friendly water supply and sanitation services to the existing and potential clients in the urban and peri-urban areas of Eastern Province. In order to achieve its mandate Eastern Water and Sanitation Company is advertising for the position INTERNAL AUDIT AND RISK MANAGER to be based at head office

POSITION TITLE: INTERNAL AUDIT AND RISK MANAGER (GRADE S3- REQUIRED NO. 1)

REPORTING TO: MANAGING DIRECTOR AND THE BOARD

1. PURPOSE OF THE JOB

The Internal Audit and Risk Manager include conducting internal audits to assess financial and operational controls, identifying and evaluating risks, and ensuring compliance with policies and regulations. Develop and improve risk management frameworks, provide assurance on risk management processes, and help management respond to risks to safeguard the organization's integrity and improve efficiency.

2. RESPONSIBILITIES

• Formulates and implements a comprehensive annual audit plan, which is approved by the Board, relevant and focused on the areas of key and significant risk to the Company.
• Independently and objectively evaluates the Company’s systems and practices of internal controls, risk management and governance by measuring and evaluating their effectiveness in achieving the agreed organizational objectives, and advises the Board and Management.
• Reviews and evaluates the adequacy, reliability and integrity of accounting, billing and other operational systems to determine the degree to which they comply with established Company policies and ascertain their efficiency and effectiveness.
• Inspects accounting systems to determine their efficiency and effectiveness, conducts cash spot checks and inspects collections at/from pay points in all operating districts.
• Plans and performs all types of audits including, but not limited to, financial, operational, compliance, value-for-money and performance audits as approved by the Board.
• Reviews records and systems pertaining to material assets such as equipment, buildings and labor to determine degree of utilization, safeguarding and maintenance.
• Conducts special audits for management aimed at detecting any irregularities and thereafter develops and suggests controls for their prevention.
• Coordinates with external auditors and ensures that each party is briefed on areas of concern.
• Prepares ad hoc, monthly, quarterly and annual audit reports and submits them to the Audit Committee of the Board

3. QUALIFICATIONS AND EXPERIENCE

• Grade 12 School Certificate with Merit in English and Mathematics
• ACCA/CIMA/CA-Zambia or equivalent
• Must be a qualified Chartered Accountant
• Master’s in Business related discipline will be an added advantage
• Member of Zambia Institute of Chartered Accountants ZICA (Associate or Fellow) and the Institute of Internal Auditors.
• Valid Driver’s License

4. COMPETENCES

• Risk Management
• Audit Planning and Execution
• Analytical Thinking
• Interpersonal Skills
• Data and Financial Analysis

• Formulates and implements a comprehensive annual audit plan, which is approved by the Board, relevant and focused on the areas of key and significant risk to the Company.
• Independently and objectively evaluates the Company’s systems and practices of internal controls, risk management and governance by measuring and evaluating their effectiveness in achieving the agreed organizational objectives, and advises the Board and Management.
• Reviews and evaluates the adequacy, reliability and integrity of accounting, billing and other operational systems to determine the degree to which they comply with established Company policies and ascertain their efficiency and effectiveness.
• Inspects accounting systems to determine their efficiency and effectiveness, conducts cash spot checks and inspects collections at/from pay points in all operating districts.
• Plans and performs all types of audits including, but not limited to, financial, operational, compliance, value-for-money and performance audits as approved by the Board.
• Reviews records and systems pertaining to material assets such as equipment, buildings and labor to determine degree of utilization, safeguarding and maintenance.
• Conducts special audits for management aimed at detecting any irregularities and thereafter develops and suggests controls for their prevention.
• Coordinates with external auditors and ensures that each party is briefed on areas of concern.
• Prepares ad hoc, monthly, quarterly and annual audit reports and submits them to the Audit Committee of the Board

• Risk Management
• Audit Planning and Execution
• Analytical Thinking
• Interpersonal Skills
• Data and Financial Analysis

• Grade 12 School Certificate with Merit in English and Mathematics
• ACCA/CIMA/CA-Zambia or equivalent
• Must be a qualified Chartered Accountant
• Master’s in Business related discipline will be an added advantage
• Member of Zambia Institute of Chartered Accountants ZICA (Associate or Fellow) and the Institute of Internal Auditors.
• Valid Driver’s License