Officer- Internal Audit & Risk Management

Tahzingdong

 

Tahzingdong

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Summary

• Vacancy: 01
• Location: Bandarban
• Minimum Salary: Negotiable
• Experience: At least 2 years
• Published: 3 Dec 2024

 

Requirements

Education

• Master of Business Administration (MBA) or Bachelor degree in Accounting, Finance or relevant subject;
• CA/CC Completion Certificate, Chartered Accountancy (CA) Certificate Level Passed is given preference;·
• Professional audit certifications (ACCA/CPA/CIA) finalized or in an advanced stage of the certification process would be an added advantage;

Experience

• At least 2 years
• The applicants should have experience in the following business area(s):
  NGO, Development Agency, Audit Firms /Tax Consultant, Third Party Auditor (Quality, Health, Environment, Compliance

Additional Requirements

• Maintain up-to-date knowledge of audit industry practices to ensure best practices are considered;·
• Considerable knowledge of the Standards for the Professional Practice of Internal Auditing and the Code of Ethics developed by the Institute of Internal Auditors;·
• Good command of the English Language, written and verbal communication skills in particular;·
• Knowledge of CHT contest would be an added advantage;·
• Must be honest, hardworking, and able to effectively work with new and changing situations including new regulations;
• where there may not always be a readily apparent solution;·
• Excellent presentation, analytical, interpersonal, time management, research, and communications skills;
• Possession of a postgraduate qualification or professional qualification such as CA, ACCA, CPA, CIMA, etc will be an added advantage;
• Experience in managing grants/contracts from institutional donors (USAID, DFID, Global Fund, UN etc.);
• Experience in setting up and managing donor compliance monitoring systems, financial management of grantees, including grantee budgets and audits, grants disbursement, and appropriate deployment of grants;
• Strong financial skills encompassing proposal budgeting, income tracking, budget monitoring, and financial reporting;
• Advanced knowledge on Working knowledge of Microsoft Word/ Excel/PowerPoint;
• Ability to provide clear guidance on donor policies and procedures to other staff;
• Capacity-building experience including training and skills development;
• Ability to work independently, function effectively and adhere to strict deadlines;
• Strong interpersonal skills, including written, verbal, and presentation skills;
• Understanding of partnership approach to international development;
• Review of VAT/Tax Compliance;

Responsibilities & Context

Job Context:

TAHZINDONG is a non-profit and non-government voluntary development organization aims to ensure the environmental and socio-economic development. The organization started its journey in 2001. TAHZINGDONG strives to empower the most disadvantage, marginalized and vulnerable people in CHT through alternative development process of the people as well as ensure the sustainable development of community and society.

Reporting to: Management/Executive Director

Line of Communication: Finance and Admin & HR Manager

Reporting Period: Periodical

Overall guidance: Executive Director

Responsibilities:

• Perform audit procedures to verify compliance with organizational policies and procedures, and regulatory requirements;
• Conduct risk assessments to identify potential areas of risk within the organization;·
• Process audit of any kind;·
• Payroll Checking and visit- head office, sub-office & project office;·
• Verification of Cash, Stock, Fixed Asset and Reconciliation;·
• Verification of procurement process, personal file, staff recruitment process and contract with vendor and projects agreement compliance;·
• Physical Inventory-Periodic & Perpetual;
• Evaluate the effectiveness of internal controls and provide recommendations for improvement;
• Document audit findings and prepare detailed reports for management;
• Prepare clear and concise audit reports that communicate findings, recommendations, and management responses;
• Present audit results to management and stakeholders, facilitating discussions on findings and recommendations;
• Follow up on the implementation of audit recommendations;
• Assist in special projects and investigations as needed;·      Monthly Audit Plan;·
• Recommend improvements to internal controls, operational processes, and risk management practices based on audit findings;·
• Promote efficiency and effectiveness within the organization through process enhancements and best practices;·
• Others as per management requirement;.

Risk Assessment:

• Conduct risk assessments to identify potential areas of risk within the organization;
• Evaluate the significance of identified risk based on likelihood and potential impact;

Audit Planning:

• Develop an annual audit plan based on the results of risk assessments and in consultation with management;
• Prioritize audit activities to ensure coverage of high-risk areas and critical business processes;

Audit Execution:

• Perform detailed audit procedures to assess the adequacy and effectiveness of internal control systems;
• Verify the accuracy and reliability of financial information and operational data;
• Review compliance with company policies, procedures, and regulatory requirements;

Documentation and Reporting:

• Document audit procedures, findings, and conclusions in accordance with professional standards;
• Prepare clear and concise audit reports that communicate findings, recommendations, and management responses;
• Present audit results to management and stakeholders, facilitating discussions on findings and recommendations;

Compliance and Ethics:

• Uphold ethical standards and conduct audits in compliance with relevant laws, regulations, and professional standards (e.g., IIA Standards);

Continuous Monitoring and Follow-Up:

• Monitor changes in regulatory requirements and organization best practices;
• Conduct follow-up audits to verify the implementation of audit recommendations;
• Track and report on the status of outstanding audit issues to management and the audit committee;
• Monitor the implementation of audit recommendations by management;

Process Improvement:

• Recommend improvements to internal control, operational processes, and risk management practices based on audit findings;
• Promote efficiency and effectiveness within the organization through process enhancements and best practices;

Special Projects and Investigations:

• Assist in special projects and investigations as assigned by management or the audit committee;
• Conduct forensic audits or specific investigations into suspected fraud, misconduct, or irregularities;

Continuous Improvement:

• Stay abreast of organization trends, regulatory developments, and best practices in internal auditing;
• Recommend enhancements to internal audit processes and methodologies to improve effectiveness and efficiency;

Collaboration and Communication:

• Collaborate with other departments and stakeholders to exchange information and ensure comprehensive audit coverage;
• Maintain open and effective communication with management and the audit committee;

Skills & Expertise

Accounting

Presentation skill

Workplace

Work at office

Employment Status

Full Time

Job Location

Bandarban

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