Internal Auditor

The Internal Auditor is responsible for enhancing financial accountability and transparency by evaluating internal controls, ensuring compliance with financial regulations, and supporting efficient financial management. This role requires a high level of integrity, analytical expertise, attention to detail, and proficiency in auditing and financial systems. The internal auditor plays a critical role in identifying risks, ensuring operational efficiency, and safeguarding the hospital’s financial assets.

• At least five (5) Subjects CXC, General Proficiency, inclusive of Mathematics, English A, and Accounts.

• Bachelor's degree in accounting.

• Minimum of 3 years of experience in the accounting or auditing field.

• Must be computer literate.

• Technical Proficiency: Knowledge of audit tools, financial management systems, and healthcare software.

• Ethical Standards: Strong sense of integrity and confidentiality in handling sensitive financial and patient data

• Risk Management Expertise: Ability to assess potential risks and recommend practical mitigation strategies.

• Analytical Thinking: Ability to assess complex data, identify patterns, and propose effective solutions.

• Communication Skills: Clear, concise reporting and the ability to present findings to diverse stakeholders.

• Time Management: Effectively manage multiple audits and prioritize tasks in a dynamic environment

• 1. Auditing Financial and Operational Processes:

  o Perform regular audits of financial systems, including accounts payables, receivables, payroll, fixed

  assets, and billing, ensuring compliance with internal policies and IFRSs.

  o Verify the accuracy of financial transactions, including general ledger entries, reconciliations, and journal

  adjustments.

  o Adjust daily bank reconciliations to ensure accurate recording of all transactions and identify

  discrepancies promptly.

  o Review and validate billing practices, and insurance claims and charge accounts reimbursements for

  accuracy and adherence to hospital guidelines.

  2. Inventory and Stock Management:

  o Conduct random checks of physical stock against system records for all stores.

  o Conduct financial reconciliation of inventory and stock records to ensure alignment with financial

  statements.

  o Investigate discrepancies and ensure proper documentation of all goods received or disposed of.

  o Evaluate internal controls related to inventory management to reduce risk and improve efficiency.

  3. Compliance and Risk Assessment:

  o Identify potential risks in financial and operational areas and recommend strategies for mitigation.

  o Ensure compliance with applicable financial regulations, policies, and internal control standards.

  o Collaborate with management to develop and implement risk management policies and procedures.

  4. Monitoring and Reporting:

  o Complete an annual audit plan with a heat map for discussion with the Chairman/CEO for

  approval.

  o Carry out audit as per plan and risk assessment and prepare detailed audit reports highlighting objectives,

  work done, findings, and recommendations for improvement.

  o Present results to the Chairman and CEO, offering actionable insights for operational efficiency.

  o Track and follow up on corrective actions to ensure recommendations are implemented effectively.

  5. Training and Development:

  o Provide training to staff on compliance and audit requirements.

  o Collaborate with department heads to foster a culture of transparency and adherence to regulations.

  o Proactively identify opportunities to improve financial processes and internal controls, offering solutions

  to enhance efficiency.

  Other Responsibilities:

  o Support external audits by providing necessary documentation and explanations.

  o Perform any other audit-duties that may be assigned from time to time