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Key Accountabilities
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Performance Measures
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- Plan and execute internal audits in accordance with the annual audit plan, ensuring compliance with company policies and statutory requirements.
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- Percentage of audits completed on schedule as per the annual audit plan
- Level of compliance with internal policies and statutory regulations identified during audits
- Quality and thoroughness of audit planning documentation
- Feedback from the Head of Internal Audit regarding audit execution
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- Identify and assess areas of significant business risk, making recommendations for process improvements and control enhancements.
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- Number and relevance of significant risks identified during audits
- Quality and practicality of recommendations for process and control improvements
- Management feedback on risk assessments and suggested enhancements
- Implementation rate of recommended risk mitigation actions
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- Prepare clear, concise audit reports and present findings and recommendations to management.
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- Clarity, accuracy, and conciseness of audit reports as assessed by management
- Timeliness of report delivery following completion of audit fieldwork
- Number of management queries or requests for clarification on audit reports
- Quality of presentations and engagement during report discussions with management
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- Follow up on agreed audit actions to ensure timely implementation.
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- Percentage of agreed actions implemented within target deadlines
- Frequency and effectiveness of follow-up reviews
- Reduction in repeat audit findings over time
- Feedback from auditees regarding the follow-up process
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- Support the Head of Internal Audit with ad hoc investigations and projects as required.
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- Responsiveness and flexibility in supporting ad hoc requests
- Quality and impact of contributions to special projects and investigations
- Feedback from the Head of Internal Audit on support provided
- Successful completion of additional assignments within agreed timeframes
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- Management of the Speak Up line, including coordination of investigations with relevant functions and reporting outcomes and themes
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- Speak Up cases are triaged, coordinated, and concluded within agreed timeframes, with clear, accurate, and timely reporting
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Decision Making
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Activity Time Horizons
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- The Internal Audit Manager operates with a high degree of autonomy in planning, conducting, and reporting on audit assignments. Decisions focus on identifying control weaknesses, evaluating risks, and recommending improvements, whilst escalating significant issues to the Head of Internal Audit.
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- Audit activities range from short-term assignments (weeks) to medium-term projects (months), aligned with the annual audit plan and business priorities. The role also involves ongoing monitoring of action plan implementation and follow-up reviews.
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Scale and Scope
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- The Internal Audit Manager covers all business units and processes within the FMCG company, including manufacturing, supply chain, sales, and support functions, both at head office and operational sites. The scope includes financial, operational, and compliance audits, with interactions across all levels of the organisation.
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Knowledge, Skills and Experience
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- Degree in Accounting, Finance, Business, or related field; part or fully qualified (e.g., ACA, ACCA, CIMA, CIA) desirable.
- Experience in internal audit or external audit, preferably within FMCG or a similar fast-paced environment.
- Strong analytical, investigative, and problem-solving skills.
- Excellent communication and report writing abilities.
- Ability to work independently and manage multiple assignments.
- Good understanding of risk management, control frameworks, and relevant legislation.
- Proficient in Microsoft Office and audit management software.
These requirements may be developed further through training and on-the-job experience, and not all need to be fully established at the point of recruitment.
These may be trained or developed. These do not all need to be in place at recruitment.
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