Background Kenya Reinsurance Corporation Limited (Kenya Re) is the oldest Reinsurer in Eastern and Central Africa. It was established through an Act of Parliament in December 1970 and commenced business in January 1971. Kenya Re’s core activity is providing reinsurance services for most classes of business.

Reports to: Board Audit Committee

Job Purpose.

The job holder will be responsible for planning and implementing the internal audit strategy that provide independent objective assurance on the Corporation’s internal control systems and the governance structure.

Primary Responsibilities

Duties and responsibilities at this level will entail: –

• Overall leadership of the Internal Audit Function (IAF), including development and implementation of a proper audit strategy with optimal utilization of resources.
• Reporting to THE Board Audit Committee (BAC) and coordinating the execution of the annual audit plan as well as BAC activities.
• Coordinating the efforts of annual external financial audits with the Board, management, appointed external auditor, and the Office of the Auditor General (OAG).
• Undertaking various types of audits as outlined in the board-approved annual audit workplan i.e. compliance audits, special/forensic audits, value-for-money audits, system audits,subsidiaries audits etc
• Proactively assisting the board in risk identification through the audit process as well as assessment of the internal control mechanism backed by well-researched value adding audit recommendations.
• Monitoring the implementation of both Internal and external audit recommendations and reporting the same to BAC on a quarterly basis.
• Participating in strategic activities of the Corporation whilst maintaining adequate audit independence at personal level and of the IAF.
• Maintaining high standards of the internal audit profession by aligning the IAF to the provisions of IIA’s International Professional Practices Framework (IPPF) and International Standards of Auditing (ISA).
• Coordinate occasional independent external quality assurance (EQA) , implementation of the recommendations of the EQA report and continuous upskilling of the IAF.
• Keep BAC abreast with the most recent developments in the audit profession and constantly update management on the evolving compliance and business landscape.

Requirement/Person Specifications

Academic Qualifications

• Masters in Business Administration (MBA) from a recognized institution.
• Bachelor’s degree from a recognized university.

Professional Qualifications

• Certified Public Accountant (CPA(K) or equivalent qualifications from a recognized institution. Added advantage is the possession of CIA, CISA,
• CISM, CRISC
• Member of the Institute of Certified Public Accountants of Kenya (ICPAK), Institute of Internal Auditors (IIA), ISACA or equivalent from a recognized institution and in good standing.
• Proficiency in computer applications and –
• Meets the requirement of Chapter Six of the Constitution.

Experience

• At least ten (10) years relevant work experience. Working with Big Four audit firms and insurance industry will be an added advantage.
• Work experience in multinational group and system auditing will also be an added advantage.
• Demonstratable team management experience and interaction with Board of Directors.

Other Requirements

• Possess excellent interpersonal and communication skills.
• Excellent planning organizing, problem solving and ability to work under pressure to meet deadlines.
• Team player with excellent analytical and presentation skills.
• Knowledge of auditing concepts and principles.