VACANCY: INTERNAL AUDIT OFFICER
Lesotho Communications Authority (LCA) is the regulatory body for the communications sector in Lesotho. Following the adoption of the Lesotho Telecommunications Policy of 1999, the Authority was established by an Act of Parliament in 2000. Presently, the Authority operates under the Communications Act of 2012 for the regulation of Information and Communications Technologies (ICTs), Broadcasting and Postal Services.
LCA invites applications from suitably qualified candidates for the position of Internal Audit Officer reporting to the Internal Audit Manager.
Job Summary
The Internal Audit Officer is responsible for conducting independent and objective audits to assess the effectiveness of the organization’s internal controls, risk management, and governance processes. The role involves planning and executing audit assignments, preparing audit reports, and making recommendations to enhance operational efficiency and compliance. The Internal Audit Officer reports directly to the Manager Internal Audit.
Key Responsibilities
- Audit Planning and Execution.
- Develop and implement a risk-based audit plan to assess the organization’s internal controls and compliance with policies and regulations.
- Conduct thorough audits of financial records, operational procedures, and compliance with laws and regulations.
- Evaluate the efficiency and effectiveness of internal control systems and identify areas for improvement.
- Document audit findings, including any discrepancies or risks identified during the audit process.
- Ensure that all audits are conducted in accordance with professional auditing standards and organizational policies.
- Knowledge of Accounting Standards
- Risk Assessment and Management
- Identify and assess key risks that could impact the organization’s objectives and operations.
- Develop strategies to mitigate identified risks and monitor the effectiveness of risk management processes.
- Conduct regular risk assessments and update the audit plan accordingly.
- Collaborate with management to ensure risk mitigation strategies are implemented effectively.
- Provide recommendations for improving risk management practices across the organization.
- Compliance Monitoring and Review.
- Monitor the organization’s compliance with applicable laws, regulations, and internal policies.
- Review and assess the adequacy of the organization’s compliance programs and suggest enhancements.
- Conduct follow-up audits to ensure corrective actions have been implemented and are effective.
- Prepare and present compliance reports to senior management and the Board of Directors.
- Advise management on emerging compliance issues and regulatory changes.
- Reporting and Communication.
- Prepare detailed audit reports that summarize findings, conclusions, and recommendations.
- Present audit findings to the CEO and other members of senior management.
- Provide clear and actionable recommendations for improving internal controls and processes.
- Maintain effective communication with all levels of management and the audit committee.
- Ensure that all audit findings are properly documented and that follow-up actions are tracked.
- Continuous Improvement and Training.
- Stay current with industry trends, best practices, and changes in regulations that may affect the organization.
- Provide training and guidance to other staff on internal controls, risk management, and compliance issues.
- Participate in professional development opportunities to enhance auditing skills and knowledge.
- Recommend and implement process improvements to enhance the effectiveness and efficiency of the internal audit function.
- Foster a culture of continuous improvement within the internal audit team and the broader organization.
Qualification and experience
- Bachelor’s degree in Accounting, Finance or Internal Audit or Chartered Accountant.
Competencies
- Strong analytical and problem-solving skills.
- Proficiency in auditing and accounting principles.
- Excellent written and verbal communication skills.
- High level of integrity and ethical behaviour.
- Attention to detail and accuracy.
- Ability to work independently and as part of a team.
- Strong organizational and time management skills.
Ability to manage multiple tasks and meet deadlines.
Tenure
The position is permanent and pensionable.
Remuneration
The LCA offers an attractive and competitive package for the position.
How to Apply
Application letters accompanied by certified copies of relevant certificates, Curriculum Vitae and names and addresses of three referees should be emailed to: hr@lca.org.ls on or before 28 February, 2025, at 12 noon.
To apply for this job email your details to mkotele@lca.org.ls