ABOUT THE ROLE

Applications are invited from suitably qualified persons to fill a vacant position of Internal Auditor for NASFAM Commodity Marketing Exchange (NASCOMEX) Limited, the commercial arm of NASFAM.

The Internal Auditor is responsible for strengthening compliance with regulations, systems and internal controls, policies and procedures in order to minimise business risks at all levels of the system.

The position is available at Kanengo in Lilongwe and reports to the General Manager.

KEY REQUIREMENTS

• Minimum Educational Qualification of a first degree in Accounting and Auditing or any related discipline.
• Must be a member of the Institute of Internal Auditors.
• At least 5 years working experience in a related field.

Key Competencies / Attributes and Skills:

• In-depth understanding and experience in stock and inventory management.
• An in-depth understanding and experience with audit standards, financial and accounting regulations.
• Demonstrable experience in conducting internal audits.
• Must have the ability to identify potential business risks.
• Must have a very good understanding of the agribusiness sector.
• Good communication and report writing skills.
• Must be a person with high levels of integrity.
• A strong self-starter and self-motivated person.

KEY RESPONSIBILITIES

• Develop annual audit plans for NASCOMEX for establishment of preventive, detective and corrective controls.
• Carry out risk-based audit of internal control processes for NASCOMEX and other NASFAM entities and present reports with recommendations to Management.
• Review and analyse the efficiency of all NASCOMEX key business operations and systems, monitoring compliance with applicable laws, regulations and standard operating procedures, identify any loopholes and potential risks and recommend to Management any areas requiring improvements and redress.
• Monitor stock and inventory management systems and liaise with the Warehouse and Logistics Manager and the Finance on any flaws, lack of adherence and areas requiring improvement.
• Conduct periodic and adhoc stock takes in all NASCOMEX warehouses and on all commodities and liaise with Finance and Warehousing on differences and loopholes requiring redress.
• Work with Management to investigate complaints and issues arising from allegations of misconduct or fraud or those that are performance related and submit a report for further actions by Management.
• Support management take appropriate measures to minimize all forms of non-compliance to regulations, policies and procedures and reduce conditions inducing non-compliance.
• Prepare and submit periodic reports on general overview of the company in terms of compliance and adherence to different regulations, policies and procedures and on any other special audits that may be conducted.

• Develop annual audit plans for NASCOMEX for establishment of preventive, detective and corrective controls.
• Carry out risk-based audit of internal control processes for NASCOMEX and other NASFAM entities and present reports with recommendations to Management.
• Review and analyse the efficiency of all NASCOMEX key business operations and systems, monitoring compliance with applicable laws, regulations and standard operating procedures, identify any loopholes and potential risks and recommend to Management any areas requiring improvements and redress.
• Monitor stock and inventory management systems and liaise with the Warehouse and Logistics Manager and the Finance on any flaws, lack of adherence and areas requiring improvement.
• Conduct periodic and adhoc stock takes in all NASCOMEX warehouses and on all commodities and liaise with Finance and Warehousing on differences and loopholes requiring redress.
• Work with Management to investigate complaints and issues arising from allegations of misconduct or fraud or those that are performance related and submit a report for further actions by Management.
• Support management take appropriate measures to minimize all forms of non-compliance to regulations, policies and procedures and reduce conditions inducing non-compliance.
• Prepare and submit periodic reports on general overview of the company in terms of compliance and adherence to different regulations, policies and procedures and on any other special audits that may be conducted.

• In-depth understanding and experience in stock and inventory management.
• An in-depth understanding and experience with audit standards, financial and accounting regulations.
• Demonstrable experience in conducting internal audits.
• Ability to identify potential business risks.
• Very good understanding of the agribusiness sector.
• Good communication and report writing skills.
• High levels of integrity.
• Strong self-starter and self-motivated.

• Minimum Educational Qualification of a first degree in Accounting and Auditing or any related discipline.
• Must be a member of the Institute of Internal Auditors.
• At least 5 years working experience in a related field.