Summary
Date Posted: Tuesday, March 26 2024, Base Salary: Not Disclosed

JOB DETAILS:
The Government of the Republic of Uganda represented by the Ministry of Finance and Economic Development, in collaboration with the International Development Association (IDA) and other development partners including the Netherlands, the United Kingdom and Sweden is implementing the Industrial Transformation and Employment (INVITE) project. The Project is financed by IDA and by a Multi Donor Trust Fund (MDTF).

The Project comprises four components: Component 1: Mitigating the Impact of COVID-19 with a focus on the Manufacturing and Exporting Sectors Driving Economic Transformation, including Refugee and Hosting Districts; Component 2: Creating New Product and Transformative Assets including in Refugee and Host Districts; Component 3: Enhancing Capabilities in Public Institutions and Private Firms; and Component 4: Implementation Support, Monitoring, and Evaluation.
More details on the project can be found at www.invite.go.ug .

The PSFU now invites suitably qualified individuals, with qualifications and experience as detailed below, to apply for the position of Internal Audit (IA) under the PIU.

2. Job Purpose:
The internal audit function is aimed at providing independent oversight on the quality of financial and operational functions of the project. The internal auditor will work across all implementing agencies operational and financial processes and identify weaknesses and suggest improvements. The Internal Auditor is responsible for giving assurance to the Project Steering committee and PSFU Board on the arrangements for risk management, control and governance, system integrity, compliance and value for money. He or she will also continuously review and assess processes, controls and practices, as well as related procedures according to annual audit plans and report on the effectiveness of these arrangements.

3. Main Duties and Responsibilities:
• Provide reliable, valued assurance to the PSC and PSFU Board over the effectiveness of controls, mitigating current and evolving high risks.
• Carry out risk based audits ensuring that project policies and procedures, appropriate laws and good business practices are followed.
• Manage delivery of the audit plan and ensure that audit assignments are undertaken in accordance with relevant policies, procedures and quality standards;
• Responsible and accountable for the quality of the audit work performed and the efficiency and effectiveness of the audit team;
• Support management in identifying resolutions for control issues identified;
• Support management in preparing a risk assessment and management plan related to the activities of the project, and develops risk avoidance and mitigation strategies.
• Develop and implement robust and efficient programs of procedural, technical and financial audit of the fund`s activities, based on the assessment of risks, to ensure ways in which to improve efficiency, economy, transparency and completeness in the financial and operational processes and the best use of available project resources, minimizing wastage and corruption involving the project resources to enhance INVITEs objectives are achieved.
• Report to the PSC and PSFU Board on the results of audit program periodically (and immediately in the case of serious and auditable audit findings) highlighting variances and trends of performance.
• Contribute to monthly, quarterly and annual reporting of the INVITE.
• Lead initiatives to enhance the controls culture within INVITE.
• Liaise with external auditors and act on recommendations to improve management control.
• Review and investigate integrity breaches by staff and work with the Executive Director to resolve matters.
• Carry out such other functions and duties that are delegated to the position from time to time.

4. Key Deliverables:
• Develop an internal audit manual for INVITE.
• Develop the internal audit annual coverage plan and strategy for INVITE covering risk and adequacy of management controls and procedures in all areas of the project.
• Perform health checks and internal audit assignments on a systematic and periodic basis in accordance with the annual coverage plan.
• Assist in the design of internal controls on financial and operational processes

5. Qualifications, Experience, other related skills, and Competencies:
5.1 Academic Qualifications: Applicants will possess:
• A Master’s degree in Accounting and or Finance from a recognized Institution.
• A bachelor’s degree in Accounting and or Finance from a recognized institution
• Full professional qualifications of CPA or ACCA are a must.
• Membership of the ICPAU.

5.2 Experience:
• Should have Eight (8) years of extensive and demonstrated public sector and internal audit experience out of which 5 years at a senior level in the public sector or large, busy business environment.
• Computer literate and familiar with various software including accounting packages. The candidate will be tested for computer skills and knowledge.
• Working knowledge in donor-funded projects and Government financial systems (IFMS)
• Proficiency in internal auditing in a manual and computerized environment;
• Working knowledge on implementation of the International Standards for the Professional Practice of Internal Auditing
• Evaluating/assessing Internal controls
• Value for money auditing
• Conducting risk assessments including fraud vulnerability;
• Knowledge of GoU laws and regulations for financial management

5.3 Other related skills and competencies:
• Strong analytical and strategic skills
• Excellent planning and organizational skills
• Excellent interpersonal skills
• Excellent communication skills, both oral and written
• Works under minimum supervision
• High level of honesty, integrity, and versatility.

6. Reporting:
The IA will report to the Accountability Sector Audit Committee (MoFPED); PSFU Board Audit Committee and Administratively to the CEO-PSFU and the Project Coordinator-INVITE for overall supervision and day-to-day technical matters under the contract.

7. Duty Station:
• The IA will be deployed on a full-time basis and the duty station shall be the INVITE-PIU Office in Kampala with frequent travel upcountry.
• Out-of-pocket expenses towards work-related travel will be reimbursed as per rules and regulations applicable to the staff of INVITE-PIU.

8. Facilities to Be Provided by The Employer:
The Employer shall provide office space, with connectivity to internet, printer and access to other office amenities during the term of his contract.

9. Duration of Services:
The IA will be appointed on a contractual basis for an initial period of three (3) years, with a possibility of renewal based on performance, business needs, and budget availability.
Please attach all copies of your academic documents and certificates.

Work Hours: 8

Experience in Months: 96

Level of Education: Postgraduate Degree

Job application procedure

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