Our client is on the hunt for an Internal Control Manager that will spearhead the company’s internal control activities and initiatives, establishing and maintaining an internal control framework for financial reporting and its upstream processes, including operational and binder holder processes. This role involves continuous monitoring of the company’s compliance with this framework, acting as the primary liaison for internal and external audits, and supporting the CFO in various financial reporting tasks. The Internal Control Manager will report directly to the CFO and collaborate with various departments and control owners across the company.
Responsibilities:
Establish Internal Control Framework:
- Develop and document a comprehensive internal control framework.
- Conduct walkthroughs of company processes and document findings.
- Identify and map key controls to the COSO framework.
- Detect control gaps and propose solutions.
- Implement new controls and provide necessary training.
- Achieve consensus with key control owners.
Monitor Compliance:
- Create and execute a plan for ongoing internal control compliance monitoring.
- Identify and communicate deficiencies, assisting in remediation.
- Provide compliance reports to the CFO and Head of Internal Audit.
- Adjust controls as needed based on new and evolving processes.
Audit Support:
- Act as the liaison for internal and external audits, scheduling and managing audit requests.
- Review audit reports and assist in addressing findings.
- Participate in risk assessments related to financial reporting controls.
- Prepare for quarterly Audit Committee meetings.
Financial Reporting:
- Assist in preparing management accounts and annual financial statements.
- Support the CFO in drafting quarterly board reports.
Additional Duties:
- Research new accounting pronouncements and document responses.
- Perform backup general ledger accounting duties.
- Serve as backup Finance Manager when necessary.
- Manage Finance department vendors.
- Engage in enterprise risk management activities.
- Handle ad hoc requests from the CFO.
Skills:
- Self-motivation and ability to work independently.
- Effective management of multiple deadlines and workload prioritization.
- Strong analytical and communication skills.
- Ability to work in a dynamic and changing environment.
- Proficiency with Microsoft Office, especially Excel.
- Willingness to travel within South Africa at least twice a year.
Qualifications:
- CA (SA) certification (mandatory).
- IIA certification is a plus.
- Minimum two years of post-SAICA articles experience.
- Experience in a similar role within the insurance industry is advantageous.
- Advanced computer literacy, particularly in Microsoft Office Suite.
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