Position : ASSISTANT FINANCIAL AUDITOR

The Roads Fund Administration (RFA) is a statutory body established to raise, administer and account for funds for the construction, maintenance and rehabilitation of public roads. RFA seeks the services of Assistant Financial Auditor. The position is tenable at the RFA head office in Lilongwe.

1. Job Overview

Reporting to the Financial Auditor, the Assistant Financial Auditor’s work entails financial, operational and systems audits of the RFA and in areas of mutual interest with RFA’s implementing partners.

2. Duties and Responsibilities
2.1 Risk based internal audit and assurance

• Carries out planned or assigned audit projects of the Roads Fund and the RFA in accordance with established documentation framework and standards.
• Audits RFA’s systems of internal controls, risk management, governance, compliance and fraud prevention and prepares draft audit reports for discussions with the auditees.
• Prepares internal audit reports for review by the Financial Auditor in line with agreed timelines.
• Reviews and tests RFA’s compliance with policies, plans, procedures, rules, laws and regulations.
• Provides advice to departments on measures they should take to improve their processes, procedures, systems and internal controls to minimize risk exposure.
• Analyses the economy, efficiency and effectiveness of RFA’s operations and practices with a view to propose improvements in them.

2.2 Audit reporting

• Prepares reports on audit results in accordance with established documentation framework and standards.
• Drafts audit reports and management letters and discusses audit observations, recommendations and conclusions with Financial Auditor and auditees.
• Follows up with auditees on the implementation of audit recommendations.

2.3 Special audits and reviews

• Assists the Financial Auditor in the execution of special audits, investigations and provides subject-matter expertise as needed.
• Supports external auditors in their annual audits of the Roads Fund and the RFA by coordinating information requirements.
• Assists in investigations of activities reported through RFA’s whistle-blower processes/hotline as requested.

3. Job Requirements

3.1 Knowledge, skills and abilities

• General knowledge of organizational functions, operations, compliance, information systems, good governance, enterprise risk management and internal controls.
• Good knowledge of generally accepted accounting principles and the International Financial Reporting Standards.
• Working knowledge of auditing standards, practices, procedures and techniques.
• Good working knowledge of Microsoft Office application packages.
• Ability to conduct audits with minimum supervision and to complete work within required deadlines.
• Ability to establish and maintain effective working relationships with team members, auditees and management.
• Ability to communicate clearly and concisely, both orally and in writing.
• Experience with use of audit management software packages such as TeamMate and Audit Command Language (ACL).

3.2 Education and experience

• At a minimum, a Bachelor’s degree in Accountancy or Internal Auditing from a recognised university.
• A part-qualified Chartered Accountant or Certified Internal Auditor (CIA) with at least 5 years progressive internal or external auditing experience.
• ICAM (Institute of Chartered Accountants in Malawi) or IIAM (Institute of Internal Auditors in Malawi) Membership.

Submission of Applications

Application letters and curriculum vitae with at least three traceable referees must reach either address below by 8th December 2024.

The Chief Executive Officer
Roads Fund Administration
Ngerengere Building, Ground Floor
Off Queens Drive
Private Bag 369
Lilongwe 3

Or

Email: recruitment@rfamw.com

RFA is an equal opportunity employer.

Only shortlisted candidates will be acknowledged.