The Higher Education Students’ Loans and Grants Board (HESLGB) is a Statutory body mandated to facilitate the provision of loans and grants to needy and deserving students who are pursuing higher education in accredited institutions of higher academic learning.

HESLGB is also mandated to facilitate the recovery of loans from all former beneficiaries of student loans.

HESLGB is looking for qualified and highly motivated individuals to fill the following available vacancies at the institution:

Title of Post : Internal Auditor (2 Positions)

Grade: HES 5

Reporting to : Internal Audit Manager

Purpose of the Job

To provide an independent, objective assurance and risk management activities designed to add value and improve the Board’s operations

Key duties and Responsibilities

1. Assist in planning, organizing, directing and coordinating implementation of Internal Audit services operational, human resource, administrative, organizational activities in accordance with good practice and legal provisions;
2. Developing, monitoring and reviewing implementation of the Internal Audit Charter, annual work plans, and audit policies & procedures;
3. Preparing annual budgets for Internal Audit Unit and ensuring that there is adequate and timely mobilization of resources and personnel in respect of audit programs for the furtherance of the objectives of the Board;
4. Developing and maintaining a quality assurance and improvement program and continuously monitoring its effectiveness;
5. Assessing key risks and developing a risk profile for the Board and evaluating it periodically;
6. Providing and efficiently managing the Board’s Internal Audit functions including reviewing, appraising and reporting on the soundness, adequacy and application of internal controls within the board; the extent to which the Board’s assets and interests are accounted for;
7. Enforcing issues of good corporate governance within the Board;
8. Reviewing the audited financial statements with the aim to provide advice to management;
9. Contributing to the effective management of the Board by conducting various ad-hoc, value for money, efficiency and utilization-type audit within all sections of the Board’s operations;
10. Undertaking special investigations at the request of the Executive Director, Heads of Departments/ Directorates or Audit Committee;
11. Providing consultancy and other client services (e.g. counsel, advice, facilitation, drafting policies, training and process/operations review) to the Board;
12. Assisting the Board’s External Auditors in their work by providing information relating to the method of operation of systems and procedures; and other out-sourced assurance services;
13. Representing the Board on audit matters at various forums.

Qualifications and Experience

1. Bachelor’s Degree in Finance, Internal Audit or Accounting;
2. Two (2) years practical audit experience at Internal Auditor level, membership to Institute of Internal Auditors (IA) a must.

Method of Application

All interested applicants should send their application letters and detailed Curriculum Vitae clearly indicating age, gender, and years of experience including copies of certificates, a copy of National Identity, and three traceable referees that include previous employer, not later than 19th October 2024 to:

The Executive Director
Higher Education Students’ Loans and Grants Board
P/Bag B417
Capital City
LILONGWE 3.

Alternatively, applicants can deliver the required application documents by hand to our Offices which are located in Mbulo Office Complex in Area 47, Sector 1, just behind Gateway Mall Shopping Centre, opposite the National Aids Commission Offices.

Applicants should indicate the posts they are applying for on the envelope. HESLGB is an equal opportunity employer and women are also encouraged to apply. Only shortlisted candidates will be acknowledged