Head of Internal Audit and Compliance

TANZANIA REINSURANCE COMPANY LIMITED (TAN-RE)

Dar es Salaam 02/09/21 -30/09/21

Descriptions



Tanzania Reinsurance Company Limited
(TAN-RE) is a Reinsurance Company established in line with Section 70 of the
Insurance Act. No. 18 of 1996.The Company was dully incorporated as a limited
liability company under the Companies Ordinance CAP.212 of 2002. TAN-RE has
been registered to transact both life and non-life reinsurance business.



 



The company is now inviting a suitably
qualified Tanzanian candidate to fill the following position.



 



 



Position:
 Head of Internal Audit and Compliance



 



This position calls for a young, competent,
and qualified person of high integrity. The Head of Internal Audit and
Compliance shall report to the Board functionally and administratively to the
Chief Executive Officer.



 



Qualifications
and Experience



 



Candidates applying for this post
should have the following minimum qualifications:



 



Must possess a Bachelor’s degree in
Accounting, Finance or other related field and full professional qualification
such as CPA (T) or ACCA or its equivalent with 7 years relevant work experience.  He must be computer literate especially with computer
aided auditing skills and other accounting related software packages. The
holder must be a current member of good standing with the NBAA.



 



 



 



 



 



 



Duties
and Responsibilities



 



 



  • Developing
    flexible annual audit plan using appropriate risk-based methodology,
    taking into consideration any risks or control concerns identified by
    Board Audit Committee and Management and submit the plan, to the Board for
    review and approval.


 



  • Preparing
    detailed, comprehensive regular Internal Audit and Compliance reports to
    the Board Audit Committee and management summarizing results of audit
    activities.


 



 



  • Keeping
    the Audit Committee informed of emerging trends and successful practices
    in internal auditing.


 



  • Investigating
    significant suspected fraudulent activities and notify Management and the
    Board.


 



  • Performing
    detailed planning, supervision of fieldwork and review of subordinates`
    work.


 



  • Managing
    assignments to ensure that they are completed within stipulated time
    frames.


 



  • Monitoring
    compliance with Company`s policies and procedures.


 



  • Making
    recommendations and advise on desirable changes in policies, procedures,
    and systems.


 



  • Evaluating
    cost effectiveness of management decisions.


 



  • Inspects
    all books of accounts, vouchers, and receipt books in accordance with
    Financial Regulations.


 



  • Establishing
    and enforcing internal controls, workflows and policies for tracking,
    reconciling and reporting on accounting activities.


 



  • Improving
    overall financial reporting by streamlining control processes and
    reporting structures.


 



  • Identifying
    improvement changes regarding key processes for internal controls and
    accounting procedures.


 



  • Validating
    existing accounting management and reporting systems to assess quality and
    conformance, identify problems and implement corrective actions.


 



  • Reviewing
    historical records, current operational data and forecasting information
    to identify and capitalize on system enhancement opportunities.


 



  • Carrying
    out day-day-day duties accurately and efficiently


 



 



 



 



REMUNERATION



 



A competitive salary package will be
offered to the right candidate.



 



MODE
OF APPLICATIONS



 



Application letters supported with up-to-date
CV indicating three referees, with copies of certificates for academic and
professional qualifications and one recent passport size photograph should
reach the address indicated below within two (2) weeks of first appearance of
this advertisement:



 



 



Chief Executive Officer



Tanzania Reinsurance Company Limited (TAN-RE)



8th Floor, TAN-RE House,
Plot No.406, Longido Street, Upanga



P.O.Box 1505



Dar es Salaam



Tanzania



Tel +255 22 2922341/3



Email: mail@tan-re.co.tz



 



 



 



 




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