Internal Audit Officer – Finance at National Oil Company of Malawi (NOCMA)

The National Oil Company of Malawi (NOCMA) whose main objective is to ensure security of fuel supply in Malawi is a wholly owned Malawi Government Company established under the Company’s Act of 1984 on the 10th of December 2010 and commenced its operations in 2012. NOCMA is responsible for managing the Country’s 60 million litres Strategic Fuel Reserves facilities situated in Blantyre, Lilongwe and Mzuzu, and smaller depots in Chilumba, Chipoka and Mchinji.

Over the past thirteen (13) years, the Company has grown tremendously in its national strategic importance with its fuel importation market share growing from ten percent (10%) in 2015 to an average of sixty-five percent (65%) in 2023/2024 and this has been matched with growth in institutional capacity and investments to enable efficiency and effectiveness in executing its mandate.

In its drive to ensure improved and sustained efficiency and effectiveness in delivery of its mandate, NOCMA is seeking to recruit qualified and experienced candidates to fill the following highly rewarding positions that have arisen within the Company.

An attractive remuneration package is on offer to the right candidates with prospects for career growth within the oil industry.

Applications are therefore invited for the following positions:

INTERNAL AUDIT OFFICER – FINANCE (NOC06) – CODE: IAO-F2024 – Tenable at Head Office in Lilongwe

PURPOSE

To provide internal audit and consulting services, compliance, efficiency, and effectiveness in ensuring financial operations.

KEY DUTIES AND RESPONSIBILITIES

1. Assist in the development and review of annual audit plans.
2. Review the design of accounting and internal control systems, monitoring their operation through risk assessment and detailed testing.
3. Implement financial audit activities and programs.
4. Assist in identifying and documenting value adding insights on business operations for discussion with management and inclusion in audit reports.
5. Conduct investigations on incidents of fraud, theft, forgeries, accidents, and other losses, advising on remedial measures.
6. Review the economy, efficiency, and effectiveness of operations.
7. Review compliance with laws, regulations, internal policies, and other directives.
8. Liaise with other assurance providers to avoid duplication and ensure adequate coverage of audit areas.
9. Assist in the facilitation of risk management training.
10. Review functional/departmental risk registers.
11. Perform any other duties relevant to the post.

REPORTING LINES AND SUPERVISORY RESPONSIBILITY

The Internal Audit Officer – Finance reports to the Internal Audit Manager. The post has no supervisory responsibility.

THE PERSON
The required candidate should have the following competences, skills, and attributes:

1. Planning and organizing ability in planning and organizing for delivery of required outputs.
2. Performance management – ability in staff supervision and motivation.
3. Communication and reporting – ability to prepare and present professionally researched papers that comply with standard policies and other requirements.

QUALIFICATIONS AND EXPERIENCE

1. A Bachelor’s Degree in Accounting or Bachelor’s Degree in Applied Accounting, Auditing & Information Systems, or any related field, from an accredited institution.
2. Full & current membership of a relevant professional body is an added advantage.
3. A minimum of four (4) years’ cumulative work experience, three (3) of which should have been spent at the same level in a similar role.

Method Of Application

Interested candidates who meet the required qualifications and experience should send applications with cover letter, copies of certificates, detailed curriculum vitae (CV), names, addresses and phone contact numbers of three traceable referees to the following address:

The Chief Executive Officer
National Oil Company of Malawi
4th Floor, Kang’ombe House, City Centre
Private Bag 370
Lilongwe
Attention: The Human Resources & Administration Manager
Email: [email protected]

Applicants should state clearly on the envelope or in the subject line of an email, the Code for the Post they are applying for.

The closing date for receipt of applications is 10th February 2024

Female candidates are strongly encouraged to apply as NOCMA is committed to achieving relevant gender ratios stipulated in the Gender Equality Act, 2013.