Internal Audit Manager: Five-year Fixed Term

Sandton, South Africa

 

INTERNAL AND EXTERNAL VACANCY: INTERNAL AUDIT MANAGER: FIVE YEAR FIXED TERM

CEF is a Schedule 2 state owned diversified energy company reporting to the Department of Mineral & Petroleum Resources. The Mandate of CEF is to contribute to the security of energy supply of South Africa and the Region through exploration, acquisition, development, marketing and strategic partnership. It is derived from the CEF Act (No 38 of 1977) and the Ministerial directives issued thereafter.

JOB PURPOSE:

To manage the execution of the annual internal audit plan by leading and overseeing audit engagements, ensuring alignment with the organization’s strategic risks and control environment.

REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE:

  • Honours degree (NQF 8) in Accounting, Auditing, Risk Management or equivalent.  
  • A minimum of 5 years' experience in managing the Audit function and of which 1 to 3 years’ experience must be in a senior management position.
  • AGSA/External audit experience is preferred.
  • Certified Internal Auditor/CA(SA)/ACCA.
  • Master’s Degree (NQF 9) in Accounting, Auditing, Risk Management equivalent or related field will serve as an added advantage.

DESIRED ADDITIONAL SKILLS/ COMPETENCIES:

  • Basic knowledge of auditing standards, policies, procedures and frameworks
  • Basic knowledge of PFMA, Treasury Regulations, King IV, and applicable legislation
  • Advanced knowledge of relevant business practice or area to be audited
  • Strong understanding of the AFS review and Audit of the Performance Information (AOPO)
  • Good team management and prioritization skills.
  • Excellent delegation skills and communication skills
  • Strong reporting skills and analysis skills
  • Good team-mate system skills
  • Attention to detail with strong interpersonal skills
  • Good project management, planning and organizing skills.
  • Highly assertive and investigative.
  • Strong data analysis and factual decision making
  • Highly independent, objective, ethical, meticulous and goal orientated.

KEY PERFORMANCE INDICATORS:

Audit Planning and execution oversight

  • Develop and maintain the rolling risk-based internal audit plan
  • Allocate audit assignments and resources according to risk priorities and capacity
  • Oversee end-to-end execution of complex and high-impact audits
  • Ensure adherence to internal audit methodology, performance standard and Internal Auditing standards.

Audit review and Quality assurance

  • Review audit files, working papers, and reports to ensure accuracy, completeness, and compliance with IIA Standards
  • Drive continuous improvement in audit quality, tools, and techniques
  • Oversee the Implement recommendations from quality assurance reviews (internal and external)
  • Ensure all the projects are signed off on the audit software from planning, Execution, reporting and follow up

Reporting and stakeholder engagement

  • Prepare consolidated audit reports for submission to the CAE and Audit Committee
  • Support and facilitate audit exit meetings and discussion of findings with business units
  • Provide guidance and assurance to management on governance, risk, and control issues
  • Coordinate with external auditors and other assurance providers

Strategic advisory and support

  • Contribute to the development of the Internal Audit Strategy and Annual Plan
  • Assist the CAE in preparing Audit Committee packs and strategic reports
  • Provide input into organisational risk assessments, fraud prevention strategies, and governance reviews
  • Promote the value of internal audit as a business partner and change enabler

Resource management

  • Responsible for managing the team’s performance by allocating audits, reviewing and monitoring progress and providing first line escalation support
  • Develop the performance agreement contracts with Senior IA and ensure delivery thereof.
  • Responsible for ensuring the team attends development initiatives to ensure they remain compliant with their relevant certifications
  • Responsible for managing departmental spend according to the approved budget.

Publish date:    18 August 2025

Closing Date:   27 August 2025

 

NOTE: The successful candidate/s for the advertised position/s will be required to undergo personnel suitability checks, which includes, criminal records, citizenship, financial checks, qualifications and previous employment (Reference checks). It is the responsibility of the applicant to make sure that foreign qualifications are evaluated by the South African Qualifications Authority and the evaluation certificate is attached to the application on submission. If you do not hear from the CEF SOC three months after the closing date of the advertisement, consider your application unsuccessful.  CEF SOC reserves the right to not fill this position. CEF SOC is an equal employment opportunity and affirmative action employer, and it is committed to the achievement and maintenance of diversity and equity in employment, especially in respect of race, gender and disability. This position will be filled in accordance with the CEF SOC Employment Equity Plan.

Department: Internal Audit