Internal Audit Officer

Job Ref #: GPF-55
Industry: Professional
Job Type: Permanent
Salary: Market Related

Description:

JOB PURPOSE

The Internal Audit Officer will support the Manager: Internal Audit in providing an independent evaluation of the activities of the GPF and its related divisions and business units, centrally coordinating all audit and control activities within the company and ensuring strict adherence to the company’s internal policies and procedures as well as regulatory and statutory requirements in order to promote transparency and accountability, add significant value, enhance risk management, governance and compliance, improve operational efficiency, and strengthen the internal control systems within the operations.

KEY PERFORMANCE AREAS

The incumbent is expected to deliver on the following detailed key performance areas:

1. Implements internal audit activities by
   1. Assisting in the development, maintenance, implementation and review of the internal audit work programme, audit plan and risk register and drive the development, deployment and update/review of the relevant policies, charters, methodologies, combined assurance framework/ plan and other frameworks for the Internal Audit Function.
   2. Establishing effective business relationships within the GPF and assist management in the understanding/application of and adherence to internal control, risk management, compliance and governance principles.
   3. Performing audits (planning, execution and reporting) through the review of physical and electronic records, evaluate the level of compliance with established business control policies, processes, procedures, standards, laws and regulations in assigned functional areas/business units, identify control weaknesses or process improvement opportunities and initiate workable solutions.
   4. Documenting and filing working papers and audit procedures performed.
   5. Tracking timely and effective corrective actions taken following audit recommendations.
   6. Providing functional/technical support, advice and guidance and assist in the transfer of skills to audit staff; Monitor the execution of tasks and instructions.
   7. Drafting audit findings and audit reports as supported by the audit planning and execution conducted.
   8. Maintaining back up (physical and electronic) of all internal audit materials for easy retrieval and reference and monitor the document management process across the Company.
   9. Assisting in risk assessment, monitoring and reporting.
   10. Monitoring and drive compliance with regulatory and statutory requirements across all business areas.
   11. Investigating and reporting all alleged cases of fraud, waste, abuse and inefficiencies and making recommendations on appropriate preventive or remedial actions.
   12. Implementing the internal audit strategic initiatives relating to key responsibilities.
   13. Quality assuring internal audit work in terms of Quality Assurance standards (IIA) and in line with Internal Audit methodology.
   14. Carrying out other responsibilities as may be required by the Manager: Internal Audit, Management or Board.

1. Ad – Hoc DutiesImplementing ad-hoc assignments and instructions by Management, Executive Management, the ARC and the Board of trustees, as and when required. 
2. GPF ValuesDemonstrates willingness to align to the GPF Values by
   1. Their ability to work closely with others
   2. Being pro-active in assisting others
   3. Contributing to meetings and brain storming sessions
   4. Mentoring and coaching of interns
   5. Liaising with various internal departments for smooth and quick turnaround of programmes and projects

Requirements:

1. APPOINTMENT REQUIREMENTS

• A minimum of Bachelor’s degree in Auditing/Accounting/Finance, or related qualification at NQF level 7
• Minimum of 5 years of experience in the internal control and or audit function,
  preferably in the financial services or property related industry,
• Relevant professional certification e.g. IIASA, IRBA, SAICA or any other recognised internal audit professional bodies.

CLOSING DATE: 19 JULY 2024

Click here to apply

More about GPF:

Who we are

The Gauteng Partnership Fund, an agency of the Gauteng Department of Human Settlements, combines resources from the private and public sectors to speed up the development of affordable rental housing near amenities and economic opportunities. Its aim is to enhance the socioeconomic state of Gauteng communities.

• GPF is a schedule 3C Public Entity founded in 2002.
• 100% owned by the Gauteng Department of Human Settlements.
• Initial mandate focused on social housing market and over the years evolved to include affordable housing.
• Key mandate was to attract public and private sector capital into low income housing sector.
• The Core Mandate of GPF is to serve as the funding and implementing agent for integrated, sustainable human settlement developments in the Gauteng City Region and custodian of strategic provincial land and/or property transferred to GPF for effective immovable asset management and coordinated, efficient implementation of mega human settlement developments
• The GPF offers innovative funding products designed to share project risk with the private sector.

What we do

The four (4) Strategic outcome-oriented Goals are as follows:

1. Capital required for identified mega projects and strategic urban renewal (bad buildings) programmes effectively and efficiently raised, managed and invested.
2. Gauteng’s identified mega projects implemented and developed efficiently and speedily.
3. Identified strategic urban renewals properties and GPF turnkey Mega Project property assets are developed, managed, maintained and disposed of, to generate additional revenue for GPF and the capital for Mega projects.
4. GPF financially sustainable, managed and governed effectively and efficiently.

Capital Raising: Use of public sector funding to leverage additional funding and facilitate capital flows into integrated, sustainable human settlements through the formation of strategic partnerships with local and international donors, development finance institutions and private sector partners.

Project Preparation: Through the development of bankable feasibility studies and innovative funding interventions as a mechanism to entice capital market investment.

Project Financing: Through an equitable risk sharing model. Serving as a catalyst to ensure that other funding sources are enticed to participate in funding of projects.

Project Implementation: To provide an oversight and monitoring role for mega projects. This is to ensure delivery of housing units in an integrated approach.

Property Development: To maintain, secure, develop and leverage the value of the land/property to unlock funding for development

Vision & Mission

The Vision of the GPF is:

“To be a partner of choice in catalysing the funding and development of integrated and sustainable human settlements in Gauteng.”

The  Mission of the GPF is:

GPF exists to facilitate the development of integrated, sustainable human settlements for the people of Gauteng by:

• Raising and managing the capital required for the successful implementation of identified sustainable human settlements;
• Serving as a turnkey property developer on strategic public land and providing management services; and
• • Enhancing the lives of people in communities while also providing investors and partners with sound returns.

Our core values are embedded in our culture of professionalism and excellence, and are expressed in the execution of our mandate, vision, mission, goals and objectives.

Abr.	Value	What the value means for GPF in practice
T	TEAMWORK	We collaborate and solve problems to achieve team goalsWe learn from our mistakes and share knowledge with each otherWe care about each other, and we give honest feedback
R	RESPECT	We can be trusted to deliver as agreedWe trust one another and ignite the spirit of UBUNTUWe respect the opinions of othersWe aim to minimise adverse environmental impacts across all our projects
A	ACCOUNTABILITY	We proactively get things done without being asked to do soWe don’t shift the problem to someone else, we own the resolution of the problemWe drive excellence and professionalism by giving our word and making things happen accordinglyWe take responsibility for the sustainability of our organisation in all that we do.
I	INTEGRITY	We uphold honesty and professionalism alwaysWe do our work in an ethical and transparent mannerWe build trust through responsible actions and honest relationships
CC	CUSTOMER CENTRICITY	We place our customer at the centre of all that we doWe always add value to our customers through great experiencesWe treat our people and customers with care and dignity
I	INNOVATION	We continuously develop great products and servicesWe are agile and flexible to solve problems for our internal and external customers, while we continuously learn and growWe develop and adjust to new ways of working while leading the change

These shared values are regarded as paramount to the success of the organisation. GPF also recognises that a values-driven leadership approach towards crafting a high-performance culture requires targeted management intervention to ensure that the values are visible and lived by all within the organisation, without exception.

Mandate

The mandate of GPF is “to serve as the funding and implementing agent for integrated, sustainable human settlement developments in the Gauteng City Region and custodian of strategic provincial land and/or property transferred to GPF for effective immovable asset management and coordinated, efficient implementation of mega human settlement developments”.

More specifically, GPF’s mandate comprises the following key roles/functions:

• • Fundraising and investment facilitation: Use of public sector funding to leverage additional funding and facilitate capital flows into integrated, sustainable human settlements through the formation of strategic partnerships with local and international donors, development finance institutions and private sector partners;
  • Project Preparation and Funding Packaging: To assess project readiness, coordinate and facilitate the process to close the project readiness gaps in collaboration with relevant stakeholders. Develop bankable feasibility studies and facilitate funding and investment in human settlement projects;
  • Project Financing: To facilitate an equitable risk sharing and project financing model;
  • Project implementation, coordination and oversight: Project management, monitoring and evaluation of the development of Mega Projects by developers and contractors;

• GPF custodianship of strategic provincial land and/or property for development and life cycle asset management: To maintain, secure, develop and leverage the value of the land/property to unlock funding for development. The intent is to enhance GPF’s balance sheet for sourcing additional funding for all elements/sectors that comprise integrated, sustainable human settlement developments.
  • This includes the role of GPF as a Property Developer and Manager: Turnkey planning and execution of projects on strategic land/property designated to GPF as custodian.
  • In this context, GPF summarises its Value Proposition (Purpose) as follows:

“In support of the spatial transformation of the GCR, to develop integrated, sustainable human settlements by leveraging strategic partnerships, providing innovative funding solutions, facilitating effective project implementation, and developing and managing strategic land and property designated to GPF as custodian”