INTSIKA YETHU LOCAL MUNICIPALITY EXTERNAL ADVERTISEMENT Department: Office of the Municipal Manager Position: Audit, Risk & Performance Management Committee Members (X3) Remuneration Package: Municipal Council approved and in compliance with Treasury Guidelines OBJECTIVES AND RESPONSIBILITIES: In accordance with the provisions of Section 166 of the Municipal Finance Management Act (56 of 2008), each Municipality is required to constitute an Audit, Risk and Performance Committee that will serve as an independent advisory body which must advise the Municipal Council and Management. The Audit, Risk and Performance Committee’s effectiveness in attaining its objective depends on its members’ knowledge and competence in financial reporting, effective governance and oversight on service delivery and organizational performance which must add value to the Municipality. REQUIREMENTS: - Degree or Post graduate degree in Accounting, Auditing, Risk Management, Legal, Information Technology and other related + Proven experience in the field, of Auditing, Risk Management, Legal, Information Technology, General Management and other related * Proven affiliation to relevant professional bodies (Accountants, Auditors, Legal or Risk Management) * Prospective member must have character, integrity, honesty and reputation beyond reproach + Excellent analytical, probing capabilities, good communication skills and objectivity + General experience of Management in the Municipal sector environment will be an advantage » Sound knowledge and understanding of local government is essential. Experience in serving on the Local Government Audit Committee will be an added advantage * Residents of the Intsika Yethu Municipality area of jurisdiction are encouraged to apply. ADDITIONAL QUALITIES: Integrity, independence, objectivity, dedication, understanding of public sector business cycles and controls, knowledge of internal and external audit functions in the Municipality or Public Sector, knowledge of the Municipal Finance Management Act and Treasury Regulations, implications on a constitutional institution, possess knowledge of management principles and high level of ethics, corporate governance principles/King report and independent judgment. KEY FUNCTIONS: Persons interested in this function and who are highly qualified therefore will be expected to advise on amongst others on the following matters relating to: + Advise the Council, Accounting officer and Management staff + Internal Audit * Internal financial controls * Accounting policies + Risk Management + Adequacy, reliability and accuracy of financial reporting and information + Performance management – Effective governance * Performance evaluation * Review annual financial statements * Review compliance with all regulatory requirements + Respond to Council on any issues raised by the Auditor General in the audit report + Carry out any investigations into the financial affairs of the Municipality as the Council may request - Any other issues referred to it by the Municipality. TERMS OF OFFICE: * Prospective members of the Audit Committee will be contracted for three years. REMUNERATION: * The remuneration of Audit Committee members is at the discretion of Municipal Council and in compliance with Treasury guidelines. SEQUENCE OF MEETINGS: * A minimum of four meetings will be held in a financial year. PLEASE NOTE: 1. Applications who have not received any response within 30 days of the closing date should regard their application as unsuccessful. 2. A candidate who canvasses any councillor or official for preference will be disqualified immediately from selection process or from appointment. 3. All candidates may be subjected to vetting before appointment. 4. The municipality reserves the right to/not to appoint. APPLICATION SUBMISSIONS To apply, interested candidates must submit a fully completed application form available from our website: https://www.intsikayethu.gov.za/ with the following documents + A signed application letter + Comprehensive CV « Certified copies of qualifications + Certified copy of identity document. Enquiries can be directed to: Chief Audit Executive, Mr. L. Bango at 047 874 8793/37, Email: bangol@intsikayethu.gov.za. All applications must be sent to: Municipal Manager, Intsika Yethu Municipal Offices2,0 1 Main Street, Cofimvaba, 5380. Applications should be dropped in the Municipal vacancies box at the Reception. Applicants are encouraged to use Courier Services. CLOSING DATE FOR SUBMISSIONS: On or before 09 January 2024, 16h30.
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