INTERNAL CONTROLS & COMPLIANCE SPECIALIST (SENIOR MANAGEMENT)

This position reports to the Financial Controller.

Key Performance Areas

• Maintain Internal Controls over Financial Reporting as required by the Securities and Exchange Commission (SEC) Guidelines.
• Project manage business process flow updates including performing financial risk assessments and designing new or updates to internal control environment.
• Review the execution of controls on a periodic basis.
• Support the timely remediation of control deficiencies.
• Liaise with key stakeholders e.g. External/Internal Auditors, Senior Management, Regulators etc.
• Perform financial risk assessments on key projects: review process flows, interview key stakeholders, identify key financial reporting risks, prepare a risk assessment report and provide recommendations.
• Provide internal control knowledge and expertise on ad-hoc/special projects.
• Collaborate with stakeholders to promote a culture of control compliance throughout Zambia Sugar and Illovo at large.
• Identify areas of improvement and implement necessary changes to address the gaps e.g., introduce new technologies and staying abreast of any changes in legislation.
• Ensure a consistent financial risk management approach across all functions by performing regular financial risk reviews.
• Continuously look for improvements in operational processes, policies and procedures and lead process optimization, continuous improvement, and efficiency projects.
• Support ABC (Anti-Bribery & Corruption) Reporting and monitoring compliance.
• Responsible for ensuring compliance with and timely delivery of Turnbull certification.
• Designing and implementing an overall risk management process for the organization, which includes an analysis of the financial impact on the company when risks occur.
• Maintaining records of local insurance policies and claims.
• Risk awareness, training and reporting tailored to the relevant audience.
• Create a policy framework guideline in line with Group requirements.
• Provide support and guidance on business controls across functional areas.
• Identify the required controls between interfaces (within and across teams).
• Design and implement processes to verify effectiveness of the controls across all sites.
• Perform gap analysis, action plan and guide implementation of Financial Control Framework requirements.
• Champion the governance role in new system implementation within the business.
• Implementation and follow-up of action plans to mitigate risks and address findings from audits and internal testing.
• Promote and adhere to Illovo’s procedures, policies, and guidelines, including, without limitation, those relating to SHERQ, Competition Law and Anti-Bribery and Corruption (ABC).

Minimum specifications / Requirements areas

• Full Grade 12 Certificate.
• Bachelor’s degree in accountancy; ACCA/CA Zambia or relevant Business/Finance/Risk qualification.
• Minimum of 7 years’ experience in an Operational, Financial or Commercial role. Risk management experience will be an advantage.
• Analytical ability; verbal and written communication; research skills; organizational skills; effective stakeholder engagement; project management skills
• Clean and valid driving license.
• Must be a fully paid-up member of the Zambia Institute of Chartered Accountants (ZICA).