Mkhondo Local Municipality is looking for independent, qualified, and experienced individuals to serve as Audit Committee Members. This position plays a critical role in ensuring the municipality’s financial governance, internal controls, risk management, and overall performance monitoring. If you have the required expertise and a passion for promoting good governance and accountability, this is an exciting opportunity to contribute to the development of your local community.
Position Overview:
- Department: Office of the Municipal Manager
- Division: Internal Audit
- Position: Audit Committee Member
- Term of Office: 3 years (subject to renewal)
- Location: Mkhondo Local Municipality
- Closing Date: 15 January 2025
Key Requirements:
To qualify for this role, candidates must meet the following minimum criteria:
- Education: A minimum of a B Degree qualification.
- Experience: At least five years’ experience serving on an Audit Committee or ten years’ experience at an executive level in an Internal/External Audit environment, Performance Management, or Information Technology.
- Field Expertise: Knowledge and experience in any of the following areas are highly desirable:
- Financial and Management Accounting
- Performance Monitoring and Evaluation
- Risk Management
- Legal
- Information Technology
- Local Government Sector Financial Management
- Accounting and Auditing
- Performance Management
- Engineers: Civil, Electrical, Environmental
- Time Commitment: The Audit Committee member should be able to allocate 3 to 4 hours per quarter for municipal business and committee activities.
- Governance Framework: Ability to work within the Audit Committee Charter and operate independently to uphold sound governance principles.
- Community Engagement: An interest in local community affairs and the ability to contribute to transparent administration and good governance.
Key Functions and Responsibilities:
The appointed Audit Committee member will be expected to provide advisory services in the following areas:
- Internal Audit: Oversee the municipality’s internal audit function to ensure that it aligns with best practices.
- Risk Management: Provide guidance on identifying and managing municipal risks.
- Performance Management: Advise on monitoring the performance of the municipality’s operations.
- Internal Controls: Ensure the robustness of internal controls to safeguard municipal assets and resources.
- Accounting Policies: Review and advise on accounting policies and procedures.
- Financial Reporting: Evaluate the adequacy, reliability, and accuracy of the municipality’s financial reports and information.
- Governance: Promote effective governance structures and practices within the municipality.
- Annual Financial Statements: Review and recommend approval of the municipality’s annual financial statements.
- Auditor-General’s Report: Advise on actions required from the Auditor General’s findings.
- Investigations: Assist in investigations into any acts of dishonesty or financial irregularities.
- Combined Assurance Model: Oversee the application of the combined assurance model to ensure a coordinated approach to all assurance activities.
- Audit Oversight: Oversee both internal and external audit processes to ensure their efficiency and effectiveness.
Desired Qualities:
The ideal candidate should possess the following qualities:
- Independence: Ability to function independently and objectively.
- Integrity: A strong commitment to ethical conduct and transparency.
- Objectivity: Ability to make impartial, fact-based decisions.
- Time Dedication: Willingness to dedicate time and effort to council responsibilities.
- Communication: Excellent verbal and written communication skills.
How to Apply:
If you meet the above requirements and are eager to contribute to the governance and success of Mkhondo Local Municipality, submit your application to:
Municipal Manager
P.O. Box 23
Piet Retief, 2380
Remuneration:
- Appointed members will be remunerated for attending meetings in line with the prescripts and guidelines of National Treasury.
Closing Date:
The closing date for applications is 15 January 2025. Late applications will not be accepted, so be sure to apply before the deadline.
Conclusion:
This is a prestigious opportunity to help shape the financial and operational health of the Mkhondo Local Municipality. As an Audit Committee Member, you will play a pivotal role in ensuring sound financial management, risk mitigation, and effective governance. If you possess the necessary qualifications and experience, don’t miss your chance to contribute to the future of Mkhondo Local Municipality.
Apply today and be part of the team that drives transparent, accountable, and effective local governance.