North West Development Corporation Vacancies 2022 – Internal Audit Manager


The North West Development Corporation (SOC) Ltd was established to plan, finance, coordinate, promote and carry out the economic development of the North West Province and its people in the fields of industry, commerce, finance, mining, tourism enterprise-related activities, and other business resulting in wealth and job creation.

It is NWDC’s intention to promote equity (race, gender, and disability) through the filling of these posts for candidates whose promotion/appointment will promote representativity in line with the numeric targets as contained in our Employment Equity Plan.

Salary: R650 000.00 P/A 
Location: Mahikeng 

Job Requirements

To be considered the applicant must meet the following minimum requirements: 

  • An appropriate Bachelor’s degree in Auditing or Financial Management or an equivalent qualification.
  • A minimum of 6 years experience in internal or external audit from an audit environment with a minimum of 2 years experience in a management role within internal audit, External audit, governance, risk, compliance, or auditing environment.
  • Relevant postgraduate qualifications will be an added advantage.
  • Extensive knowledge and understanding of the operations of the public and private sectors especially in relation to the North West Development Corporation.
  • Good understanding of the PFMA Regulatory Framework and King IV Code of Good Practice.
  • Good understanding of the public sector policies and initiatives as well as the role of information in the Provincial Government decision-making.
  • Demonstrated strategic, and audit management ability and experience. Experience in leading and managing transformation, change, and diversity.
  • Generic management competencies, including strategic capability and leadership, program and financial management.
  • Must have a valid driver’s license 

Key Responsibilities

The applicant will be reporting to the Chairperson of the Audit Committee and the key performance areas among other are:

  • Develop an audit plan
  • Develop a manual to guide the internal audit department’s operation
  • Compile and recommend operational policies in respect of the unit’s functional activities
  • Develop a three-year roll strategic and annual audit plan in order to direct the audits for the specific year.
  • Re-align the audit plan as and when changes/risks in the organisation occur
  • Interpret legislative requirements to develop the structure of the plan and program and present it to the Audit Committee
  • Research key compliance aspects related to controls, risk, accounting procedures and practices, performance management, and loss control for inclusion into the plan and program
  • Develop compliance and IT audit strategy and policy and develop audit methodologies and procedural guidelines
  • Review financial statements accuracy by ensuring that assets and liabilities mentioned in reports really exist, analysing samples of work done, and interviewing staff 
  • Participate in the valuation of a business to ensure that the Corporation is valued according to assets at hand.
  • Manage and control the risk assessments of the organisation, ensure that high-risk areas are identified and appropriate resources are allocated to high-risk areas
  • Monitor and control internal audit projects so that the professional standards for the practice of Internal Auditing with regard to planning and documentation are adhered to
  • Appoint/source external specialists within the fields where there is a lack of skills
  • Assign auditors to audits based on skills levels and workload
  • Review the work conducted by auditors to ensure that working paper files are prepared in accordance with the IIA standards
  • Provide input and advice where required by the auditors
  • Liaise with the responsible auditor on the quality review in order to ensure the audit is conducted properly
  • Oversee that the draft report is complete, accurate, and adequately supported by the relevant audit evidence
  • Conduct follow-up audit reports ensuring that agreed corrective actions with management have been implemented and are working as intended Issue an audit report to support follow-up actions 
  • Manage follow-up audits to check that agreed solutions between audit and management were actually implemented and report deviations to the audit committee
  • Ensure that audit work in the field of investigations and fraud limitations have adequate resources and that the correct procedures are followed
  • Effective management of the budget to ensure that expenditure remains within budgetary constraints
  • Ensure accurate budget variance reporting
  • Manage & monitor the budget for allocated cost center/s
  • Ensure compliance with administrative controls over funds, contracts, and procurements, to preclude fraud or mismanagement of funds within the budget. It is a three-year rolling plan.

Note: All successful candidates will be required to sign a Performance Agreement Contract. 

It is NWDC’s intention to promote equity (race, gender, and disability) through the filling of these posts for candidates whose promotion/appointment will promote representativity in line with the numeric targets as contained in our Employment Equity Plan. 

Interested candidates are requested to forward a cover letter, detailed CV, and relevant certified academic qualifications (Not older than 6 months) to
No hand deliveries will be accepted.


Please clearly indicate which position you are applying for. 

A separate application is required for each position. 

HR-related enquiries may be directed to Mmathapelo Tamako
 Post-related enquiries may be directed to and/or 0732431772. 

The onus lies with the applicant to ensure that all foreign qualifications are verified by SAQA. 

Closing date: 11 November 2022. 

No late applications will be considered. 

Communication will be reserved for shortlisted candidates only. If you do not hear from us three months after the closing date please consider your application as unsuccessful. 

NB: NWDC reserves the right not to appoint.

Non-Executive Directors: Mr. KK Konopi (Chairperson), Ms. M Sentle, Mr ME Mojaki, Ms. SM Maleka, Ms. T Malaka, Ms. N Phadu-More, Ms. MJ Msiza, Dr. S Nokaneng, Mr. SW Ncongolo Executive Directors: Mr. Tshepo Phetla (Chief Executive Officer) Mr Kudakwashe Mpofu (Acting Chief Financial Officer) Company Secretary: Mr. K Mafokwane HEAD OFFICE: Po Box 3011, Mmabatho, 2735, North West Province, Republic of South Africa Telephone: (018) 381-3663 Website:

To apply for this job email your details to