Junior Auditor

I. AUDIT PLANNING

1.1 Participates in the Risk-based Annual Audit plan preparation for the approval of the Audit

Supervisor and Audit Committee.

1.2 Participates in audit engagement plan. Planning includes conducting preliminary survey to

understand the activity under review, identifying areas of significant risks and evaluating the

adequacy of the controls designed to manage those risks, establishing audit objectives and

scope, nature and extent of audit testing, determining the necessary resources to perform

the audit and determining the targeted completion dates.

1.3 Participates in the preparation of audit program which includes auditing procedures to be

used, including statistical sampling and use of computer assisted audit techniques (CAATS)

including determining audit scope, time estimates and steps necessary to collect data and

document findings.

1.4 Conducts independent finance and operations audit to units concerned as per audit plan or

Special engagements.

MAIN FUNCTIONS ASSIGNED

a. 7/11 operations- inventory and sales & collections audit. Frequency: Monthly

b. Cash count, sales & services and collections audit of all businesses (Manila / Dasma /

Satellites-scheduled audit ) Frequency: Monthly

c. Inventory Audit and Reconciliation (Supplies, Fixed Assets and other Spot

inventoriable assets)

for Magshop, Laboratory, Healthhub and Maghouse. Frequency: Every 2 months

d. Monitoring of status of loan collaterals and compliance on loans and investment

policies and procedures. Frequency: Every two months

e. Monthly monitoring and review of share capital and savings balances in CASAL and

SAP system.

f. Participation in the ISO internal auditing for CarePoint

g. Other duties that maybe assigned by the Audit Supervisor in the conduct of full audit

of clinic, loans and investment, member services, finance & accounting and compliance audit (data privacy / CDA/ other government mandated rules)

1.5 Carries out projects according to professional standards in the planning, execution and

accumulation of evidentiary data while at the same time achieving objectives.

1.6 Conducts compliance audit to the corporate policies and government rules of all Magcoop

multi-purpose nature of businesses and operations

1.7 Give suggestions on how to improve group's current practices, operations, risk

management, control and governance processes.

1.8 Evaluates the adequacy, aptness and soundness of internal controls of the organization.

1.9 Prepares audit working papers to ensure that documentation adequately supports audit

findings and conclusion.

1.10 Prepares draft of audit report presenting the audit findings, results and recommendation to the management. Discusses with the Audit Supervisor the results of the engagement to

ensure correctness of findings and appropriateness of recommendations.

II. AUDIT FINDINGS TRACKING

2.1 Discuss audit findings and recommendations with Audit Supervisor and auditees for them to identify the root cause of the problem and formulate corrective action to prevent the problem from recurring and/or formulate preventive action to prevent a potential problem from occurring.

2.2 Conducts follow-up audit to determine the adequacy, effectiveness and timeliness of actions

taken by management on reported audit findings. Prepares quarterly progress updates report

on the agreed recommendations/action plans.

2.3 Ensures file documents, working papers and audit reports are properly maintained and safe

keep.

Job Type: Full-time

Pay: Php25, Php27,000.00 per month

Benefits:

• Additional leave
• Company events
• Employee stock ownership plan
• Health insurance
• Life insurance
• Paid training
• Pay raise
• Promotion to permanent employee
• Work from home

Education:

• Bachelor's (Preferred)

Experience:

• Internal Audit: 1 year (Preferred)

Work Location: In person