Independent Member: Audit and Risk Committee

SUMMARY:
Independent Member: Audit and Risk Committee

POSITION INFO:

Independent Member: Audit and Risk Committee

At Medihelp, we live our values - excellence, compassion, collaboration, and transparency - every day. These values guide how we govern responsibly, protect the sustainability of the Scheme, and make a tangible difference in the lives of our members.

We are looking for an independent, objective and suitably qualified governance professional to serve as an independent member of Medihelp's Audit and Risk Committee.

As Independent Member: Audit and Risk Committee, you will provide specialist oversight and guidance on financial reporting, sustainability and going concern, internal controls, combined assurance, internal and external audit, and enterprise risk.

REPORTING STRUCTURE

The Independent Member serves as a member of the Audit and Risk Committee for a period of two years and reports functionally to the Board of Trustees through the Chairperson of the Audit and Risk Committee.

The Committee functions as a statutory sub-committee of the Board and remains accountable to the Board of Trustees.

REMUNERATION

The remuneration will consist of a market-related fee for each meeting attended, with additional compensation for supplementary meetings or services required. There are approximately three meetings per year.

REQUIREMENTS

• CA(SA) or a recognised qualification in auditing, accounting, finance, governance, enterprise risk management or assurance.
• At least 10 years' senior-level experience in audit, accounting, finance, risk, governance, assurance or compliance oversight.
• Previous service on audit, risk or governance committees, boards, or assurance oversight structures.
• Experience in medical schemes, healthcare funding, financial services or other regulated industries will be advantageous.
• Additional governance, forensic audit, risk, compliance, IT governance, cybersecurity or assurance credentials will be advantageous.

KEY COMPETENCIES

• Financial literacy, including IFRS and applicable reporting standards.
• Sound understanding of audit, assurance, governance, internal control and combined assurance principles.
• Enterprise risk oversight, strategic thinking, analytical ability and sound judgement.
• Independent thinking with the ability to challenge constructively and objectively.
• High ethical standards, integrity, confidentiality and awareness of regulatory developments.

WHY JOIN MEDIHELP?

Contribute independent expertise to a statutory sub-committee of the Board of Trustees.

Support sound governance, assurance and risk oversight for a 120-year legacy medical scheme.

Apply your senior-level audit, finance, governance or enterprise risk expertise in a regulated environment.

Help strengthen transparency, integrity and long-term sustainability in the interests of Medihelp members.