INTERNAL AUDITOR

• Deadline: Expired

Job summary 
The Internal Auditor will be in charge of the Internal Audit Department that serves as an independent and objective oversight function to provide assurance designed to add value and improve Sacco
operations.
The department as a board oversight function will help the Sacco in accomplishing its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk
management, internal control, and governance processes.
The position reports administratively to CEO and Functionally to Audit & Risk committee.

Responsibilities

1. Develop and implement the SACCO’s overall audit strategy, policies, procedures and programs to minimize current and future exposure to financial, operational or other business risks.
2. Plan and monitor auditing of all functions to ensure compliance with the SACCO ‘s policies, procedures and statutory requirements.
3. Ensuring that the society is well prepared during the external audits and all documentation are provided and explanations including the source documents like vouchers, receipts, minutes etc.
4. Ensuring that all payments and receipts are all recorded and proper approval and authorization are done. Verification and vouching of all expenses and assets. Proper loans process is followed as per laid down
   credit policy and strict adherence of other policies.
5. Maintain an audit risk profile for the SACCO and propose an annual programme of audit activities in conjunction with the relevant departmental heads.
6. Undertake specific independent audit assurance e.g. post implementation reviews and major proposals.
7. Make recommendations and contribute to the development of solutions to improve the internal control and operational environment based on the audit findings.
8. Ensure heads of departments provide action plans to address the control weakness for each issue raised in the audit report with timelines for implementation and clear ownership of action.
9. Update the monthly report with the progress on implementation of high-risk audit actions and follow up with the audit client to drive quick resolution of the high-risk control weaknesses.
10. Quarterly audit reports to Management (through the CEO) and to the Audit Committee.
11. Ensure that the internal audit activity maintains its independence and objectivity.
12. Liaison with Supervisory committee and external auditors.
13. And any special investigations assigned by the CEO and/ or SACCO Board.

Qualifications  

1. Bachelor Degree in Accounting/Finance options.
2. Professional accounting qualification CPA (K) or ACCA
3. ICPAK membership & in good standing
4. CISA/CFA/CIA added advantage
5. MBA will be an added advantage
6. Minimum of 3 years’ experience in Audit and 2 years in a similar/management position.
7. Knowledge of computerized audit techniques and experience in systems audit will be an added advantage
8. Knowledge of Deposit Taking Sacco/ Financial institution

Key Competencies 

1. Sound leadership skills.
2. Attentive to details.
3. Good communication and interpersonal skills.
4. Systems audit experience.
5. Works Independently with minimum supervision.
6. Analytical and result oriented.
7. A person of integrity.
8. Good problem-solving skills

Interested candidates to submit their application letter and curriculum vitae in PDF format to [email protected] by 28th  August 2024.