INTERNAL AUDITOR

Position Overview

We are licensed and regulated by SASRA, with an excellent track record and extensive member services over the years, is seeking to appoint an Internal Auditor.

Overall responsibility:

To provide independent appraisal of all the SACCO activities by providing assurance, insight and objectivity into the Society operations.

To examine and evaluate risk management framework, controls, and governance \ processes, to ensure they are adequate and functional.

Proactively advising and recommending improvements on internal controls and risk

management systems. 

Main Duties and Responsibilities:

• 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.

• Plan and monitor auditing of all functions to ensure compliance with the SACCO‘s policies, procedures and statutory requirements.

• Participate in the development, review and implementation of the Strategic plan.

• Ensure proper function of the system and all weakness identified are reported to system vendor on time.

• 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.

• 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.

• Maintain an audit risk profile for the SACCO and propose an annual programme of audit activities in conjunction with the relevant departmental heads.

• Undertake specific independent audit assurance e.g. post implementation reviews and major proposals.

• Ensure that all instances of significant risk or lack of controls are properly identified, all findings are factual, risk focused, and the agreed actions are clear/understandable and practical.

• Make recommendations and contribute to the development of solutions to improve the internal control and operational environment based on the audit findings.

• 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.

• 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.

• Prepare report for management reporting on the progress of the Sacco, internal control and weaknesses, audit activity and tracking of action plans from external auditors 

• Quarterly audit reports to Management (through the CEO) and to the Audit Committee.

• Assist the board with governance of the Sacco by advising on the direction in various issues.

• Ensure that the internal audit activity maintains its independence and objectivity.

• Liaison with Supervisory committee and external auditors.

• And any special investigations assigned by the CEO and/ or SACCO Board.

Knowledge: Qualifications & Experience

• Bachelor’s degree in finance or accounting.

• Professional accounting qualification CPA K is a must.

• Member of ICPAK or relevant professional body and in good standing.

• Minimum (3) years’ relevant experience.

• Knowledge of extreme ERP is an added advantage

• Experience in Sacco, bank and microfinance operations.

Personal Attributes required for this role

• Sound leadership skills.

• Attentive to details.

• Good communication and interpersonal skills.

• Systems audit experience.

• Works Independently with minimum supervision.

• Analytical and result oriented.

• A person of integrity.

• Good problem-solving skills.

How to Apply

Candidates who meet the above requirements should ensure to attach copies of academic and professional certificates, testimonials, detailed curriculum vitae and National ID not later than Friday 25th October 2024. Current and expected salary should be quoted in the application letter. Due to numerous numbers of applications received, only shortlisted candidates will be contacted