The Internal Audit will serve as an Independent and objective oversight function to provide assurance designed to add value around Sacco operations.
This role requires significant communication, engagement, influencing, process, and controls skills to assist the SACCO in understanding and managing its risk. It requires significant experience of internal audit practices. The role will involve interfacing with relevant audit stakeholders, scoping of audit work, testing of systems and processes and providing timely reporting on the results of the audit to the management.
The role holder will be proactive and help to embed a strong culture of compliance to ensure excellence in systems and processes. The role will also support other audits/ audit initiatives as determined by the corporate internal audit plan.
Responsibilities
Work within the Internal Audit budget to deliver revenue enhancements and cost savings
Develop and implement fraud, internal audit and assurance policy, procedures and work instructions
Contribute to enhancements in controls and processes
Conduct planning of Internal Audit and assurance activities
Conduct completion of SACCO risk assessment in all departments and assist in the development of the internal audit plan
Timely follow-up of findings from previous audits, as well as action plans from audit reports
Review internal audit and quality work done and reports related to processes/ activities/ departments reviewed and propose new controls, methods, processes, procedures, flow of information/ documents (through agreed recommendations) to improve efficiency and to minimize business risks.
Participates in transversal projects and helps in defining projects scope, goals and deliverables that support strategic objectives and SACCO goals, effectively communicate project expectations to team members and stakeholders.
Timeliness, readability, usefulness, and accuracy of audit reports.
Adherence to the internal audit procedures manual
Conduct the process of updating company’s quality procedures and work instructions (quality documentation) and ensure review and approval of transversal processes.
Developing reporting formats relevant to Audit Committee of the board and Senior Management.
Monitor quality objectives and proposes corrective / preventive actions necessarily for main business processes and Quality Management System continual improvement
Conduct assessment and evaluation of fraud risks within the company and facilitate development of appropriate risk responses.
Coordinates with various departments/functional units to identify priority processes and formulization and establishment of associated KPIs at various levels in line with the SACCO’s objectives.
Developing reporting formats relevant to Audit Committee of the board and Senior Management.
End-to-end review of business processes to identify risks and develop risk mitigation measures
Take responsibility for self-development through self-study, identification of learning opportunities on internal audit and risk management
Embark on a continuous learning drive to stay abreast with best practice in financial and related industries
Ensure a thorough understanding of the SACCO’s products and services, policies and procedures to ensure a consistent delivery of the risk message to all staff
Desired Skills and Experience
Degree in Accounting, or Finance
A qualified internal auditor (CIA) / systems auditor and a qualified accountant (CPAK or ACCA)
Good understanding of risk management and internal control procedures and how these should be applied within core business processes
Internal auditing experience (3 or more years) in audit scope development, design of audit testing and audit reporting; or 3 years external audit experience
Strong record of working autonomously and delivering results
An understanding of corporate governance, IT security and relevant legislation
Advanced data analytics skills and good at working with data visualization
Excellent with MS Office and good at report writing
Experience within the co-operatives sector will be an added advantage
Job Requirements
Required education
: Bachelor's degree
Required relevant work experience
: 3 years
Required languages:
English (Spoken: fluent | Written: fluent)
Mandatory attachments
Please have a scan or photo of these documents ready when you start the application:
Self-prepared CV file
- the employer wants to see a CV that you have prepared yourself
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