In brief, the Internal Auditor will be responsible for ensuring that all Sacco operations are in compliance with existing legislations, Sacco Rules, Regulations and Procedures and will have the overall responsibility to manage the Saccos Internal Audit function, providing an independent and objective appraisal of Saccos financial operational and internal control activities.
The position will also provide recommendations for improving these controls and other aspects of the business.
Key Responsibilities
Formulating and implementing the risk-based internal audit strategy to evaluate the Saccos operating standards
Initiating and maintaining internal audit controls systems for effective utilization of the Society’s resources
Coordinating internal and external auditors annual and interim audits
Preparing periodic audit reports for the Board
Ensuring compliance with established and internationally recognized management systems, administrative and personnel policies as well as procurement procedures
Conducting ad- hoc and special audit of systems and financial transactions
Evaluating the financial and operational procedures of adequacy and effectiveness of internal control systems
Advising the Board on audit, risk and control issues
Determining compliance with policies and procedures. by laws and other laws
Reporting functionally co the audit committee and administratively to the C.E.O
Performing any other duties that may be assigned
Education arid Professional Qualifications
Bachelors degree in business related field from a recognized university
Suitable professional qualifications such as (CPA (K), CFA, CISA or ACCA).
Proficiency in MS office packages and working experience in a computerized environment preferably an ERP
Member of professional body such as ICPAK or ACCA with a current good standing
At least three (3) years relevant experience, two (2) of which must be in a senior audit position in a financial institution or co-operatives sector.
Knowledge of credit and lending principles
Adequate knowledge of regulatory framework in the financial Sacco sector will be an added advantage
Internal Auditor
