% Time

Major Activities

Planning (10%)

Participate in developing and preparing the Annual Audit Plan that outlines the activities to be undertaken by the Internal Audit Department during the year. 

Develop Audit Engagement Plan 

Audit (60%)

Perform Audit work in accordance with the approved audit manual and professional standards. 

Carry out the procedures outlined in the internal audit plan under the supervision of supervisor. 

Carry out independent assessment of the application and compliance with the established company policies, procedures and regulations. 

Review, appraise and advise accordingly the soundness, adequacy and efficiency of accounting, financial, business operations process, MIS, HR and other internal controls and detect irregularities and illegal acts.

Perform operational reviews and appraisals on the cost effectiveness and efficiency with which company resources are employed in all VFR business processes. 

Review and advise degree of compliance of VFR business to its internal policy and procedures as well as VFI policies. 

Perform audit of the VFR assets to ascertain that they are properly recorded and safeguarded from theft, fraud, and misappropriation. 

Perform audits of the VFR’s liabilities and ascertain that they are accurate and genuine. 

Provide investigative services, as the need arises, and if possible, recommend changes on policies and procedures arising from the case(s) investigated in order to strengthen the VFR’s control management system. 

Carry out sampling tests for examination. 

Perform client visits during audit.

Clarify all audit findings with auditees during the process of audit fieldwork to minimize discussion time in the exit conference. 

Ensure all working papers are completed and in order – initials, cross-references, date, work descriptions, clearance. 

Write summary of audit results and conduct the exit discussion with the auditees.

Publish reports within the standards set. 

Assist in the execution of the external audit as well as examinations to be conducted by government regulatory agencies. 

Reporting (25%)

Submits a written audit report to supervisor ensuring sufficiency of audit coverage. 

Discuss the results of his audit with the respective unit/branch/department managers and advises on appropriate actions to improve conditions. 

Maintains adequate records of reports submitted and monitors whether actions to rectify the reported findings acknowledged are undertaken promptly. 

Review corrective actions and follow-up reports or management responses to the audit recommendations and follow-up with related branch or head office to clear responses as may be assigned.

5%

Other duties as assigned. 

University degree in accounting, finance, business administration, Microfinance or Banking, Business Information Technology (BIT) or other related field.

At least must be pursuing one of professional qualifications ( CPA,ACCA,CIA,CISA Or CFE) 

Computer skills, Microsoft office applications

At least 3 years’ experience in accounting, finance or in Audit