Position Name

Senior Internal Auditor

Reports to

Managing Director/Board of director 

Responsibilities & tasks

Under the supervision and guidance of the Head of internal audit & compliance:

• To work diligently on the assigned work on time and to produce results;
• To comply with the instructions of the employer or his/her representative;
• To comply with the laws, regulations and decisions of the Cooperative;
• To take good care of and manage the equipment assigned to him/her in his/her work;
• To be at work and to respect working days and hours;
• To maintain confidentiality of work;
• To provide basic identification documents before starting work;
• To follow the principles and rules governing the conduct of the Cooperative's business activities;
• To prepare a monthly, quarterly and annual audit plan based on activities that appear to be likely to cause damage or waste the Cooperative's assets;
• Ensure that internal audit guidelines and principles are properly followed to prevent errors or possible malpractices;
• Report any shortcomings in the daily operations of the department with a view to preventing theft, embezzlement and misuse of funds;
• Establish a table of issues identified by the audit, recommendations made by the audit and the methods for their implementation;
• Review whether the internal audit system is working properly, identifying strengths and areas for improvement, and providing recommendations for action;
• Review whether the accounting has been carried out in accordance with International Financial Reporting Standards (IFRS), the regulations of the Central Bank of Rwanda (BNR), and that the information contained is complete and reliable to assist in making informed decisions;
• Verify whether all activities of the Cooperative comply with applicable laws and regulations;
• Analyze the efficient and effective use of the Cooperative's resources to achieve its objectives;
• Monitor and analyze the causes of problems in order to

determine methods and strategies to solve and prevent them;

• Maintain proper records and audit evidence;
• Conduct a special audit of the funds on hand and verify how these funds are used and authorized, to ensure that no errors are made;
• Verify that shares, deposits, loan payments, and interests are correctly recorded in the Cooperative's IT system and ensure that they are properly processed;
• Review whether loan files are completed as required by the loan policy, the loan disbursement and repayment procedures, and ensure that loan and interest payments are properly processed;
• Review and confirm that all outstanding debts have been recovered as planned;
• Prepare periodic reports on internal audits, showing whether the operating procedures and regulations are being followed;
• Review the bank statements and corresponding documents and verify that the Cooperative's assets are properly protected;
• Monitor the implementation of the resolutions of the meetings issued by the competent authorities;
• Provide advice on all irregularities and submit them to the relevant authority;
• Submit internal audit plans and reports to the supervisor;
• Supervise the work carried out by other employees;
• Supervise the implementation of the strategic& business plans, action plan and budget;
• Timely prevent and disclose any conflicts of interest or lack of segregation of duties;
• Perform other duties that are not contrary to the laws and regulations required by the supervisor, employer or superior body.

Qualification Criteria/

Job Requirements

• Bachelor’s degree in Accounting or Finance.
• five (5) years of experience in auditing, and a thorough understanding of Microfinance Banking and accounting practices.
• Good strategic thinking, with risk and control consciousness.
• Strong analytic skills.
• Professional qualification in auditing is an added value;
• High attention to detail and excellent analytical skills.
• Excellent communication skills
• Professionalism and integrity.
• Proven knowledge of auditing standards and procedures, laws, rules and regulations.
• Advanced computer skills on MS Office and Core Banking Software.