POSITION NAME:

SENIOR INTERNAL AUDITOR

REPORTS TO:

Managing Director/Supervisory Board

RESPONSIBILITIES & TASKS

Under the supervision and guidance of the Supervisory board with reporting line to the Managing Director:

• 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;
• Plans and monitors the day-to-day running of business to ensure efficiency and high quality of work in the department.
• Supervises and supports the staff in their roles of implementing their tasks and responsibilities.
• Participates in all management meetings.
• Creates strategies for the department with senior management.
• Revises and/or formulates all related policies and promote their implementation.
• Oversees compliance with regulations and procedures applicable to the departments.
• Establish the internal control checklist as per Central Bank Regulation in force;
•  Submit to the Central Bank on a regular basis an internal audit report as required for by central Bank regulation in force;
• Advising management on compliance with laws, regulations, directives, rules and standards applicable to the Cooperative;
• Assisting management to effectively manage the cooperative’s risk;
• Educating staff on compliance issues; 
• Acting as a contact point for compliance queries from staff;
• Oversee the interpretation of laws and regulations if may be outsourced as specific tasks of the Compliance function;
• Manages relationships/agreements with staff, members/ customers and other external partners.
• Prepares timely and detailed reports on financial and operational performance of the department.
• Oversees and manages all audit and internal control operations.
• Ensure the application of the internal control guidelines in order to prevent any malpractices.
• Supports the external auditors during their mission in auditing the

...SACCO.

• Develops the audit plan.
• Prepares and deliver timely audit reports.
• Proposes measures to improve the quality of the internal audit.
• Report functionally to the Audit committee and administratively to the Managing Director.
• Oversight of all operations of the ISG including the operations of staff and elected organs and providing the report to the Supervisory Committee and the BoD and follow up the implementation of all recommendations provided in his/her reports.
• Verify that the resolutions of ISG organs (BoD, GA and SB), instructions from NBR, RCA recommendations are implemented
• Perform any other tasks requested by the BOD/MD/Supervisory Board

QUALIFICATION/JOB REQUIREMENTS

• Master’s degree in accounting or Finance/ Accounting/Business Administration and related fields or Bachelor’s degree in Finance/ Accounting/Business Administration and related fields with 5 years of experience on senior management positions in Microfinance/banking industry
• Professional qualification such as CPA,ACCA is added advantage
• Minimum five (5) of experience in internal audit & compliance.
• Several years of experience in auditing
• Understanding of Microfinance Banking and accounting practices.
• Good strategic thinking, with risk and control consciousness.
• Strong analytic skills
• Strong decision-making abilities.
• Excellent communication skills.
• Strong leadership and people management skills.
• Professionalism and integrity.
• Working knowledge of data analysis and performance/operation metrics.
• Fluency in spoken and written English. Knowledge of French is added advantage.
• Advanced knowledge of MS Office including: Microsoft Word, Excel, and Outlook, Microsoft PowerPoint and Adobe Acrobat.