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Vision Afrika Savings and Credit Society Ltd   |   Nakuru, Kenya   |   Log in or register to see the closing date

Internal Auditor

  • Bachelor's degree
  • Accounting, finance, banking, insurance
  • Experienced (senior worker)
  • Full Time
  • Permanent

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Job Summary

The internal auditors’ functions include, among other things, monitoring internal control, independent consulting and assurance on activities designed to add value and improve the Sacco’s operations. By way of ensuring improvement of a Sacco’s operations in terms of; Governance, day to day operations, internal control systems and compliance to the laws and Regulations.
Interested candidates are advised to submit their applications cover letter and their detailed CV with three referees and indicate their current and expected remuneration


1. Reporting functionally to the Audit committee and administratively to the Chief Executive Officer.

2. Review the credibility and integrity of financial statements by ensuring the financial statements of the Sacco have been prepared in accordance with the IFRS, IAS, SASRA guidelines and the Sacco Societies Act and that the information contained in the financial statements is complete and reliable for effective decision making.
3. Check that all activities done by the Sacco are in conformity with the existing laws and Regulations. This will entail the internal auditor ensuring that the Sacco does not contravene among others; SASRA guidelines, the Sacco Act, CBK Act, the labour laws, NSSF Act and other relevant Acts and laws.
4. Review the economic efficiency and effectiveness in the utilization of the Sacco resources so that its objectives are achieved.
5. The internal auditor will also review the adequacy, design and effectiveness of the Internal Control Systems. This will by monitoring the quality of such controls, detect any weakness and provide recommendation for improvement.
6. Assisting the BOD in the governance of the Sacco by advising on the direction in various issues through promotion of ethics and culture of the Sacco so that the institution is held as member focused by concentrating on savings and credit facilities.
7. Coordinate work with Risk, Legal & Compliance and other control related activities and with others within Internal Audit while conducting risk assessments and identifies controls in place to mitigate identified risks.
8. Be able to institute fraud detection steps in audit programs; investigating allegations of fraud, and reviewing fraud prevention controls and detection processes put in place by management, making recommendations for improvement and on corrections or enhancements needed to maintain and improve effective and compliant operations.
9. Maintaining files and supporting documentation for audits and other assignments
10. Identifying and qualifying key business risks estimating the probability of occurrences and the impact on the Sacco and making appropriate recommendations.
11. Any other duty as may be assigned by the CEO.

General Information

Salary rangeNot specified
Additional informationNot specified
Contract type: Permanent
Job type: Full Time
Location: Nakuru
Area of work: Accounting, finance, banking, insurance
Seniority: Experienced (senior worker)

Job Requirements

Required education: Bachelor's degree
Required relevant work experience: 3 years
Required skills: Accounting; Auditing of accounts; Compliance; Business strategy; Financial reporting; Fraud risk assessment and management
Required languages: English (Spoken: fluent | Written: fluent)

Vision Afrika Savings and Credit Society Ltd

Banking, microfinance, insuranceCompany size: 100-500 people

From our humble beginning in 2004, Vision Afrika Sacco ltd formally Gilgil Sacco ltd was registered as a saving and credit co-operative society on 22nd November 2004 CS No. 10624. A pioneering group of traders in Gilgil came with an idea of pooling their resources together to create a basket from where they could access loans at affordable rates and avoid the exploitative mushrooming shylocks and financial institutions. The Sacco on reception intended to serve its clientele under open membership comprising mainly of Traders, Farmers, Juakali, Artisans, Transporters, Bodaboda and Employees within Gilgil division and hence the name Gilgil Sacco Ltd. The Sacco later adopted the name Vision Afrika Sacco Ltd on 23rd December 2010when the by-laws were amended to expand the area of jurisdiction to Nakuru and Nyandarua counties to be in line with its growth and expansion strategy. The society has grown in leaps and bounds and currently serves over 14000 members.