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Sacco Internal Auditor

Closing: Jun 12, 2024

This position has expired

Published: Jun 6, 2024 (19 days ago)

Job Requirements

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Work experience:

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Job Summary

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Knowledge: Qualifications & Experience

  • Bachelor’s degree in finance or accounting.
  • Master’s degree and Diploma in cooperative management and CISA is an added advantage.
  • Professional accounting qualification CPA K / ACCA / ACA / CFA.
  • Member of ICPAK or relevant professional body.
  • Minimum eight (5) years’ relevant experience.
  • Computer literacy.
  • Experience in Sacco, bank and microfinance operations.
  • Personal Attributes required for this role:
  • Sound leadership skills.
  • Attentive to details.
  • Good communication and interpersonal skills.
  • Systems audit experience.
  • Works Independently with minimum supervision.
  • Analytical and result oriented.
  • A person of integrity.
  • Good problem-solving skills.


Responsibilities

Knowledge: Qualifications & Experience

  • Bachelor’s degree in finance or accounting.
  • Master’s degree and Diploma in cooperative management and CISA is an added advantage.
  • Professional accounting qualification CPA K / ACCA / ACA / CFA.
  • Member of ICPAK or relevant professional body.
  • Minimum eight (5) years’ relevant experience.
  • Computer literacy.
  • Experience in Sacco, bank and microfinance operations.
  • Personal Attributes required for this role:
  • Sound leadership skills.
  • Attentive to details.
  • Good communication and interpersonal skills.
  • Systems audit experience.
  • Works Independently with minimum supervision.
  • Analytical and result oriented.
  • A person of integrity.
  • Good problem-solving skills.


  • Develop the SACCO’s overall audit strategy, policies, procedures and programs to minimize current and future exposure to financial, operational or other business risks.
  • Plan and monitor auditing of all functions to ensure compliance with the SACCO‘s policies, procedures and statutory requirements.
  • Participate in the development and implementation of the Strategic plan.
  • Maintain an audit risk profile for the SACCO and propose an annual programme of audit activities in conjunction with the relevant departmental heads.
  • Undertake specific independent audit assurance e.g. post implementation reviews and major proposals. And any special investigations assigned by the CEO and/ or SACCO Board.
  • Ensure that all instances of significant risk or lack of controls are properly identified, all findings are factual, risk focused, and the agreed actions are clear/understandable and practical.
  • Make recommendations and contribute to the development of solutions to improve the internal control and operational environment based on the audit findings.
  • Ensure audit clients provide action plans to address the control weakness for each issue raised in the audit report with timelines for implementation and clear ownership of action.
  • Update the monthly report with the progress on implementation of high-risk audit actions and follow up with the audit client to drive quick resolution of the high-risk control weaknesses.
  • Prepare report for management reporting on the progress of audit activity and tracking of action plans from audit clients.
  • Quarterly audit reports to Management (thru’ the CEO) and to Risk and Audit Committee.
  • Assist the board with governance of the Sacco by advising on the direction in various issues.
  • Ensure that the internal audit activity maintains its independence and objectivity.
  • Liaison with Supervisory committee and external auditors.


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