Job Description
We are a dynamic, well-established Savings and Credit Co-operative Society in the country for
all professionals with membership spread globally. We are seeking to recruit a highly qualified
result-oriented individual for the position of INTERNAL AUDITOR.
JOB INFORMATION
Job Title: Department: Section:
Internal Auditor Internal Audit Internal Audit
Reports to: Internal Auditor
Manager
Workstation: Nairobi
1. JOB PURPOSE
Assisting the Internal Audit manager to:
▪ Provide independent, objective assurance and advisory services designed to add value and
improve the operations of Sacco and its subsidiaries.
▪ Undertake both regular and ad-hoc reviews of risk management, governance and internal
controls within the Sacco and its subsidiaries.
2. MAIN RESPONSIBILITIES OF THE JOB
Managerial/Analytical/Operational Responsibilities or roles
a) Perform audit procedures to verify and ensure that the Risk management, Governance and
Internal controls at the SACCO and its subsidiaries, conform laws, rules, regulations,
policies, processes, procedures, and statutory requirements.
b) Contributing to the preparation of risk-based audit plans, under the coordination of the
Internal Audit Manager.
c) Ensure timely completion of risk-based assigned/planned audit engagements from start to
finish, inclusive of preplanning and fieldwork.
d) Assessing the reliability and integrity of financial, operating procedures, controls, and
compliance with set policies for the SACCO and its subsidiaries, to ensure efficiency and
effectiveness.
e) Preparing timely and quality reports detailing identified business risks and key control
weaknesses and recommending appropriate mitigation measures and practical solutions.
f) Promoting risk awareness culture at the Sacco and its subsidiaries and enforce compliance
to internal monitoring and control procedures.
g) Promoting the highest standards of ethics and standards in the SACCO society based on
principles of integrity, objectivity, competence, and confidentiality.
h) Reviewing the economic efficiency and effectiveness in the utilization of resources so that
the objectives of the SACCO and its subsidiaries are achieved.
i) Issues tracking and follow up on audit recommendations to ensure timely implementation
of the corrective measures to mitigate identified risks.
j) Conduct ad-hoc/ special assignments as may be assigned by the Internal Audit
Manager/CEO/BOD.
k) Perform any other lawful duties that may be assigned from time to time.
3. KNOWLEDGE, SKILLS, AND EXPERIENCE
Minimum level of academic qualification, skills and knowledge required to perform effectively
in the role:
a) Bachelor’s degree in accounting, Finance, or related field from a recognized institution
b) Successful candidates will be required to meet the requirements of Chapter 6 of the
constitution of Kenya by obtaining the necessary documentation.
Minimum level of professional qualification required to perform effectively in the role:
a) A professional accounting qualification CPA-K /ACCA/ACA/CFA and a member in good
standing with ICPAK or relevant professional body
b) Professional Qualification in CIA / CISA is an added advantage
Minimum years of experience required to be appointed to the position:
a) Minimum 5 years of proven work experience in audit-related positions.
b) Experience in risk management and auditing of financial institutions
4. KEY PERFORMANCE INDICATORS
a) Implementation of Internal Audit Plan
b) Updated Risk Register
c) Increased resource optimization
d) Established Internal Audit work plan.
e) Updated Internal audit policies and procedures.
f) Ensure SACCO’s compliance with both legal and regulatory framework.
g) Enhanced risk management environment and governance audit
5. SKILLS & COMPETENCIES
a) Knowledge of International Financial Reporting Standards (IFRS)
b) Good knowledge of the financial services industry and the regulatory framework.
c) Excellent report writing and oral communication
d) Objective judgement and decision making
e) Critical thinking and problem solving
f) Proficiency in ERP systems and Microsoft office
g) Working knowledge of an audit tool/software
h) Team player with good interpersonal skills