Tower SACCO Head of Internal Audit - Jobs in Kenya
Tower SACCO Head of Internal Audit - Jobs in Kenya
Job Descriptions:Job Title:
Head of Internal Audit: (1 Post)Job ProfileJob Title:
Head of Internal AuditJob Reference:
Internal AuditReporting to:
C.E.O., Audit Committee & Supervisory BoardLocation
Head OfficeJob PurposeReporting to the CEO, Audit committee and Supervisory committee, you will be expected to ensure that the SACCO’s operational and accounting policies and procedures are followed by the management and staff. Head the internal audit function; Executing audit engagements within specified time budgets to accomplish the internal audit plan ensuring reliability and integrity of information and compliance with policies. In charge of an independent appraisal of all SACCO functional and non-financial areas established by management of the SACCO and review of the internal control system as a service to the SACCO.
Plans, execute and report to the Board on operational, financial, regulatory compliance related audits/reviews of the SACCO, in line with the SACCO strategy objectives, relevant policies, agreements/contracts and overall SACCO mandate. You will oversee the proper use and safety of the SACCO resources, continuously assessing and ensuring adequacy of and adherence to
The responsibility is to objectively examine, evaluate, verify Financial & nonfinancial data and determine the accuracy and reliability of accounting statements and report on the adequacy of internal control as a contribution to proper economic, efficient and effective use of resources. Internal auditing activity is the eye of the CEO and the Board of Directors in the SACCO.
Responsible for the Internal Audit Function to provide assurance that the policies and procedures are being adhered to as stated and that the SACCO is generally run in an efficient and effective manner.
Evaluate all task systems and controls to determine their adequacy and effectiveness to the SACCO to ensure: effective, efficient and economic use of the SACCO resources, reliability and integrity of information, and Compliance with policies.
Identify business risks, systems and control weaknesses, and deficiencies in policies and procedures.
Develop and discuss audit findings and recommendations with CEO and Heads of departments and agree on a timeframe for corrective action for Audit committee sanctions.
Advise Board and management on non-compliance operations.
Carry out special and routine audit assignment and investigations.
Keep internal control procedures updated.
Oversee implementation of controls of operational and accounting policies and procedures.
To review the SACCO’s short term business plan and strategy and come up with suggestions interms of audit strategies that will better enable the SACCO to achieve its goals.
Prepare timely annual departmental Audit work plans and implement them. The audit plan should cover audit activities, for the Head office and at the branches.
Mentor departmental staff continuously, build team spirit and implement measures that ensure optimal performance of the staff.
Facilitate development, implementation and continuous review of sound Internal Control Systems, policies and procedures through recommendations to the board
To come up with a comprehensive plan which guides the audit department.
Enforce compliance with Internal Control policies, systems and procedures in the SACCO
Plan, direct and control the Internal Control function of the SACCO on a day to day basis
Recommend amendments in the internal control systems and promote compliance with the same
To continuously verify and enforce compliance with policies, practices, rules, regulations and any other legally binding agreements in the SACCO.
To verify and advise the board on the SACCO’s conformity with the regulator’s requirements(SASRA) and to ensure Society’s financials are prepared in accordance with international auditing standards(IAS) , international financial reporting standards(IFRS) and SACCO Society’s Act.
To carry out quarterly special audits such as forensic and compliance audits to determine compliance to and not compromise to the internal controls and give recommendations on how such controls can be beefed up.
To continuously audit the use of SACCO resources in regard to expenditure, payroll and imprest and make appropriate recommendations
Establish credible fraud detection steps in audit programs, investigate allegations of frauds and review fraud prevention controls and detection processes put in place
by the Management and make recommendations for improvement and /correction or enhancement needed to maintain and improve effectiveness and compliance.
To audit all loan application forms and ascertain that they are no delinquent loans and the society’s relevant policies and procedures are followed.
To ensure no loss occurs from areas already audited and no risk was mentioned in audit reports.
To pre-audit all payment vouchers and payments to ensure they are adequately supported.
To audit all erroneous refunds posted so as to ascertain their accuracy and do monthly reports to
Minimum registered CPA (K) or its recognized equivalent. A Bachelor of Commerce, BBA Accounting/Finance, diploma in Co-operative Management and experience in Financial Operations or any other recognized equivalent qualification would be an added advantage.
Have at least 6 years’ practical experience in a busy financial institution with a minimum of 4 years in internal/external audit environment.
Minimum C+ in KCSE, C (plain) in Mathematics and English.
Active registered ICPAK Member.
Age 32-40 years of age
Be proactive and initiative.
Have excellent communication and interpersonal skills.
Must be self- motivated and be ready to work with minimum supervision.
Be a team player.
Flare in Current Financial and Business Trends
Have unquestionable Integrity
Excellent People Management Skills
Possess excellent interpersonal communication skills.
Well versed with contemporary legal, taxation and business trends
Must be a good team leader.
Deadline-Oriented, Attention to Detail, Confidentiality,
Analytical and problem-solving skills and Knowledge of SASRA regulations.
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.
Only shortlisted candidates will be contacted and they will be required to provide the following upon
Clearance certificate from the Ethics & anti-corruption commission (EACC)
Tax compliance certificate from the Kenya Revenue Authority (KRA)
A valid certificate of good conduct
Clearance certificate from the Higher Education Loans board (HELB)
Clearance certificate from the Credit Reference Bureau (CRB)
How to apply
You will be required to go through the Job Descriptions and specifications, and apply your suitable position by clicking to the link for the online job application form. Fill in and follow ALL the instructions given to submit. The applications should be submitted on or before 15th September 2022 by 6.00 p.m. Applications that are incomplete, received beyond the deadline or that do not meet the stated requirements will not be considered. Only shortlisted candidates will be contacted. Please note that;-
Tower SACCO Society will not have outsourced the recruitment process to any organization or agency which, through website postings, mass e-mail messages, newsletters or otherwise claims to be doing recruitment on its behalf. Tower SACCO Society will only use approved and reputable recruitment firms on(exception basis only).
Tower SACCO Society does not, and will never solicit money for any part of its recruitment processes including short-listing, interviews, background, and/or medical check-ups.
Tower SACCO Society will not be responsible for such fraudulent correspondence or any loss of money or theft which may result from anyone engaging in any fraudulent recruitment activity. Kindly be cautious, and if you have any questions and/or would like to report what you believe to be a fraudulent Tower SACCO Society recruitment person(s) or agency, please email to firstname.lastname@example.org.
For more information and job application details, see; Tower SACCO Head of Internal Audit Jobs in Kenya
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