Head of Internal Audit at Solution Sacco Society Ltd

The Internal Auditor will provide an independent, objective assessment aimed at improving the SACCO operations. The Auditor will design a systematic and disciplined approach of reviewing all the SACCO functions, governance and risk management processes as per International Auditing Standards and Guidelines issued by the Institute of Internal Auditors.

Duties for the Internal Auditor Job

• Develop a risk–based annual audit plan and conduct audits to ensure compliance with the company policies and standards;
• Design internal audit procedures and work programs, document in detail the scope, nature and timing of audit activities;
• Advise management on the resourcing requirements for the Internal Audit function, including any potential outsourcing arrangements;
• Conduct internal audits to assess the adequacy, effectiveness and efficiency of the established internal controls and procedures;
• Conduct risk assessment of assigned department or functional area in established/required timeline;
• Conduct and oversee the Audit of Information Systems;
• Discuss audit findings and recommendations with line managers and report significant issues to senior management;
• Monitor the timely implementation of the management actions /mitigating controls recommended in the audit reports;
• Provide feedback to the Management and Board Committees on execution of mitigating factors of the internal controls;
• Conduct ad-hoc investigations and reviews as requested by senior management, Chief Executive and or the Board Audit Committee;
• Provide support to the company’s anti-fraud programs;
• Assist the development of an internal control culture, including capacity development of staff;
• Monitor the trends and developments of the internal audit function in other sectors and international standards;
• Liaise with the external auditor on internal control issues.

Internal Auditor Job Qualifications

• Bachelor’s degree in Accounting or Finance;
• Professional certification in CPA; certifications in CIA and CISA are an added advantage;
• A minimum of five years’ experience working as an internal auditor in financial industry;
• Strong analytical, written/verbal communication, interpersonal, and relationship building skills Systems knowledge, ability to adapt to change quickly;
• Must be computer literate, a team player, with good communication skills;
• Proper and organized documentation skills and attentive to detail good presentation Skills;
• Knowledge of SACCO operations and SACCO Regulations.