Audit Assistant at Uwezo Microfinace Bank

AA/10/17/ UMBHRD

Role will assess compliance with the statutory requirements, laid down processes, procedures and controls.

Duties for the Audit Assistant Job

• Reviewing monthly reports highlighting the weaknesses, risks, recommended ways of enhancing compliance and improvement on controls shall be produced after the audit.
• Recommend good practices carried out by the other institutions that can be emulated by future branches.
• To enhance compliance and implementation of the recommendations, each audit area shall be ranked against a five point score.
• Develop a risk based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology.
• Perform audit tests and prepare working papers in accordance with International standards of Auditing methodology.
• Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives.
• Identify and document control and process weaknesses and provide evidential support for findings.
• Propose practical and value added recommendations to address control weaknesses and/or process inefficiencies.
• Follow up on the shortcomings highlighted on the previous audit reports
• Formulate an Internal Audit Policy Custodian of the Internal Audit Policy Participate in closing meetings with management at the end of fieldwork, providing clear explanations for identified issues.
• Filing and compiling of the Board Audit Committee minutes
• Assist in the preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the branch/department, senior management, and BAC Assist the Manager, Internal Audit in the development of the annual Internal Audit plan
• Contributes to the safeguarding of corporate assets and the interests of Members by ensuring that appropriate internal controls are in place and operating effectively
• Develops and maintains effective and professional working relationships with all levels of staff within the organization, including Senior Management and Audit Committee of the Board
• Do any other duties and responsibilities as may be assigned by the management.

Audit Assistant Job Qualifications

• A university degree from a recognized institution in Accounting or Finance
• A professional qualification in Accounting or Internal Auditing (CPA, CIA or CISA) is an added advantage
• 2 to 3 years’ experience in a similar position (preferably in the Financial Services Industry)
• Solid understanding of risk and control concepts.
• Ability to apply these concepts to evaluate the adequacy and effectiveness of business processes and controls to mitigate risk to tolerance levels defined by management
• Good interpersonal skills with a proven ability to communicate effectively (both written and verbal) with all levels within the organization
• Unquestioned personal integrity with strong ethics and values consistent with UMFB’s culture and core values
• Ability to stand firm on difficult issues when required
• Strong analytical capability
• Capable of working independently and with minimum supervision
• Well-developed technical skills in Word, Excel, accounting software’s and databases