Internal Audit Assistant at Setyon Sacco

KEY DUTIES AND RESPONSIBILITIES

• Assist in developing internal audit strategies, policies, and manuals detailing the audit procedures
• Assist in developing, implementing, and reviewing the internal audit charter
• Assist in developing an internal audit work plan and budget for each financial year
• Participate in preparation of the periodic audit reports for presentation to the senior management and the Audit Committee of the Board.
• Check the accuracy and reliability of accounting records by analyzing systems and internal controls
• Verifying cash transactions carried out to ensure they are duly authorized and well documented
• Carry out surprise cash count and other treasury cash management checks.
• Continuously identify idle assets and make recommendations
• Regularly review and report on completeness and accuracy of the Sacco data
• Follow up on the implementation of previous audit recommendations
• Assist in the execution of the Sacco compliance, fraud, and risk assessments by identifying the key risks and assessing mitigating controls to determine the risk profile for the Sacco
• Assist in the development and monitoring of key risk indicators (KRIs) that are mapped to various risks to determine elevations in risk and proactively implement risk mitigation measures
• Review the SACCO’s operations to ensure they meet all regulatory requirements set under the SASRA guidelines.
• Conduct risk assessments for proposed and existing products

MINIMUM QUALIFICATIONS AND SKILLS

• A degree in finance or a related field
• CPA III/ACCA qualification
• Three (3) years working experience in a finance function with a minimum 2 years auditing experience in a Deposit Taking Sacco
• CISA certification added advantage
• A firm understanding of internal auditing standards and application
• Knowledge and effective application of all relevant Sacco policies, processes, procedures and guidelines to consistently achieve required compliance standards or benchmarks
• Organized; able to work both independently and in a team setting
• Interpersonal skills to effectively communicate audit results when required