Role Overview
As an Internal Audit Manager at Mwananchi Credit Ltd, you will play a vital role in strengthening governance, compliance, and risk management across the organization. Your responsibilities will include ensuring timely disbursements, managing compliance-related complaints, verifying documents, developing new compliance policies, and reducing the portfolio at risk (PAR). You will also provide leadership to the audit team, drive operational efficiency, and enhance accountability throughout the business.
Key Responsibilities
Annual Audit Plan Development and Execution
- Assist in the development and execution of the annual audit plan.
- Identify areas of risk and prioritize audits based on potential impact.
Audit Planning and Management
- Plan, manage, and determine audit objectives and scope.
- Identify and assess risks, develop audit programs, and ensure compliance with internal policies and procedures.
- Ensure audits are conducted efficiently and effectively.
Operational Examinations and Compliance
- Perform examinations on operations to determine compliance with policies, procedures, and effectiveness in meeting operational requirements.
- Evaluate efficiency and adherence to sound accounting principles and practices.
- Serve as a consultant for departments on compliance and operational matters.
Supervision and Development of Audit Staff
- Assist with the overall supervision of internal audit staff.
- Facilitate staff professional development, training, and evaluation.
- Provide guidance and support to audit team members.
Audit Documentation and Reporting
- Document audit findings and prepare comprehensive reports.
- Include recommendations for improved practices and procedures.
- Communicate audit results to management in a clear and actionable manner.
Branch and Departmental Support
- Offer maximum branch and departmental support through routine operations audits.
- Enhance turnaround time (TAT) in handling statement requests received through branch accountants.
Review and Follow-Up Audits
- Conduct reviews/audit follow-ups on liquidated/restructured accounts and accounts due for refund.
- Ensure correct posting and closure of accounts for accurate branch/company portfolio reporting.
Risk Identification and Mitigation
- Identify and mitigate risks such as loss of funds through posting errors, inaccurate/unapproved invoices, and unauthorized disbursements.
- Operate independently to add value to the business and improve operational efficiency.
Implementation Follow-Up
- Follow up on recommendations made as a result of audits.
- Evaluate the implementation and effectiveness of recommended changes.
Liaison with External Auditors
- Serve as a liaison with external auditors on behalf of MCL.
- Ensure proper completion and coordination of audit projects.
Additional Duties
- Perform other related duties as assigned to support the overall business objectives.
Must-Have Qualifications
- Bachelor’s Degree in Accounting, Finance, or related field (CPA/CIA qualification preferred).
- 7–10 years of progressive experience in audit/risk management, with at least 3 years in a leadership role.
- Strong knowledge of audit standards, compliance frameworks, and risk planning methodologies.
- Excellent analytical, problem-solving, and leadership skills.
- Demonstrated ability to manage and mentor teams effectively.
- Strong reporting, communication, and presentation skills.
- Experience in the financial services/microfinance sector will be an added advantage.
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