Internal Audit Officer at Safaricom Investment Co-operative (S.I.C.)

What You Will Do

• Develop and implement a risk-based annual internal audit plan aligned to the Society%u2019s risk universe and strategic objectives.
• Provide strategic leadership in the execution of the approved audit plan, ensuring quality, timeliness, and adherence to professional standards.
• Provide strategic leadership in the execution of the approved audit plan, ensuring quality, timeliness, and adherence to professional standards.
• Prepare and present comprehensive internal audit reports to the Supervisory Committee, highlighting key risks, findings, and recommendations.
• Ensure timely submission of required audit reports and returns in line with Ministry of Cooperatives and other regulatory requirements.
• Lead and coordinate audit investigations into fraud, embezzlement, misconduct, and other irregularities, and recommend appropriate actions.
• Undertake special audits and reviews as directed by the Supervisory Committee, Central Management Committee, and Management.
• Monitor, track, and report on the implementation status of audit recommendations, and escalate unresolved issues.
• Assess compliance with the Cooperative Societies Act, internal policies, procedures, and other applicable laws and regulations.
• Verify the existence and safeguarding of the Society assets and recommend improvements where necessary.
• Establish and maintain a robust audit documentation system, ensuring proper working papers in line with professional standards.
• Provide advisory services to Management and the Board to improve operational efficiency and strengthen internal controls.

Qualifications

• Bachelors degree in Accounting, Finance, Business Administration, or a related field.
• Professional certification such as CPA (K), ACCA, CIA, or equivalent (mandatory).
• Membership in a relevant professional body i.e., ICPAK, IIA.
• At least two (2) years experience in internal/external audit.
• Experience within a Cooperative Society or regulated financial environment is highly desirable.
• Strong understanding of the Cooperative Societies Act.