Current Openings at Watu Credit Limited

• To assist the Senior Internal Auditor in providing assurance on effectiveness of the internal controls in place to address risks in the achievement of Watu strategic and operational objectives. Additionally, the incumbent will assist in coordinating risk management, monitoring and driving compliance with regulatory and statutory requirements across all departments/ business units.

Key Responsibilities and duties

• Audit Planning and Testing Support: Assist in audit planning documentation, conduct walkthroughs and assess the internal control environment through control and substantive testing. Prepare audit testing programs and assess the adequacy of design and operation of controls associated with key risks identified.
• Audit engagement execution: Provide high quality, professional day to day execution of internal audit engagements and projects in line with firm risk management practices. Assist and support the internal audit team in all planned audits, which includes financial, operational, compliance and information technology audits
• Stakeholder interaction and discussion: Build relationships with auditees and business management on each audit.Lead discussions with auditees regarding audit observations
• Reporting and documentation: Track and manage reporting timelines and expectations. Document effective audit procedures and working papers.Prepare draft reports that clearly state the internal audit conclusions and recommendations that are backed by evidence and documented audit processes
• Corrective action tracking: Track timely and effective corrective actions taken following audit recommendations
• Audit material management: Maintain  back up (physical and electronic) of all internal audit materials for easy retrieval and reference. Monitor adherence to the document management process within the internal audit department. 
• Risk Management support: Assist in proactive enterprise wide risk management programs
• Ad hoc responsibilities: Carry out other responsibilities as may be required by the Head of Internal Audit, EA and  immediate supervisor.
• Methodology and Process Improvement: Identify opportunities to improve internal audit methodologies, tools and processes. Contribute to the continuous  improvement of the internal audit departments efficacy and effectiveness.
• Adherence to professional standards: Strict adherence to the Institute of Internal Auditors,  Institute of Certified Public Accountants Accountants of Kenya Code of ethics and Watu Code of conduct.

Key Performance Indicators

• Audit Completion Rate: At least 90% timely completion for assigned and board approved audit plan
• Reporting quality: 100% consistent compliance with auditing standards and methodology including working papers and reporting templates
• Findings significance: At least 20% of Critical, Significant, and High risk findings identified, demonstrating adequate root cause analysis and in depth understanding of processes.
• Process improvement: At least 2 key process improvements initiated out of assurance or non assurance engagements, within or outside the department but with keen interest on control environment.
• Timely follow up: 100% follow up on closure on corrective and preventive actions (CAPAs)
• Professional development: 100% compliance with minimum CPD requirements set by professional bodies such as IIA, ISACA  and ICPAK.

Qualifications

• Education level: Minimum of a Bachelors’ degree in Accounting or Finance-related field
• Certifications: A minimum of CPA Part II. Holders of CIA/CISA qualification will be highly advantaged.
• Experience: Less than 3 years’ experience in Audit, Finance, Credit, risk management or related fields

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Key Responsibilities and duties

• Audit engagement management: Successfully complete assigned and planned audit engagements from start to finish including preplanning, field work, reporting and follow up activities. This will involve implementing the board approved Risk based Audit Plan ensuring operational effectiveness and financial reliability, identifying opportunities for risk aversion and cost savings and preparing reports that reflect audit results, contribute to operational efficiency and cost savings.
• Proactive control and loss identification: Proactively identify internal control issues for key risk processes in a timely manner to avert losses and recommend risk aversion measures and cost savings
• In depth testing and stakeholder interaction: Perform comprehensive audit procedures to verify the implementation and effectiveness of controls through detailed  testing and effective interaction with relevant company staff
• Audit engagement execution: Provide high quality, professional day to day execution of internal audit engagements and projects in line with firm risk management practices. Assist and support the internal audit team in all planned audits, which includes financial, operational, compliance and information technology audits
• Detailed documentation and engagement reporting: Document processes thoroughly and prepare comprehensive audit reports that clearly reflect the audit results
• Special investigations: Conduct ad hoc and or special investigations as requested by the board or Head of Internal Audit, EA.
• ERM Support: Provide support in organization wide risk management through assurance and proactive advisory services.
• Process improvement and innovation contribution: Proactively recommend improvements and innovative ideas to increase business efficiency and contribute to initiatives focused on process continuous  improvement
• Corrective action tracking: Track timely and effective corrective actions taken following audit recommendations
• Audit material management: Maintain  back up (physical and electronic) of all internal audit materials for easy retrieval and reference. Monitor adherence to the document management process within the internal audit department. 
• Ad hoc responsibilities: Carry out other responsibilities as may be required by the Head of Internal Audit, EA and  immediate supervisor.
• Methodology and Process Improvement: Identify opportunities to improve internal audit methodologies, tools and processes. Contribute to the continuous  improvement of the internal audit departments efficacy and effectiveness.
• Adherence to professional standards: Strict adherence to the Institute of Internal Auditors,  Institute of Certified Public Accountants Accountants of Kenya Code of ethics and Watu Code of conduct.

Qualifications

• Education level: Minimum of a Bachelors’ degree in Accounting or Finance-related field
• Certifications: Must be a CPA(K) or CIA. CISA qualification will be a significant added advantage 
• Experience: Less than 5  years’ experience in Audit, Finance, Credit or related fields