Job Description
Reporting: Supervisory Committee
Purpose for the Role
To provide an independent and objective evaluation of United Women Sacco(UWS) Financial, Operational, Governance activities with an objective to effectively mitigate identified compliance risks and ensure UWS policies, procedures and Sacco By laws and Industry Standards are adhered to in all business and governance activities of the organization.
Key Responsibilities:
Reporting to the Supervisory Committee the Internal Auditor will be responsible for the following:
1. Formulation, coordination and implementation of all audit policies and work plans
2. Reviewing and reporting on the adequacy of internal control systems and recommending to management mitigating actions to be taken,
3. Reviewing relevant management reports and reports from external auditors concerning non-compliance and weaknesses in accounting and operational controls;
4. Preparing and presenting to the Supervisory Committee internal quarterly audit reports to establish compliance with internal control systems, procedures and statutory requirements;
5. Liaising with the external auditor as necessary;
6. Acts as the Secretary to the Supervisory Committee and attend Board meetings when necessary.
7. Formulation and implementation of the Internal Audit unit strategic plan;
8. Formulation and implementation of the Internal Audit unit strategic plan;
9. Ensuring compliance with national and international audit and accounting standards and give advice to the Board.
10. Monitor/Assess the code of conduct of UWS and establish if there is a need to develop ethical standards and procedures for the following areas.
Efficient and effective procedures for handling and reporting complaints;
Procedures for reporting and dealing with cases of Conflict of Interest
Investigating members’ complaints and making recommendations for redress;
11. Keeping abreast with regulatory changes in the SACCO environment and industry standards;
12. Performing such other duties as may be assigned or delegated by the Board.
Qualifications and Competencies
• A Bachelor’s degree in Accounting, Finance or a related field obtained from a university recognized in Kenya.
• Certified Internal Auditor (K) or Certified Public Accountants (K) or Certified Information Systems Auditor or the equivalent;
• At least three years hands-on experience in internal audit services in a reputable organization.
• Experience gained in a SACCO organization is an added advantage.
• Ability to work in a high-pressure environment with little or no supervision,
• Ability to observe deadlines,
• Demonstrated influencing skills to elicit cooperation and action from all levels of management and the board,
• Demonstrated values of Integrity, Honesty and accountability,
• Effective Communication (oral and writing reports) and Presentation skills,
• Effective planning, coordination and organizing skills,
• Team work and Change management skills,