Internal Auditor (Nairobi, Kenya) – United Winners Sacco

Internal Auditor (Nairobi, Kenya) – United Winners Sacco

• Job Title: Internal Auditor
• Location: Nairobi, Kenya
• Department: Audit
• Reports To: CEO / Audit Committee
• Job Type: Full-Time, Permanent
• Application Deadline: 23rd September 2024

Company Overview

United Winners Sacco (UWS), located in Nairobi, Kenya, is a fast-growing financial institution dedicated to offering reliable savings and credit services to its diverse members. We are proud to foster an inclusive and innovative environment that prioritizes integrity, accountability, and customer satisfaction. Our Sacco is driven by the commitment to improving the financial well-being of our members while upholding the highest standards of corporate governance.

As we continue to grow, we are seeking an experienced Internal Auditor to join our dynamic team. This role is crucial in ensuring the smooth functioning of our financial operations, adherence to regulatory standards, and continuous improvement of our organizational processes.

Job Summary

We are looking for a qualified and highly motivated Internal Auditor who will be responsible for evaluating and improving the effectiveness of our risk management, control, and governance processes. The ideal candidate will have a passion for detail, a commitment to ethics, and the ability to make critical assessments of financial data to ensure compliance with International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), and the Sacco Societies Act.

As the Internal Auditor, you will work closely with the CEO, the Audit Committee, and the Board of Directors to safeguard our assets, prevent fraud, and recommend actionable improvements for our financial and operational systems. This is an exciting opportunity to play a key role in shaping the future of United Winners Sacco by driving transparency and accountability.

Key Responsibilities

• Financial Auditing:
  • Ensure that financial statements are prepared in accordance with IFRS, IAS, and the Sacco Societies Act.
  • Conduct periodic audits to verify that Sacco loans are properly documented and the approval processes adhered to.
  • Review the Sacco’s fixed assets, ensuring they are properly safeguarded, exist physically, and are accurately valued.
• Risk Management:
  • Analyze investment decisions to verify adherence to policy, safety, and benefit to the Sacco.
  • Identify and qualify key business risks, estimate their probability of occurrence, and provide recommendations for risk mitigation.
• Compliance:
  • Ensure the Sacco’s operations are in line with the Sacco Act, Labor Laws, NSSF Act, and other relevant legislation.
  • Review organizational charts and ensure that the flow of authority is well-documented.
  • Ensure adherence to the Sacco’s internal policies across all departments.
• Internal Control Systems:
  • Analyze the Sacco’s accounting system to ensure proper segregation of duties.
  • Ensure all Sacco departments have and follow their respective policies in daily operations.
• Fraud Detection and Prevention:
  • Implement fraud detection steps in audit programs and investigate any allegations of fraud.
  • Review and enhance fraud prevention controls and processes to ensure they are effective.
• Strategic Guidance:
  • Assist the CEO in laying down the strategic direction for the Sacco.
  • Act as a liaison between external auditors, the Sacco’s supervisory committee, and the CEO.
• Reporting:
  • Maintain files and supporting documentation for audits and other assignments.
  • Prepare audit reports and make recommendations for improving effective operations.
• Other Duties:
  • Promote the ethics and culture of the Sacco.
  • Ensure compliance with the Sacco’s code of conduct.
  • Perform other duties as assigned by the Board of Directors.

Minimum Qualifications & Requirements

• Educational Requirements:
  • Bachelor’s degree in a business-related field.
  • Certified Public Accountant (CPA (K)) or equivalent qualification.
• Experience:
  • At least 5 years of relevant experience in internal auditing, preferably within a Sacco or financial institution.
• Skills and Competencies:
  • Strong judgment and decision-making abilities.
  • High level of accuracy and attention to detail.
  • Excellent communication and interpersonal skills.
  • Advanced analytical and audit skills.
  • Strong IT proficiency with knowledge of Microsoft Office Suite.
  • Ability to work independently with minimal supervision.
  • Unquestionable integrity and adherence to ethical standards.

Preferred Skills

• Risk Analysis Skills:
  • Strong background in identifying, assessing, and mitigating risks within financial organizations.
• Audit and Reporting Expertise:
  • Proven track record of compiling comprehensive audit reports, offering actionable recommendations for organizational improvement.
• Presentation Skills:
  • Advanced skills in report writing and delivering presentations to stakeholders and the Board of Directors.

Personal Attributes

• Self-driven and capable of working with minimal supervision.
• High integrity and ethical standards.
• Ability to work in a dynamic and fast-paced environment.
• Excellent problem-solving and critical thinking abilities.
• Strong organizational skills and the ability to manage multiple priorities.

Why Join United Winners Sacco?

• Be part of a reputable Sacco that places a premium on ethics and integrity.
• Opportunity to play a pivotal role in safeguarding our financial and operational systems.
• Work in a supportive and innovative environment that encourages professional growth.
• Join a team committed to customer satisfaction and corporate governance.
• Gain exposure to strategic decision-making processes that drive long-term success.

Application Process

At United Winners Sacco, we are committed to being an equal opportunity employer. We celebrate diversity and are dedicated to creating an inclusive environment for all employees. If you meet the above qualifications and are interested in this exciting opportunity, we encourage you to apply.

How to Apply:
Click on the link below to fill out the online application form. Applications should be submitted no later than 23rd September 2024.

Apply Now – Fill out the Online Application Form

Please note that only shortlisted candidates will be contacted for the next stage of the recruitment process.

Share This Opportunity

If you know anyone who might be a perfect fit for this role, feel free to share this job listing with them. United Winners Sacco is always on the lookout for passionate individuals ready to make a difference in the world of financial services. By sharing this listing, you help us reach qualified candidates who can contribute to our mission of improving the financial well-being of our members.

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By joining United Winners Sacco, you will be a part of a dynamic and forward-thinking financial institution. We pride ourselves on maintaining high standards of corporate governance, promoting ethics, and being customer-focused. As an Internal Auditor, you will be at the forefront of safeguarding our assets, ensuring compliance, and promoting a culture of integrity. Apply today and be part of a team dedicated to transforming the financial sector in Kenya.