Summary
Date Posted: Monday, May 20 2024, Base Salary: Not Disclosed

JOB DETAILS:
As the voice and lobbyists for Savings and Credit Cooperatives in Kenya, we at KUSCCO have been at the forefront of efforts to form and develop strong and viable SACCOs. Our key roles at KUSCCO - as the umbrella body for SACCOs - are mainly advocacy and representation. In addition, we offer SACCOs and other cooperatives financial and technical assistance,...

We are recruiting on behalf of one of our affiliates, a Deposit Taking SACCO to fill the position of INTERNAL AUDITOR.

Duties & Responsibilities
• Reporting functionally to the Audit committee and administratively to the Chief Executive Officer.
• Review the credibility and integrity of financial statements by ensuring the financial statements of the Sacco have been prepared in accordance with the IFRS, IAS, SASRA guidelines and the Sacco Societies Act and that the information contained in the financial statements is complete and reliable for effective decision making.
• Check that all activities done by the Sacco are in conformity with the existing laws and Regulations. This will entail the internal auditor ensuring that the Sacco does not contravene among others; SASRA guidelines, the Sacco Societies Act 2008, Co- operative Act 2004, Regulations of 2010, CBK Act, the labour laws, NSSF Act and other relevant Acts and laws.
• Review the economic efficiency and effectiveness in the utilization of the Sacco resources so that its objectives are achieved.
• The internal auditor will also review the adequacy, design and effectiveness of the Internal Control Systems. This will by monitoring the quality of such controls, detect any weakness and provide recommendation for improvement.
• Assisting the BOD in the governance of the Sacco by advising on the direction in various issues through promotion of ethics and culture of the Sacco so that the institution is held as member focused by concentrating on savings and credit facilities.
• Coordinate work with Risk, Legal & Compliance and other control related activities and with others within Internal Audit while conducting risk assessments and identifies controls in place to mitigate identified risks.
• Be able to institute fraud detection steps in audit programs; investigating allegations of fraud, and reviewing fraud prevention controls and detection processes put in place by management, making recommendations for improvement and on corrections or enhancements needed to maintain and improve effective and compliant operations.
• Maintaining files and supporting documentation for audits and other assignments
• Identifying and qualifying key business risks estimating the probability of occurrences and the impact on the Sacco and making appropriate recommendations.

Competencies
• Be of exemplary integrity and honesty
• Have excellent communication and interpersonal skills
• Have excellent financial analysis skills
• Be a team player
• Be decisive and possess quick judgment skills
• Possess excellent business writing and presentation skills
• Be proactive and have initiative
• Possess analytical and critical thinking skills
• Must be impartial in reporting

Qualifications
• Be a fully qualified accountant with CPA (K) or ACCA and registered with ICPAK or ACCA global.
• Must possess a Bachelor’s degree in any business-related field.
• Minimum 3 years audit experience in a deposit taking Sacco.
• CISA certification will be an added advantage.
• Computer proficiency especially in accounting packages and systems
• Must have been involved in audit service of financial statements
• Proficient knowledge of various Sacco software systems will be an added advantage
• Knowledge of government and other stakeholders’ rules and regulations.
Gross Salary
Kshs. 88,000

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure

Method of Application
Interested candidates should apply by following the link https://forms.gle/irord39RJuFBDe9B7 AND sending their applications via email to recruitment@kuscco.com  before close of business on 31st May 2024. Only qualified candidates will be shortlisted.



All Jobs

QUICK ALERT SUBSCRIPTION