Internal Audit Officer
Posted:
Company Details
Industry:
Banking
Website:
https://sic.co.ke/
Description:
Safaricom Investment Co-operative (S.I.C.) was set up in 2009 under the Co-operatives Act Cap 490 to pursue joint investments for its members and has been in real estate space since its inception. As an investment cooperative, SIC pursue various investment opportunities for the benefit of its member…
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Job Details
Job Type:
Full Time
Workplace Type:
On-site
Qualification:
Diploma
Job Experience:
Mandatory
Job Location:
Nairobi County, Kenya
Closing Date:
Undisclosed
Salary:
Undisclosed
Other Pay:
Benefits
Job Category:
Accounting, Finance
Job Description
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.
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