Internal Auditor

Job Title: Internal Auditor

Reporting Lines

Administrative: Chief Executive Officer (CEO)
Functional: Audit Committee & Board

Industry Sector

Financial Services / Deposit-Taking Sacco / Audit

Location

Nairobi, Kenya

Gross Salary Structure

Kshs 80,000 – 90,000

Role Overview

We are recruiting a highly analytical, ethically grounded Internal Auditor on behalf of our client, a licensed, medium-sized deposit-taking Savings and Credit Co-operative Society (Sacco). Reporting functionally to the Board Audit Committee and administratively to the CEO, your primary focus will be to audit, evaluate, and fortify the internal control frameworks, financial reporting integrity, and governance protocols across the Sacco's national operations. This position bridges meticulous financial auditing with broad enterprise risk management; you will verify loan portfolio compliance, evaluate asset protections, and ensure absolute alignment with IFRS, SASRA, and the Sacco Societies Act. The role demands an assertive, ICPAK-registered professional with deep audit experience who can independently evaluate complex financial systems and present objective findings directly to executive leadership.

Key Responsibilities

Financial Integrity & Compliance Audits

• Review draft financial statements to verify strict adherence to IFRS, IAS, and the Sacco Societies Act reporting mandates.
• Audit the loan issuance lifecycle to confirm that documentation, credit appraisals, and approvals follow established professional standards.
• Conduct physical and analytical verifications of Sacco fixed assets, validating presence, valuation, depreciation accuracy, and insurance coverage.
• Audit corporate investment portfolios to ensure strict compliance with set prudential limits, safety standards, and return metrics.
• Monitor operational compliance across relevant statutory laws, including the Co-operative Societies Act, CBK regulations, labor laws, and NSSF mandates.

Risk Management & Internal Control Design

• Evaluate the design, adequacy, and operational effectiveness of internal control systems to identify vulnerabilities and recommend corrective measures.
• Analyze segregation of duties across financial systems to guarantee that single individuals cannot originate and complete transactions independently.
• Map and assess key operational and business risks, computing likelihood and financial impact metrics to guide risk-mitigation strategies.
• Verify that departmental standard operating procedures (SOPs) are documented, regularly updated, and practiced across daily workflows.

Fraud Mitigation & Investigation Protocols

• Integrate specialized fraud detection procedures into standard audit programs to safeguard member deposits and Sacco capital.
• Lead independent investigations into reported financial irregularities, policy breaches, or fraud allegations, delivering clear investigative reports.
• Review executive fraud prevention and detection frameworks, proposing concrete system enhancements to close security gaps.
• Maintain complete, well-organized, and secure audit working papers and supporting documentation for all completed assignments.

Board Advisory & Strategic Governance

• Provide independent risk and governance advice to the Board of Directors to help steer strategic decision-making and institutional ethics.
• Track compliance with the corporate code of conduct, fostering a strong culture of accountability and member-first service delivery.
• Act as the primary liaison for external audit teams, facilitating smooth audit engagements and providing reliable working paper trails.
• Prepare and present comprehensive, data-backed internal audit reports and actionable recommendations directly to the Audit Board.

Qualifications & Skills Required

Minimum Entry Criteria

• Academic Foundation: Bachelor’s degree in Accounting, Finance, or a closely related business discipline from an accredited university.
• Professional Accreditation: Full CPA-K qualification with active membership and valid practicing credentials from ICPAK.
• Audit Experience: Minimum of 3 years of progressive audit experience, ideally gained within a reputable audit firm, bank, microfinance institution, or deposit-taking Sacco.
• Regulatory Expertise: Working knowledge of statutory compliance frameworks governing financial institutions in Kenya (SASRA, Sacco Societies Act, Co-operative Societies Act).
• Technical Proficiency: Advanced command of automated audit software, ERP systems, data analytics tools, and the Microsoft Office Suite.

Core Traits & Competencies

• Uncompromising Integrity: Absolute ethical standards, objectivity, and confidentiality when handling sensitive financial records.
• Analytical Precision: Outstanding diagnostic, numerical, and critical-thinking skills to uncover operational discrepancies quickly.
• Executive Communication: Superior verbal and written presentation skills to articulate technical audit findings clearly to board members and management.

What We Offer

• Strategic Influence: Direct access and reporting line to the Board of Directors, giving your insights significant weight in shaping corporate governance.
• Institutional Scope: Oversee audit frameworks across a well-established, licensed financial institution with a nationwide membership base.
• Professional Growth: Expand your expertise in specialized deposit-taking financial audits, enterprise risk management, and regulatory compliance.

How to Apply

Please submit your CV quoting the exact position title "Internal Auditor" in the subject line on or before the application deadline on 22nd July 2026.