Purpose of the Job
Continuously ensure internal control systems, risk management and governance, procedures and policies with a view to minimize risk exposure for utilization of assets and other resources.
Operational Roles and Responsibilities
Develop internal control measures and organize regular review of internal control measures.
Develop annual audit plans for approval by appropriate authority and ensuring that routine audits are carried out as per agreed plan.
Ensure compliance with the laid down internal controls, all Sacco policies and other statutory requirements and regulations
Develop risk and compliance framework on the Society’s overall risk management strategies and annual work plans
Conduct discussions with line Managers on commencement and completion of all audits
Check the soundness of accounting procedures and reliability of financial records and reports
Carry out investigations in the Sacco as the need may arise
Safeguarding assets and, as appropriate, verify the existence of such assets by independently
appraising the Sacco operations to ensure assets are safeguarded.
Ensure operations or programs are consistent with established objectives and goals and that the
operations are being carried out as planned.
Liaise with internal auditors to foster co-operation, reduce duplication of effort and ensure
appropriate sharing of information.
Advise management on external audit queries
Guarantees complete confidentiality of records and information obtained during the course of audit
jobs
Carry out audits and investigations and recommend remedial actions as per operational procedures
requirements

Managerial Roles and Responsibilities
Develop and maintain a sound audit manual detailing audit practices, procedures and standards
Determine the accuracy and reliability of accounting records by analyzing systems and internal
controls
Ensure audit working papers are properly prepared, referenced, reviewed and documented
systematically
Prepare management reports as required
Supervising, training and appraising staff
Participate in the preparation and implementation of the strategic plan
Review and evaluate the financial controls, systems, procedures, books of account, financial
statements and periodic financial reports
Assist in coordinating the activities of the Audit and Supervisory Committees in consultation with
the office of the CEO
Perform any other duties as may be assigned from time to time.
Key Result Areas
The jobholder’s accountability areas are outlined as follows:
Effective utilization of resources
Compliance to policies, procedures, standards and controls
Costs control
Risk management and safety of assets
Compliance to safety regulations and procedures
Ensure internal checks and balances in the Sacco’s finances
Security of the existing financial systems

Job Specifications
Education
A master’s in finance or related field
CPA – K/ACCA qualification
CISA certification
Skills Required
Membership of a professional body
A firm understanding of internal auditing standards
Able to integrate understanding of industry trends and vulnerabilities to identify future
possibilities, opportunities and risks
Knowledge and application of Internal Audit standards in financial services industry
Proactively review and recommend security quality improvements in line with technological and
product changes
Ability to understand and document workflows and business processes.
Knowledge and effective application of all relevant banking policies, processes, procedures and
guidelines to consistently achieve required compliance standards or benchmarks
Organized; able to work both independently and in a team setting
Ability to identify solutions that effectively address business and control needs
Interpersonal skills to effectively communicate audit results to functional heads and other
stakeholders
Self-empowerment to enable development of open communication, teamwork and trust that are
needed to support true performance.

Minimum Experience Required
Five (5) years working experience in a finance function with a minimum 4 years auditing experience in a
senior position.
Successful candidates will be required to meet the requirements of Chapter 6 of the constitution of Kenya by obtaining the relevant documentation.

Method of Application
Interested candidates who meet the set criteria to submit their application letter together with a detailed Curriculum Vitae with at least three contacts of professional referees, copies of academic and professional certificates to:
The HR & Administration Manager,
Chai SACCO Society Ltd,
P.O. Box 278 – 00200, Nairobi.
All applications should be submitted on email to: hr@chai-sacco.co.ke with subject heading clearly marked