Background

Mwananchi Credit Limited was incorporated as a private limited company under the Companies Act (Cap 486) of the Laws of Kenya. It initially started operations under the names Mwananchi Microlink Ltd which was incorporated on 15th April 2010. On 10th January 2012, it later changed its names to Mwananchi Credit Limited.

Overview

As a Head of Internal Audit, you will play a vital role in ensuring timely disbursements, managing compliance- related complaints, verifying documents, developing new compliance policies, and reducing portfolio at risk (PAR)

Key Responsibilities

• Annual Audit Plan Development and Execution
• Assist in developing and executing the annual audit
• Identify risk areas and prioritize audits based on potential
• Audit Planning and Management
• Plan, manage, and determine audit objectives and
• Develop audit programs and ensure compliance with policies and
• Conduct audits efficiently and
• Operational Examinations and Compliance
• Perform operational examinations for compliance with policies and
• Evaluate efficiency and adherence to accounting
• Consult departments on compliance and operational
• Supervision and Development of Audit Staff
• Supervise internal audit staff and facilitate professional
• Provide guidance and support to audit team
• Audit Documentation and Reporting
• Document audit findings and prepare comprehensive reports with
• Communicate audit results to
• Risk Identification and Mitigation
• Identify and mitigate risks, ensuring accurate financial
• Improve operational efficiency and add business
• Review and Follow-Up Audits
• Conduct follow-up audits on specific accounts and ensure proper
• Evaluate implementation of audit
• Liaison with External Auditors
• Serve as a liaison with external
• Ensure proper completion of audit

Objectives and Key Results (OKRs)

• Enhance Audit Planning and Execution
• Develop and complete the annual audit plan with the 1st
• Identify and assess risks for at least 90% of audits
• Ensure all audits are planned, executed, and documented within the defined scope and
• Improve Compliance and Operational Efficiency
• Achieve a 100% compliance rate with internal policies and procedures during
• Implement at least 80% of audit recommendations within six
• Review and Audit Invoices for approval and payment
• Develop and Support Audit Staff
• Conduct quarterly training sessions for internal audit
• Complete performance evaluations for all audit staff bi-
• Maintain a staff satisfaction rate of 85% or higher through regular feedback and development
• Strengthen Branch and Departmental Support
• Improve the TAT for handling statement within three (3) days
• Ensure 100% accuracy in portfolio reporting through routine operations audits and follow-
• Conduct monthly reviews on liquidated/restructured accounts to ensure proper closure and
• Foster Effective Collaboration with External Auditors
• Facilitate smooth and timely communication with external auditors for all
• Ensure 100% completion of external audit requirements within the stipulated
• Implement at least 90% of the external auditors’ recommendations within one

• Annual Audit Plan Development and Execution
• Assist in developing and executing the annual audit
• Identify risk areas and prioritize audits based on potential
• Audit Planning and Management
• Plan, manage, and determine audit objectives and
• Develop audit programs and ensure compliance with policies and
• Conduct audits efficiently and
• Operational Examinations and Compliance
• Perform operational examinations for compliance with policies and
• Evaluate efficiency and adherence to accounting
• Consult departments on compliance and operational
• Supervision and Development of Audit Staff
• Supervise internal audit staff and facilitate professional
• Provide guidance and support to audit team
• Audit Documentation and Reporting
• Document audit findings and prepare comprehensive reports with
• Communicate audit results to
• Risk Identification and Mitigation
• Identify and mitigate risks, ensuring accurate financial
• Improve operational efficiency and add business
• Review and Follow-Up Audits
• Conduct follow-up audits on specific accounts and ensure proper
• Evaluate implementation of audit
• Liaison with External Auditors
• Serve as a liaison with external
• Ensure proper completion of audit
• Develop and complete the annual audit plan with the 1st
• Identify and assess risks for at least 90% of audits
• Ensure all audits are planned, executed, and documented within the defined scope and
• Achieve a 100% compliance rate with internal policies and procedures during
• Implement at least 80% of audit recommendations within six
• Review and Audit Invoices for approval and payment
• Conduct quarterly training sessions for internal audit
• Complete performance evaluations for all audit staff bi-
• Maintain a staff satisfaction rate of 85% or higher through regular feedback and development
• Improve the TAT for handling statement within three (3) days
• Ensure 100% accuracy in portfolio reporting through routine operations audits and follow-
• Conduct monthly reviews on liquidated/restructured accounts to ensure proper closure and
• Facilitate smooth and timely communication with external auditors for all
• Ensure 100% completion of external audit requirements within the stipulated
• Implement at least 90% of the external auditors’ recommendations within one