Background information about the job or company (e.g., role context, company overview)

Safaricom Investment Co-operative WE'RE HIRING Internal Audit Officer JOB DESCRIPTION To provide independent, objective assurance and advisory services that enhance the Society's governance, risk management, and internal control processes, while ensuring compliance with regulatory requirements and reporting obligations to the Ministry of Cooperatives. The Society seeks to engage a qualified professional for this role on a six (6) month fixed-term contract.

Responsibilities or duties

• 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 or requirements (e.g., education, skills)

• Bachelor's 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.
• Strong understanding of the Cooperative Societies Act.

Experience needed

• At least two (2) years' experience in internal/external audit.
• Experience within a Cooperative Society or regulated financial environment is highly desirable.

• 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.

• Strong understanding of the Cooperative Societies Act.

• Bachelor's 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.