Internal Auditor at Unifi

We offer simple, short-term microfinance to formally employed people and bridge the gap in their day-to-day finances. Our product is delivered through our branches and USSD app. Our purpose is to redefine credit in Kenya with simpler, faster and smarter lending solutions.

Responsibilities:

• Contribute to the developing and implementing an annual audit plan.
• Plan and execute internal audits as per audit plan, including determining audit objectives and scope, identifying and assessing risks.
• Develop audit programs, and ensure compliance with internal audit work paper standards for each audit.
• Identify all significant control weaknesses and appropriately communicate these weaknesses to management timeously.
• Prepare reports containing observations, comments and recommendations based on carried out work.
• Present findings at audit meetings.
• Ensure the ongoing monitoring of management's corrective action plans until resolution.
• Identify the need for follow-up audits based on risks identified during an internal audit and maintain the audit plan.
• Monitor and investigate cash variances for all branches daily.
• Provide input into Manco monthly reports to reflect internal audit activities and outcomes.
• Monitors appropriate measures for the prevention of fraud and elimination of conditions inductive to fraudulent actions.
• Assist in developing & implementing a whistle-blower hotline.
• Perform any other tasks as required.
• Scope but not limited to
• Operational audits
• Ongoing audit of areas vulnerable to operational fraud
• Unusual loan account transactions
• Branch cash-out instances
• Expense abuse
• Cash variance checks
• End of day variances: investigate & track resolution of findings
• Perform monthly variance analysis to identify unusual trends
• Client sampling - phone 10-20 clients per week to test transaction validity
• Financial audits
• Audit implementation of accounting policies
• Review of Loan book reconciliation and balance sheet accounts
• Assess expense authorisations & legitimacy of expenditure.
• Clearing and suspense account reconciliations review
• Review of Banking rights and user access
• Inspect processed journals
• Compliance audits
• Regulatory compliance
• Review adherence to internal policies and procedures

Qualifications & Requirements:

• Bachelor's degree in Internal Audit, Finance, Accounting, or a related field; advanced degree or professional certification (e.g., CIA) is preferred.
• 4 -7 years of experience in auditing role
• Experience in the banking and financial services environment will be an advantage.
• Ability to travel across Africa
• Knowledge of internal audit principles, standards, internal control environment
• Knowledge of relevant laws, regulations, and industry best practices is advantageous
• Understanding of Financial Crime and Compliance legislation, compliance procedures and standards
• Focus on improving the effectiveness of risk management, control, and governance processes
• Ability to work independently and collaboratively in a fast-paced environment, meeting deadlines.
• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills,

• Contribute to the developing and implementing an annual audit plan.
• Plan and execute internal audits as per audit plan, including determining audit objectives and scope, identifying and assessing risks.
• Develop audit programs, and ensure compliance with internal audit work paper standards for each audit.
• Identify all significant control weaknesses and appropriately communicate these weaknesses to management timeously.
• Prepare reports containing observations, comments and recommendations based on carried out work.
• Present findings at audit meetings.
• Ensure the ongoing monitoring of management's corrective action plans until resolution.
• Identify the need for follow-up audits based on risks identified during an internal audit and maintain the audit plan.
• Monitor and investigate cash variances for all branches daily.
• Provide input into Manco monthly reports to reflect internal audit activities and outcomes.
• Monitors appropriate measures for the prevention of fraud and elimination of conditions inductive to fraudulent actions.
• Assist in developing & implementing a whistle-blower hotline.
• Perform any other tasks as required.
• Operational audits
• Ongoing audit of areas vulnerable to operational fraud
• Unusual loan account transactions
• Branch cash-out instances
• Expense abuse
• Cash variance checks
• End of day variances: investigate & track resolution of findings
• Perform monthly variance analysis to identify unusual trends
• Client sampling - phone 10-20 clients per week to test transaction validity
• Financial audits
• Audit implementation of accounting policies
• Review of Loan book reconciliation and balance sheet accounts
• Assess expense authorisations & legitimacy of expenditure.
• Clearing and suspense account reconciliations review
• Review of Banking rights and user access
• Inspect processed journals
• Compliance audits
• Regulatory compliance
• Review adherence to internal policies and procedures

• Ability to travel across Africa
• Knowledge of internal audit principles, standards, internal control environment
• Knowledge of relevant laws, regulations, and industry best practices is advantageous
• Understanding of Financial Crime and Compliance legislation, compliance procedures and standards
• Focus on improving the effectiveness of risk management, control, and governance processes
• Ability to work independently and collaboratively in a fast-paced environment, meeting deadlines.
• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills

• Bachelor's degree in Internal Audit, Finance, Accounting, or a related field; advanced degree or professional certification (e.g., CIA) is preferred.
• Experience in the banking and financial services environment will be an advantage.