Background

The Policyholders Compensation Fund (PCF) is a State Agency established under Section 179 of the Insurance Act (Cap 487 of the Laws of Kenya) with the mandate of protecting insurance claimants of an insurer placed under a manager appointed under section 67C (2) or whose license has been cancelled under the Act, through the provision of compensation for their unsettled claims.

Key Responsibilities / Duties / Tasks

• Contribute to the review and update of internal audit policies and procedures for departmental implementation.
• Prepare draft audit test procedures, notifications, and requests for information.
• Develop audit checklists and conduct routine audit tests in accordance with audit programs.
• Draft audit reports and participate in special audit assignments as required.
• Conduct follow-up audits to verify implementation of agreed recommendations by process owners.
• Support the implementation of a quality management system within the department.
• Perform audit tests on internal controls across accounting, administrative, and operational procedures to ensure compliance.
• Prepare draft risk-based audit plans, programs, and schedules for execution.
• Evaluate the progress and effectiveness of actions taken to implement audit recommendations from internal and external audits.
• Prepare departmental monthly and quarterly reports.
• Implement corruption prevention and mitigation strategies within the department.
• Implement the department’s annual work plans, budgets, procurement, and asset disposal plans aligned with the Fund’s performance targets and strategic.

Academic & Professional Qualifications

• Bachelor’s Degree in any of the following disciplines: Finance, Accounting, Business Administration or any other equivalent qualification from a recognized institution.
• Masters Degree in any of the following disciplines: Finance, Accounting, Business Administration or any other equivalent qualification from a recognized institution.
• OR
• Certified Public Accountants of Kenya CPA (K) qualification.

• Contribute to the review and update of internal audit policies and procedures for departmental implementation.
• Prepare draft audit test procedures, notifications, and requests for information.
• Develop audit checklists and conduct routine audit tests in accordance with audit programs.
• Draft audit reports and participate in special audit assignments as required.
• Conduct follow-up audits to verify implementation of agreed recommendations by process owners.
• Support the implementation of a quality management system within the department.
• Perform audit tests on internal controls across accounting, administrative, and operational procedures to ensure compliance.
• Prepare draft risk-based audit plans, programs, and schedules for execution.
• Evaluate the progress and effectiveness of actions taken to implement audit recommendations from internal and external audits.
• Prepare departmental monthly and quarterly reports.
• Implement corruption prevention and mitigation strategies within the department.
• Implement the department’s annual work plans, budgets, procurement, and asset disposal plans aligned with the Fund’s performance targets and strategic.

• Bachelor’s Degree in any of the following disciplines: Finance, Accounting, Business Administration or any other equivalent qualification from a recognized institution.
• Masters Degree in any of the following disciplines: Finance, Accounting, Business Administration or any other equivalent qualification from a recognized institution.
• OR
• Certified Public Accountants of Kenya CPA (K) qualification.