Internal Audit Manager Job Placement – EFC Uganda Limited (MDI)

Job Title:       Internal Audit Manager
Organization: EFC Uganda
Limited (MDI)
Duty Station: Kampala,
Reports to: EFC Audit
Committee and Managing Director (MD)
About US:
EFC Uganda Limited (MDI) is a leading deposit taking Microfinance
Company supervised by the Bank of Uganda and it provides financial services to
micro and small size enterprises (MSEs). Its major purpose is to provide
increased access to specialized financial services for entrepreneurs while
contributing to wealth creation, improvement of living conditions and
development of the Ugandan private sector.
Job Summary: The Internal
Audit Manager will review and assess the effectiveness of the policies,
procedures and standards by which EFC’s financial, physical and information
resources are managed. This position adds value by providing the EFC Board of
Directors and Senior Management an independent and objective assurance and
consulting activity designed to improve the effective discharge of their
responsibilities and EFC operations overall. The incumbent also supervises,
supports, coaches and mentors the internal auditors in the execution of their
audit program activities to ensure their completeness and relevance. The
Internal Audit Manager is primarily responsible to independently and
objectively develop, oversee and assure the implementation of the annual audit
plan approved by the EFC Audit Committee.
Key Duties and
  • Work
    closely with the Board of Directors and Senior Management to ensure a
    system is in place which ensures that all major risks of the EFC are
    identified and analysed on an annual basis;
  • Plan,
    organise and carry out the internal audit function including the
    preparation of an annual audit plan which fulfils the responsibility of
    the department by scheduling and assigning work and estimating resource
  • Report
    to both the Audit Committee and Senior Management on the policies,
    programs and activities of the department;
  • Coordinate
    the planning and execution of the activities of the quarterly audit plan;
  • Determine
    the scope of reviews required based on prevailing risks or any
    other particular circumstances;
  • Ensure
    through remote and on-site monitoring that the audit methodology and tools
    are efficiently and properly used in the course of the audit activities;
  • Ensure
    the rigour and effectiveness with which audit activities are executed
    within agreed-upon methodology and principles;
  • Review
    the overall quality of the outputs produced by the department and more
    specifically audit programs and reports;
  • Ensure
    the conformity of the audit methodology and tools to policies,
    procedures and legal requirements of EFC;
  • Make
    recommendations on risk management systems and procedures that need to be
    revised and monitor management’s response and implementation;
  • Contribute
    actively to the improvement of the audit methodology through the
    development of new tools and techniques for approval;
  • Review
    and report to both Audit Committee and Senior Management on the accuracy,
    timeliness and completeness of the work performed by the
  • Initiate
    plans for recruitment, training and development of Internal Audit Team
    staff in accordance with the Company’s needs and makes recommendations as
    appropriate to the Human Resources Manager;
  • Coordinate
    any special reviews or tasks as requested by the Audit Committee or
    MD, provided that they do not compromise the independence or objectivity
    of the internal audit function.
Other tasks and responsibilities that will enable the fulfillment of
the above noted responsibilities include:
  • Monitoring
    and controlling the performance appraisal of all Internal Audit
    Team employees;
  • Carrying
    out risk assessments of the various departments and/or functional areas of
    the EFC in established/required timelines;
  • Determining
    the scope of review required for each particular circumstance;
  • Assessing
    reliability and effective use of internal controls and assisting in
    reviewing administrative procedures;
  • Obtaining
    required information directly or indirectly through examination of records
    or interviews with staff;
  • Determining
    and reporting compliance with policies, procedures and statutory
    requirements and where appropriate, drafting recommendations for
  • Verbally
    communicating findings to the Audit Committee and Senior Management as
    required and drafting comprehensive and complete reports for
    submission to the Audit Committee of the Board.

Qualifications, Skills and
The Internal Audit Manager requires good practical knowledge of
internal audit objectives and principles as performed in the financial services
sector. S/he requires the foresight and overall understanding of operational
risks to see how they link to day-to-day operational processes and to assess if
the audit methodology and tools are properly designed and used to facilitate
the achievement of the internal audit function objectives. In this regard,
specific qualifications and requirements include:
  • Bachelor’s
    Degree in Accounting or Finance and satisfactory completion of
    professional certification
  • At
    least three years relevant middle management experience in a
    financial institution;
  • Good
    knowledge of audit procedures and techniques, such as: planning, sampling
    and test of details and controls;
  • Good
    knowledge of finance, accounting, IT systems, internal control and
    risk management;
  • Excellent
    oral and written communication skills in English;
  • Excellent
    time management, planning and organizational skills;
  • Extremely
    strong leadership and management skill with the ability to supervise,
    coach and mentor employees;
  • Strong
    computer skills (Word, Excel, Power Point, database, etc.);
  • Ability
    to establish and retain effective working relationships with other EFC
How to Apply:
All suitably qualified and interested candidates are encouraged to send
a letter of interest explaining their motivation for the position applied for
together with their Curriculum Vitae, three professional references and copies
of academic certificates/diplomas. The complete applications must be sent via
E-mail only to:
NB: The job title should
be included in the subject of each application.
Deadline: 6th October 2017 by
02:00 PM

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