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Job Title:   Supervisor Internal Audit   

Organisation: URA Staff SACCO

Duty Station:  Kampala, Uganda

Reports to: URA SACCO BOARD

About US:

The URA Staff SACCO aims to become a model Savings and Credit, Investment and Financial Literacy Service Provider in Africa while offering efficient and effective customer-oriented service.

Job Summary:  The Supervisor Internal Audit will give assurance on Governance, Risk Management and Control aspects of the SACCO and recommend improvements.

Reporting functionally to the Board and Supervisory Committee and administratively to the Chief Executive Officer

Key Duties and Responsibilities:

Review the credibility and integrity of financial statements and give assurance on the following their compliance with IFRSs, IASs, Cooperative Societies Act and Regulations and any other regulatory requirement.

• Compliance with the lending policy requirements in the processing and approval of loans.
• Acquisition, valuation, safety and presentation of SACCO assets in the Financial Statements, assets.
• Compliance with the investment policy and other best practices in the selection of investment ventures including adherence to Value for Money principles.
• Check that the information contained in the financial statements is complete and reliable for effective decision making.

Review all processes for conformity and compliance to all appropriate regulations        

• Check that all activities done by the SACCO are in conformity with and does not contravene any of the existing laws and Regulations.
• Review the economy, efficiency and effectiveness in the utilization of SACCO resources to attain its objectives.
• Investigate allegations of fraud, review fraud prevention controls and detection processes put in place by management, make recommendations for improvement/corrections for deficiencies.
• Maintaining files and supporting documentation for audits and other assignments.
• Identifying and qualifying key business risks estimating the probability of occurrences and the impact on the SACCO and making appropriate recommendations.
• Perform duties of the secretary to the Supervisory Committee.

Review the adequacy, design and effectiveness of the Internal Control System   

• Analyze the accounting system being used by the SACCO and ensure one official cannot originate and complete a transaction. There should be a well-defined segregation of duties.
• Assess the adequacy of the controls surrounding asset storage.
• Perform analytical procedures to establish trends and relationships in financial and non-financial data to inform the level control testing/investigation.
• Perform walk through tests to confirm the effectiveness of the controls by design and operation.

Assist the Board in the governance of the SACCO by advising on the direction on various issues   

• Documentation of the different SACCO processes or functions.
• Appropriateness/adequacy of the SACCO organizational structure including reporting lines.
• Appropriateness/adequacy of the SACCO strategic plan in achievement of its objectives.
• Advise Board and Management on the desired Tone to attain SACCO objectives.

Qualifications, Skills and Experience:

• Bachelor of Commerce or Business Administration degree (Accounting or Finance).
• At least five years of experience in audit in a reputable organization.
• Full qualification in CPA or ACCA.
• Certified Internal Auditor (CIA)
• Certified Fraud Examiner (CFE)
• ISO 31000 Certification
• Training in Leadership
• Training in Risk Management
• Experience in auditing Financial institutions
• Various banking software systems
• Government and other stakeholders’ rules and regulation
• Knowledge of the Cooperative Societies Act & Regulations, Micro Finance Deposit Taking Institutions Act & Regulations, Micro Finance & Money Lenders Act and all relevant legal framework
• Be of exemplary integrity and honest
• Have excellent communication and interpersonal skills
• Have excellent financial analysis skills
• Be a team player
• Be decisive and possess quick judgment skills
• Possess excellent business writing and presentation skills
• Be proactive and have initiative
• Possess analytical and critical thinking skills
• Must be impartial in reporting
• Age Limit: Below 45 years

NB: This is a re-advertisement. Those who had applied earlier need to re-apply.

How to Apply:

All candidates should apply online at the link below.

Click Here

Deadline: 28^th August 2023

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