JOB ROLE/ PURPOSE:

  • 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
PRICIPAL ACCOUNTABILITIES SPECIFIC ACTIVITIES
1. 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.
 _________________________       ________________________________________________________________
2. 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.
 _________________________       ________________________________________________________________
3. 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.
 _________________________       ________________________________________________________________
4. 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.
PERSON SPECIFICATIONS
Essential requirements: a)     Bachelor of Commerce or Business Administration degree (Accounting or Finance).

b)     Minimum of 5 years’ experience in audit in a reputable organization.

c)      Full qualification in CPA or ACCA.
Desirable requirements: a)     Certified Internal Auditor (CIA)

b)     Certified Fraud Examiner (CFE)

More opportunities

c)      ISO 31000 Certification

d)     Training in Leadership

e)     Training in Risk Management

f)       Experience in auditing Financial institutions
KNOWLEDGE

Candidate should possess knowledge of;

a)     Various banking software systems

b)     Government and other stakeholders’ rules and regulation

c)      Knowledge of the Cooperative Societies Act & Regulations, Micro Finance Deposit Taking Institutions Act & Regulations, Micro Finance & Money Lenders Act and all relevant legal framework
SPECIAL SKILLS & ATTRIBUTES
a)     Be of exemplary integrity and honest

b)     Have excellent communication and interpersonal skills

c)      Have excellent financial analysis skills

d)     Be a team player

e)     Be decisive and possess quick judgment skills

f)       Possess excellent business writing and presentation skills

g)     Be proactive and have initiative

h)     Possess analytical and critical thinking skills

i)       Must be impartial in reporting
AGE LIMIT: BELOW 45 YEARS

Application procedure

Only Online Applications through Portal link https://bit.ly/m/URA-SACCO-JOBS-2023 will be accepted by 1700hrs on Monday 28th August 2023. Details of the scope of services, deliverables, required qualifications, experience and competences can be accessed through the same portal. You will receive a notification in your email if your applicotion has been successfully received. In the event that you are selected as a candidate for the job, it will be a requirement to provide certified copies of academic documents prior to appointment.

Please note:

1) All applicants that had previously applied for any of the positions should reapply.

2) URA Staff SACCO strives for inclusion and diversity and therefore considers all job applicants based on merit. We are an equol opportunity employer committed to having diverse workforce and do not ask for money at any stage of recruitment. Any form of lobbying shall lead to disqualification.

3) Only shortlisted candidates shall be contacted.

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