The Microfinance Support Centre Ltd is seeking to fill the position of AUDIT OFFICER. This role reports to the SENIOR AUDIT OFFICER and is responsible for executing risk-based internal audits for the Company and its clients in accordance with the annual audit plan. The position also involves assisting with other internal audit matters and projects, ensuring compliance with regulatory frameworks and best risk management practices.

Responsibilities or duties

Key Result Areas:

• Implement internal audits assignments as allocated by the Manager.


• Well-maintained audit records.


• Prompt identification of risk potential areas in the Company and recommend timely remedial action.

Key Tasks:

• Execute risk-based audits by the annual work plans and as instructed by the supervisor by:
  
  
  
  • Determining the scope of review in conjunction with the Manager Internal Audit and Compliance.
  
  
  • Conducting a risk assessment of assigned department or functional area in established/required timeline.
  
  
  • Establishing risk-based audit programs.
  
  
  • Reviewing the suitability of internal control design.
  
  
  • Conducting audit testing of specified areas and identifying reportable issues and dimensions of risk.
  
  
  • Determining compliance with policies and procedures.
  
  
  • Agreeing on audit findings with management and drafting a comprehensive and complete report of the audit area for the attention of the internal audit management.
  
  
  • Support the audit team in creating and maintaining audit working papers in compliance with IIA standards.
  
  
  • Assist the audit team in evaluating the adequacy of any new system's internal controls.
  
  
  • Participate in conducting audits of the Zonal Office and the MSC clients.
  
  
  • Assist the internal audit team in identifying potential risk areas in the Company and recommend remedial action.
  
  
  • Participate in conducting impromptu or spot audits.
  
  
  • Any other duties allocated by the Manager of Internal Audit and Compliance.
  
  
  
  

Qualifications or requirements

Competencies/Person Specifications:

• Ability to navigate various financial reporting systems.


• Ability to maintain professional performance standards by keeping current with best Internal Audit practices through self-training and participating in recommended courses and in-house training.


• Ability to build relationships and relate well with others to facilitate the accomplishment of work targets.


• Ability to demonstrate high levels of integrity.


• Ability to pay attention to detail but able to quickly grasp the big picture.


• Ability to analyze and produce accurate information.


• Ability to maintain confidentiality.


• Excellent understanding of the standards of the Institute of Internal Auditors (IIA) and ability to fully comply with IIA standards.


• Ability to effectively communicate through written and oral means.

Experience needed

Two (02) years of progressive working experience in internal auditing in the financial service sector or related field with at least 5 years of related work experience in a reputable organization.

Any other provided details (e.g., benefits, work environment, team info, or additional notes)

Possession of relevant computer skills is a must.

Experience in automated accounting and auditing systems in a reputable service sector organization is an added advantage, especially in the financial sector.

• Implement internal audits assignments as allocated by the Manager.
• Well-maintained audit records.
• Prompt identification of risk potential areas in the Company and recommend timely remedial action.
• Execute risk-based audits by the annual work plans and as instructed by the supervisor by:
  • Determining the scope of review in conjunction with the Manager Internal Audit and Compliance.
  • Conducting a risk assessment of assigned department or functional area in established/required timeline.
  • Establishing risk-based audit programs.
  • Reviewing the suitability of internal control design.
  • Conducting audit testing of specified areas and identifying reportable issues and dimensions of risk.
  • Determining compliance with policies and procedures.
  • Agreeing on audit findings with management and drafting a comprehensive and complete report of the audit area for the attention of the internal audit management.
  • Support the audit team in creating and maintaining audit working papers in compliance with IIA standards.
  • Assist the audit team in evaluating the adequacy of any new system's internal controls.
  • Participate in conducting audits of the Zonal Office and the MSC clients.
  • Assist the internal audit team in identifying potential risk areas in the Company and recommend remedial action.
  • Participate in conducting impromptu or spot audits.
  • Any other duties allocated by the Manager of Internal Audit and Compliance.

• Ability to navigate various financial reporting systems.
• Ability to maintain professional performance standards by keeping current with best Internal Audit practices through self-training and participating in recommended courses and in-house training.
• Ability to build relationships and relate well with others to facilitate the accomplishment of work targets.
• Ability to demonstrate high levels of integrity.
• Ability to pay attention to detail but able to quickly grasp the big picture.
• Ability to analyze and produce accurate information.
• Ability to maintain confidentiality.
• Excellent understanding of the standards of the Institute of Internal Auditors (IIA) and ability to fully comply with IIA standards.
• Ability to effectively communicate through written and oral means.
• Possession of relevant computer skills is a must.

• Honours degree in any of the following fields; Computer Science; Information Technology, Business Administration, Economics, Statistics, Commerce, Development Finance and Banking or any other related discipline from a recognized University / Institution.
• Possession of relevant professional qualifications, i.e. CIA, CFSA, ACCA, is added advantage.