Stima
Savings and Credit Cooperative Society Limited (Stima Sacco) is a leading
country-wide, fast growing and licensed DTS (Deposit Taking Sacco) with an
asset base of Kshs 22bn, a loan book of Kshs17bn, and membership of 65,000
derived from the energy, utilities, services, small and micro enterprises
(SMEs) and other sectors.
Its
key priority in the 2016-20 Strategic Plan is to transform its business model
and grow the business through innovative products, unparalleled customer
service, aggressive resource mobilization and expanded distribution
channels.
Head of
Internal Audit
Under
the supervision of the Audit Committee of the Board and the Chief Executive
Officer, the successful candidate will provide effective and efficient
co-ordination and supervision of Internal Audit Department through the
development and implementation of sound internal control procedures in
accordance with regulations, standards and Sacco policies and procedures.
Duties
and Responsibilities
- Maintain
strong internal policies, processes and controls in order to provide
timely, consistent and accurate financial, management information for effective
decision making.
- Implement
the Society’s internal audit strategy, policies and procedures.
- Carry
out risk identification, assessment and audit planning for high risk areas
within the operations of the Society.
- Report
and communicate Audit findings and recommendations to the Management and
to the Audit Committee of the Board.
- Evaluate
corporate governance processes and make recommendations for improvement.
- Develop
and spearhead anti-fraud and corruption strategy in accordance with the
Society policies, laws and regulations.
- Plan
and co-ordinate the timely performance of special audit investigations and
forensic audits as necessary.
- Attend
Board Audit Committee meetings as the Committee Secretary.
- Carry
out regular compliance tests on Society operating systems, policies and
procedures and make the necessary recommendations.
- Evaluate
the reliability, integrity, timeliness and accuracy of financial and
operating information to facilitate sound decision making by management.
Key
Qualifications:
- KCSE:
B- or its equivalent.
- A
Bachelor’s degree in Accounting, Finance or equivalent and a Master’s
degree in Business Administration, Finance, Commerce, Accounting or other
related field will be an added advantage.
- A
professional accounting qualification CPA (K), ACCA, ACA, CFA and a member
in good standing of ICPAK for the last 5 years.
- Must
be a member of Institute of Internal Auditors.
- Must
be a holder of a practising certificate issued pursuant to section 21 of
the Accountants Act, 2008 (No. 15 of 2008).
- Certification
in Information Systems Audit will be an added advantage.
- A
minimum of seven (7) years working experience in financial management,
five (5) of which must be in a senior management level as an Internal
Audit Manager or its equivalent.
- Knowledgeable
in all aspects of financial Institution and SASRA guidelines.
- Excellent
interpersonal, communication and presentation skills with the ability to
interact effectively with all levels of management and staff.
- Knowledge
of computerized audit techniques and experience in systems audit will be
an added advantage.
Interested
candidates should forward a Cover Letter and CV indicating the position applied
for as the Subject Line to: Email: headofinternalaudit@stima-sacco.com on or
before 5pm on 30th June 2016 indicating the position applied for as the subject
line.
Only Shortlisted applicants will be contacted