Date: 10th May 2019
of engagement: 3 years contract renewable
to the Credit Manager , the main functions of the Credit Officer will entail;
Ensure that the credit/loan is
strictly adhered to in loan processing.
Perform appraisal of loans and work
out members’ entitlement and amount granted.
Recommend loan application to be
forwarded to credit committee for approval.
Reject loans and explain reasons for
the same for ratification by the credit committee.
Responsible for the preparation of
files for the credit manager to present to the credit committee meeting.
Attend to members queries as concerns
Advice management through the Credit
manager on demands for loans.
Assist the credit committee in
developing sound credit policies.
Ensure that members whose
applications have been deferred or rejected from loan office for not conforming
to the loans policy are promptly advised.
Ensures that all members’
correspondences on loans, withdrawals and membership are promptly attended to.
Maintaining loan register.
Maintaining guarantors’ records.
Ensure efficient and prompt recovery
of loans disbursed and interest accrued.
Maintaining confidentiality of
members’ loan information.
Drafting demand notices to loan
Preparation of monthly insurance
premium schedule for submission to the insurance company.
Preparation and generation of loan
schedules and statements.
Preparing monthly reports for the
Ensuring that all loans comply with
lending regulations and policies of the Society; and
Any other lawful duties as may be
assigned from time to time.
A Business related degree or its
equivalent from a recognized university and CPA 2 or its equivalent or CPA 2
and has satisfactorily served as a credit Officer in the Society or a
comparable position with similar responsibilities in a Sacco or in a similar
Minimum of 4 years of relevant
A diploma in Cooperative Management
will be an added advantage.
Have demonstrated high financial
management capability and investment.
Have good knowledge of information
Effective listening, verbal and
written communication skills.
Judgment and decision-making ability.
Accuracy and attention to detail.
Demonstrated integrity and ethical
Able to handle difficult customers
with diplomacy and tact.
Problem-solving and analytical
Manages time effectively and adapts
quickly to changing priorities.
Team player who works productively
with wide range of people.
Capable of following written
instructions and documented procedures.
Able to read, analyze and interpret
Good Knowledge of Microsoft Office
Job Reference No. IA/26/04/2019
Closing Date: 10th May 2019
Type of engagement: 3 years contract
Reporting to the CEO , the main
functions of the Internal Auditor will entail;
Reviewing the credibility and
integrity of financial statements.
Ensuring the financial statements of
the Society have been prepared in accordance with the IFRS, IAS and the Sacco
Societies Act. This will also ensure that all the disclosure requirements in
accordance with the rules and regulations are also met.
Ensure that the loans of the society
are all documented and the necessary steps were followed in awarding the loans.
The process of loan awarding should be professional.
Ensure that the fixed assets of the
Society are safeguarded, their physical condition is proper, they exist and
they are correctly valued. This includes checking the physical presence, the
depreciation policies and analyzing their effectiveness and whether they are
Analyze the investments made by the
Society to ensure that the investment policy was followed, the investments are
safe, they don’t exceed such a proportion of the prudential standards that have
been set and such investments have been made for the good of the Society.
Ensure that the information contained
in the financial statements is complete and reliable for effective decision
The internal auditor checks that all
activities done by the Sacco are in conformity with the existing laws and
regulations. This will entail the internal auditor ensuring that the Society
does not contravene among others; The Cooperative Societies Act, the Sacco
Societies Act, CBK Act, the labor laws, NSSF Act and other relevant Acts and
Review the economic efficiency and
effectiveness in the utilization of the Society resources so that its
objectives are achieved.
The internal auditor will also review
the adequacy, design and effectiveness of the internal control systems. This
will monitor the quality of such controls, detect any weakness and provide
recommendation for improvement.
Undertaking regular transaction and
systems review to confirm that internal control systems are in place and are working.
Vouching and examination of vouchers
Advising Board on the sufficiency/
adequacy of internal controls and systems.
Undertaking investigate audits on
Drawing up annual audit plan based on
a risk assessment.
Completing assigned tasks in a
timely, accurate and well documented manner ensuring that audit findings and
recommendations made during the course of the audit are promptly communicated
to the Board.
Performing follow-up work as
necessary subsequent to the audit.
Formulating and reviewing internal
controls and procedure manual.
External audit report follow up.
Assist the BOD in the governance of
the Society by advising on the direction of various issues.
The internal Auditor shall act as a
link between the external auditor and the supervisory committee of the Society.
In the event the external audit is being performed, the external auditor
analyses the work done by the internal auditor mainly focusing on independence
and integrity of the internal audit function so that they can place some
reliance on its work.
Having fraud detection steps in audit
programs; investigating allegations of fraud, and reviewing fraud prevention
controls and detection processes put in place by management, making
recommendations for improvement and on corrections or enhancements needed to
maintain and improve effective and complaint operations.
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
Society and making appropriate recommendations.
Any other lawful duties that may be
assigned from time to time.
A Business related/ Bachelor’s degree
or its equivalent from a recognized university and CPA (K) or its equivalent or
a CPA (K) and has satisfactorily served as an Accountant/ Internal Auditor in
the Society or a comparable position with similar responsibilities in a Sacco
or in a similar organization for a minimum period of 5 years.
CISA will be an added advantage.
Be registered with ICPAK
5 years of relevant experience.
Judgement and decision making
Accuracy and attention to detail.
Excellent communication and
Excellent analytical and audit
Self-driven and work with minimal
All risk analysis skills.
Advanced report writing and
Good IT skills and Proficient in
Microsoft office suite.
How to Apply
Interested candidates meeting the
above requirements should
following the two (2) step procedure below;
Curriculum Vitae (CV)
Applications close on 10
Only shortlisted candidates will be contacted.
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