Umodzi Microfinance Limited exists to serve and empower people to build brighter futures together. Umodzi means “oneness” in one of our local languages. We are in this together, and together, we can learn, grow, and transform lives. We serve our shareholders, our board, our team, and most importantly, our clients. We believe in service one step beyond.
We will transform the Microfinance industry by pursuing excellence in all we do. Transformation isn’t easy; but we are committed to excellence by going to a client’s home when they need extra help, creating new products with the latest software to meet our clients’ needs, and building an ambitious culture of consistency and positivity.
Role Overview
As part of a dynamic team, you will help accomplish our objectives by bringing a systematic and disciplined approach to evaluating and improving the effectiveness of risk management and controls. You will manage and deliver audit and related assignments from planning through to completion. The role will require proficiency in relevant accounting standards, as well as experience in audit and fraud investigation.
You will also be responsible for conducting investigations into fraud and irregularities involving the company's employees, customers, third parties, and transactions.
Duties and Responsibilities include (but not limited to):
- Carrying out the annual risk assessment to develop the audit plan in alignment with the risk profile of the organization.
- Performing the full audit cycle including risk assessment, planning and evaluation of effective of internal controls in the business.
- Planning, organizing and conducting various types of internal audits that include but not limited to; Departments/Functional Units, special audits, compliance in accordance with the audit plan.
- Conduct fraud investigations / examinations and forensic audits when the need arises.
- Analyse financial and operational data to identify trends, risks and uncover instances of fraud, irregularities.
- Carry out tests of controls in the field to evaluate operational effectiveness as per company policies and procedures by visiting clients and their respective groups in branches.
- Writing audit reports/ investigation backed up with clear evidence and working papers after every audit/ investigation exercise.
- Collaborate closely with legal and law enforcement officers where investigations proceed to police or court.
- Prepare and present quarterly reports to senior management and the board highlighting the key audit, risks and compliance issues.
- Give advisory services by actively participating in team meetings and/or committees to ensure that Internal Audit is well-informed of key business developments that could have an impact on risks, internal controls, audit priorities and/or plans.
- Manage the process to track, follow-up, and ultimately close all open audit issues in the assigned audit areas.
- Ensure that all Internal Audit assignments are performed in accordance with established professional standards and remain abreast of emerging trends and best practices that can be incorporated into the function.
- Manage Ad hoc requests from the Chief Internal Auditor within the audit function and other management requests.
- Continuous research to enhance the knowledge around auditing techniques, risk management and internal controls
Academic Qualifications
- A Bachelor's Degree in Accounting, Commerce or Finance, or other relevant disciplines is required
- Certified Public Accountant (CPA/ACCA) certification required; Certified Internal Auditor (CIA) or Certified Fraud Examiner (CFE) certification is preferred.
- An IT related qualification/background is not essential but would be an advantage.
Skills/Knowledge
- A minimum of 3 - 4 years of relevant work experience, with expert skills in auditing techniques, fraud examination/ investigation, forensics, accounting, analytics, critical thinking etc.
- Knowledge of fraud prevention, detection, resolution and investigation.
- Knowledge of Internal audit procedures and Auditing standards and relevant laws.
- Ability to provide detailed perspectives of audit findings, which are backed up with clear working papers and evidence.
- A high degree of computer literacy, demonstrated ability to integrate technology into the work environment.
- Current knowledge of industry best practices, trends and issues.
- Highly developed organizational, communication and presentation skills.
- Strong management or leadership skills as exhibited by experience in effectively leading a team and/or chairing committees.
- Experience in budget planning and implementation would be advantageous.
- Ability to travel long distances at short notice, including travelling overnight.
Our Values
In addition to your day-to-day responsibilities, as a team member of Umodzi Microfinance Limited, we take pride in acting as Brand Ambassadors for our company in all that we do. We strive to make this a great place to work and an organization
