Internal Auditor VisionFund Zambia Limited

VisionFund Zambia Limited is part of a network of microfinance institutions within the VisionFund International network. We empower low-income entrepreneurs with access to integrated financial services that unlock their potential. We are part of World Vision, the largest global Christian humanitarian organization. In order to support our growth aspirations, we seek to recruit a qualified candidate who is self-motivated and results-oriented to fill the following position

INTERNAL AUDITOR

Reporting to: Head Internal Auditor

PURPOSE OF THE POSITION: INTERNAL AUDITOR

The incumbent will ascertain compliance of operations with VisionFund policies and procedures as well as with existing national laws, rules and regulations by conducting audit of branches and head office. The incumbent will be responsible for reviewing and evaluating the internal control and accounting systems of branches and head office, and recommending corrections, improvements and compliance. The incumbent is responsible for conducting the impact evaluation on the clients and recommending improvements.

MAJOR RESPONSIBILITIES

1. Planning (10%)

• Participate in developing and preparing the Annual Audit Plan that outlines the activities to be undertaken by the Internal Audit Department during the year.
• Develop Audit Engagement Plan

2. Audit (60%)

• Perform Audit work in accordance with the approved audit manual and professional standards.
• Carry out the procedures outlined in the internal audit program under the supervision of supervisor.
• Carry out independent assessment of the application and compliance with the established company policies, procedures and regulations.
• Review, appraise and advise accordingly the soundness, adequacy and efficiency of accounting, financial, business operations process, MIS, HR and other internal controls and detect irregularities and illegal acts.
• Perform operational reviews and appraisals on the cost effectiveness and efficiency with which company resources are employed in all MFI business processes.
• Review and advise degree of compliance of MFI business to its internal policy and procedures as well as VFI policies.
• Perform audit of the MFI assets to ascertain that they are properly recorded and safeguarded from theft, fraud, and misappropriation.
• Perform audits of the MFI’s liabilities and ascertain that they are accurate and genuine.
• Provide investigative services, as the need arises, and if possible, recommend changes on policies and procedures arising from the case(s) investigated in order to strengthen the MFI’s control management system.
• Carry out sampling tests for examination.
• Perform client visits during audit.
• Clarify all audit findings with auditees during the process of audit fieldwork to minimize discussion time in the exit conference.

3. Reporting (25%)

• Submit a written audit report to supervisor ensuring sufficiency of audit coverage.
• Discuss the results of his audit with the respective unit/branch/department managers and advise on appropriate actions to improve conditions.
• Maintain adequate records of reports submitted and monitor whether actions to rectify the reported findings acknowledged are undertaken promptly.
• Review corrective actions and follow-up reports or management responses to the audit recommendations and follow-up with related branch or head office to clear responses as may be assigned.

4. 5%

• Other duties as assigned.

Knowledge, Skills and Abilities

• University degree in accounting, finance or business administration, ACCA/CIMA
• Computer skills, Microsoft office applications
• Must have good oral and written communication skills.

Preferred Skills, Knowledge and Experience:

• Knowledge of local business community
• Planning skills, time management
• Detail oriented

Work Environment:

• The position requires ability and willingness to travel within the country up to 70% of the time.

CORE CAPABILITIES

• Demonstrates and communicates a culture of compliance and integrity

Thinking Capabilities:

• Able to identify critical risk areas
• Able to use new tools and improve audit activity

Self-Managing Capabilities:

• Demonstrate Christ centered values in work and life
• Continually adding best audit practice to the institution

Relational Capabilities:

• Able to communicate and relate to different groups effectively
• Able to act independently, but also to add value to management in its development of controls and managing of risk.