Nicholas Kisilu
Assistant Internal Auditor

Internal Auditor in a SACCO (Savings and Credit Cooperative Organization) plays a crucial role in ensuring the integrity, efficiency, and compliance of financial operations within the organization. Here's a description of the duties and responsibilities typically associated with this position:

  1. Internal Audit Procedures:

    • Assist in developing and implementing internal audit plans and procedures to evaluate the effectiveness of internal controls, risk management processes, and compliance with regulatory requirements.
    • Conduct audit tests and examinations of SACCO financial records, transactions, and operations to identify any discrepancies, irregularities, or areas for improvement.

  2. Risk Assessment and Mitigation:

    • Assist in identifying and assessing potential risks to the SACCO's financial stability, security, and reputation.
    • Participate in risk assessment activities and contribute to the development of risk management strategies and mitigation plans.

  3. Financial Analysis and Reporting:

    • Analyze financial data, trends, and performance metrics to assess the SACCO's financial health and identify areas of concern or improvement.
    • Prepare audit reports detailing findings, recommendations, and corrective actions for management review and follow-up.
    • Assist in presenting audit findings and reports to SACCO management and relevant stakeholders.
    Contact Info
    0758111 222
    Education
    BCOM

    Compliance and Regulatory Duties:

    • Ensure compliance with regulatory requirements and internal policies related to member accounts and transactions.
    • Maintain confidentiality of member information and adhere to privacy laws and regulations.
    • Assist in conducting audits and internal reviews to ensure adherence to SACCO policies and procedures.

    Communication and Outreach:

    • Communicate effectively with members, staff, and external stakeholders via phone, email, or in-person interactions.
    • Assist in promoting SACCO products and services through outreach activities and marketing campaigns.
    • Participate in SACCO-sponsored events or community activities to promote financial literacy and member engagement.
    Team Skills
    Strategic thinking
    Staff Category
    Audit Department