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About the Organisation
MSACCO2012 offers full-service banking convenience with an 8 branch network across Uganda through our Mobile banking platform, SMS banking services.
Internal Auditor job at Millennium SACCO 2012 | Apply Now
Mbarara, Uganda
Are you looking for Auditor jobs in Uganda 2024 today? then you might be interested in Internal Auditor job at Millennium SACCO 2012
Full Time
Deadline:
15 Dec 2024
Job Title
Internal Auditor job at Millennium SACCO 2012
Millennium SACCO 2012
Job Description
Job Title: Internal Auditor
Organisation: Millennium SACCO 2012 Ltd
Duty Station: Mbarara, Uganda
The Internal Auditor at the SACCO (Savings and Credit Cooperative Organization) is responsible for evaluating and improving the effectiveness of internal controls, risk management, and governance processes. This role involves conducting audits to ensure compliance with policies, regulations, and best practices, and providing recommendations for improving operational efficiency and safeguarding assets.
Duties, Roles and Responsibilities
Qualifications, Education and Competencies
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
All interested person(s) should submit a hand written application and CV indicating the job applied for addressing it to:
The Chairperson Human Resource Committee,
Millennium SACCO 2012 Ltd,
Head Office P.O Box 14, Mbarara. Uganda
Deadline: 15th December 2024 by 5pm
NB: Only successful candidates will be contacted.
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How to Apply
Internal Audits:
Conduct regular internal audits of the SACCO’s financial operations, including accounting systems, financial records, loan portfolios, member transactions, and cash flow management.
Plan, execute, and complete audits in accordance with the annual audit plan, ensuring they meet regulatory and organizational standards.
Risk Management and Control Evaluation:
Evaluate the adequacy and effectiveness of internal controls to mitigate financial, operational, and compliance risks.
Identify weaknesses in systems and processes and recommend corrective actions.
Assess risk management practices and provide recommendations to improve the SACCO’s risk control environment.
Compliance Reviews:
Ensure compliance with the SACCO’s bylaws, policies, procedures, and regulatory requirements (e.g., from SASRA, Central Bank).
Monitor compliance with loan policies, member services, deposit handling, and other operational procedures.
Financial and Operational Reviews:
Review the SACCO’s financial reports for accuracy, integrity, and compliance with accounting standards.
Ensure that financial statements accurately reflect the SACCO’s position and provide early warning of potential financial challenges.
Audit all SACCO activities, including loans, deposits, and other financial transactions, ensuring proper documentation and adherence to regulations.
Audit Reporting:
Prepare audit reports that document findings, issues, and recommendations for improvements.
Communicate audit results to senior management and the Audit Committee, highlighting key issues and risks.
Track the implementation of corrective actions and improvements recommended in previous audits.
Fraud Detection and Prevention:
Investigate any suspected fraudulent activities, misappropriation of funds, or other irregularities.
Implement measures and practices to detect and prevent fraud within the SACCO’s operations.
Advisory Role:
Provide advisory support to management and staff on internal controls, risk management, and operational improvements.
Collaborate with other departments to enhance the effectiveness of policies and procedures.
Staff Training:
Provide training and support to SACCO staff on internal controls, compliance, and ethical standards.
Promote a culture of transparency, accountability, and good governance within the organization.
Other Duties:
Assist in the preparation of audit plans and assist with the SACCO’s annual risk assessment process.
Perform special audits or reviews as directed by the Audit Committee or senior management.
Stay updated with industry standards, regulations, and best practices related to SACCOs and internal auditing.
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Qualifications:
A Bachelor’s degree in Accounting, Finance, or a related field. A Certified Public Accountant (CPA) or ACCA qualification is an added advantage. A Certified Internal Auditor (CIA) certification or equivalent is also an added advantage.
Must have a credit in Mathematics and English at O’level.
A minimum of 3 years of experience in internal auditing, preferably in financial institutions or SACCOs.
Familiarity with SACCO policies, regulations, and practices.
Ability to analyze financial data, identify risks, and provide actionable insights.
Thoroughness in examining records and ensuring compliance with regulatory standards.
Excellent verbal and written communication skills for preparing reports and liaising with stakeholders.
Ability to identify issues and recommend effective solutions.
High ethical standards and the ability to handle sensitive information.
Competence in identifying and mitigating risks within the organization.
strong understanding of financial and operational controls in SACCO environments.
Knowledge of fraud detection and prevention techniques.
Ability to work independently and as part of a team.
Strong organizational and time management skills.
Demonstrated ability to prepare and present audit findings and recommendations to senior management.
Strong interpersonal skills to foster collaboration and trust across the organization.
