KUSCCO Mutual Assurance is a subsidiary company of KUSCCO LTD, licensed by the Insurance Regulatory Authority (IRA) to operate as a life insurer in Kenya. Through our work with SACCOs across the country and the public at large, we realised the need for more quality protection products at value pricing, developed with the individual in mind. With our produ…
Main Role
The job holder will be responsible for effective management of the Audit Department operations, coordination and implementation of audit policies, procedures, norms and standards.
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Key Responsibilities
- Review various business processes and documents to check for controls and compliance with the organization policies which include physical asset verification and conducting system audits.
- Participates in reviews of internal controls, standard operating procedures and policies
- Identifies potential audit areas, assists with assessing the degree of inherent risk, and estimating the time and skills required to complete audit projects;
- Making recommendations for improvement in risk management practices, governance and internal controls
- Working in liaison with management and other functions, support investigations as may be assigned from to time
- Assists in the development and execution of a comprehensive audit plan based upon risk assessment, management’s goals and objectives;
- Following up to ensure completion and issuing of audit reports to management and tracking implementation of controls to address internal audit findings, external audit findings and findings raised by regulators during their inspections.
- Identify opportunities for cost savings and making recommendations for improving cost efficiencies;
- Perform or assist in the performance of special projects or studies including due diligence, acquisition reviews, benchmarking etc;
- Any other duties as assigned by immediate supervisor.
Minimum Qualifications and Experience
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- A bachelor’s degree in Accounting, Commerce Finance, Economics, or other business-related subjects. A Master’s degree in Accounting, Commerce, and Finance, Economics or other business related subject will be an added advantage.
- Professional qualifications including CPA (K), ACCA, CIA and or CISA.
- Membership to a relevant professional body such as the Institute of Certified Public Accountants of Kenya (ICPAK) and the Institute of Internal Audit (IIA).
- Proficient working knowledge in Microsoft office, Oracle Systems and Audit Software
- Minimum of ten (10) years related work experience in auditing or finance.
- Knowledge of Internal Audit Standards, Code of Ethics and other best Practice Auditing and Accounting standards.
