About US:
VisionFund Uganda (VFU) is a microfinance affiliate of World Vision Uganda and World Vision International. Its mission is to improve the lives of children by providing low income entrepreneurs with sustainable and integrated financial services that unlock their potential.
Job Summary: The Internal Auditor supports the institution accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. The incumbent will also guide the management on the adequacy of the systems, risk management and controls.
Key Duties and Responsibilities:
Planning (5%)
The jobholder develops and submits for approval to the Internal Audit Manager that outlines the activities to be undertaken by the Internal Audit Department during the year;
Annual plan prepared and approved by Internal Audit Manager
Reporting: (20%)
Maintains adequate records of reports submitted and monitors whether actions to rectify the reported findings acknowledged by the Audit Committee are undertaken promptly;
The jobholder also discusses the results of his audit with the respective unit/ branch/ department managers and advises on appropriate actions to improve conditions.
Informs all concerned staff on changes in internal control and audit policies and procedures;
Proposes improvements or enhancements and additions to internal control and audit policies and procedures to the Board Audit Committee;
Number of reports prepared per year
Number of recommendations made to Management
Audit (55%)
Conducts the procedures outlined in the internal audit plan
Evaluates the reliability of the information produced by accounting and computer systems;
Provides an independent appraisal function of all aspects of operations;
The incumbent also evaluates the effectiveness, efficiency, and economy of the institution’s operations;
Provides investigative services to line management;
Reviews operations and transactions of the institution that could adversely affect the
Well-being of the institution;
Performs an audit of the financial statements of the institution to detect irregularities and legal acts in the conduct of the institutional business.
No. of recommendations made to management
Number of critical audit issues resulting in change in VFU.
No. of audit reports generated
Have audit charter in place
Audit manual in place
Assist in external audits (5%)
Assists in the execution of the external audit as well as in examinations to be conducted by government regulatory agencies and other stakeholders/ raters
Ensures implementation of issues raised by the external auditor’s management letters;
External Audit completed within 3 months of the end of the financial year.
Draft audited accounts
Compliance (10%)
Consults with regulatory agencies for additional clarification on specific provisions of laws and regulations and/or discuss compliance findings with regulatory authorities.
Ensures compliance to established risk management framework, inclusive of policies, procedures, and controls, and consequently, ensures compliance with statutory and regulatory requirements;
Level of risk in key institutional areas
Performs any other duties that may be delegated by the Board Audit Committee
Qualifications, Skills and Experience:
The ideal candidate for the VisionFund Uganda (VFU) Internal Auditor job opportunity should hold a University degree in accountancy or business administration
Be a professional accountant (CPA/ACCA) with at least one year of audit experience.
Previous experience in microfinance is desired
Determined personality with initiative, perseverance and the ability to motivate and manage a team
Capability and willingness to take responsibility and highly developed sense of integrity
Ready to comply and live up to and in accordance with the organization
Highly proficient in Microsoft office applications
Proficient in Sun Accounts, eMerge, TMS or other relevant accounting software
The applicant must be a committed Christian, able to stand above denominational diversities.
Attend and participate in the leadership of daily devotions.
How to Apply:
All suitably qualified and interested candidates should send or hand deliver their applications, CVs, plus copies of their academic credentials and recommendations from 2 professional referees to the address below:
The Human Resource Manager,
VisionFund Uganda Ltd (VFU)
Plot 256, Makerere Kavule,
P.O. Box 24751, Kampala, Uganda.
Email to: info@visionfunduganda.co.ug
Deadline: 10th May 2017