SMEP Head of Internal Audit Job in Kenya

SMEP Deposit Taking Microfinance Limited, a Christian based MFI regulated by the Central Bank of Kenya, invites applications from interested and suitably qualified candidates to fill the positions of:

Head of Internal Audit

The holder of this position is to oversee and review the Company’s internal control systems and evaluate the level of compliance with set policies, regulations and procedures.

Duties and responsibilities

Reporting the Board and administratively with a dotted line to the CEO, the successful candidate will be expected to:
  • Develop and implement the policy, procedures and systems for the Department, including documentation and make recommendations, where necessary, to review operations, financial, accounting, procurement, HR and ICT manuals in order to ensure adherence to company policy, legislation, statutory, compliance and reporting requirements. 
  • Review the adequacy of internal systems and controls to ensure compliance with strategic and business plans including the adequacy and effectiveness of the Internal Audit control system. 
  • Assess the reliability and security of financial and management information and the systems and operations (in-house or outsourced) that produce such information. 
  • Prepare annual and periodic Internal Audit plans and programmes. 
  • Carry out audit transactions, processes, records, premises, assets etc. of the company on a regular basis and more specifically pay particular attention to financial accounting, loan processing, client management, portfolio management, loan tracking, procurement, human resource, statutory compliance and financial reporting processes both at the branch and head office level while analyzing reports from branches e.g. Kiwa appraisals, monthly returns etc and making briefs to the Chief Executive Officer. 
  • Carry out regular and surprise inspections of all processes, policies and procedures and ensure that they comply with all statutory requirements and best practice guidelines. 
  • Assess the means of safeguarding assets and ensure that Company assets are safeguarded and the liabilities and expenditure are controlled. 
  • Carry out ad hoc appraisals, investigations, or reviews based on audit findings or as requested by the Board and Management as recommended through both internal and external audits. 
  • Prepare internal audit and inspection reports and present them to the Board clearly indicating how these fit into the overall business/company strategy while ensuring the accuracy and reliability of the data and information reported. 
  • Keep abreast with latest developments in the Micro finance, Banking, Audit and Accounting fields with a view to enhancing the internal audit function as a key contributor to overall company strategy. 
  • Support the Finance Department in preparation of monthly and annual audits and finance reports by reviewing financial reports in preparation of external audits. 
  • Supervise staff in the Internal Audit department and participate in corporate governance processes 
  • Perform any other function as may be directed by management or the Board/Audit committee from time to time.
Qualifications and competencies  
  • Bachelors of Commerce degree in Accounting option, or Business Finance from a recognized university and a Masters Degree will be an added advantage 
  • Must be CPA (K) finalist or ACCA finalist Must be member of the Institute of Certified Public Accountants of Kenya (ICPAK) 
  • Be aged between 30-40 years 5 years, at least 2 years in senior Management level, applicants with experience in auditing banking and IT environments have a definite advantage 
  • Applicants must be committed Christians
How to Apply

Qualified and interested candidates who meet the above criteria should download the “Job Application Form” at, and send their filled applications to on or before Friday, 20th July, 2012. 
Only shortlisted candidates will be contacted.

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