Summary
Date Posted: Friday, March 04, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Position: Internal Auditor x1
Microloan Foundation Zambia is a Micro finance Institution with operations in the Northem. Southem and Eastem parts of Zambia. Its target clientele ore Smal Entrepreneurs, mainly women who are in the rural areas with limited access to financial services Services provided include group loans, financial literacy training and savings facilitation.
Job Summary
To ensure that operations, processes & transactions of MLF Zambia conform to acceptable international standards & principles, financial regulations, internal policies/procedures and laws and regulations. Provide assurance services to Management and the Board through the examination and evaluation of the adequacy and effectiveness of MLF’s systems of risk management, internal control and governances
The incumbent will directly report to the Audit Committee of the Board of Directors on technical matters and administratively to the CEO.

Key Deliverables:
1. Controls and Business Partnering
• Propose collaboratively with executive management, counter-measures to identify control gaps or ineffective controls identified.
• Test the effectiveness of internal controls, evaluate internal controls, and advise management on improvement and strengthening of internal controls using acceptable tools.
• Follow up and report on status of Management action plans and countermeasures to significant issues and internal control deficiencies identified
• Act as an Internal Control representative on ad hoc business projects as required
• Provide external benchmarking insights to MLF’s control environment
• Propose elimination of redundant or non-value add controls
• Assist executive management in designing control improvements as a result of root causes identified in fraud investigations.
• To conduct and report investigative assignments to management and the Board
• To conduct follow up audits to monitor management’s interventions on the progress of issues raised and ensuring that issues ore timely and effectively closed.

2. Compliance
• Conduct compliance assessments and escalate issues relating to noncompliance to the Executive management and the Audit committee.
• To review compliance using internal organisational policies and standards through conducting internal audits.
• To review reliability and integrity of information through conducting a qualitative assessment of existing documentation.
• To evaluate the means of safeguarding. verifying and accounting for assets.

3. Risk Management
• give assurance on the risk management process;
• give assurance that risks are correctly evaluated
• evaluate risk management processes
• evaluate the reporting of key risks and
• review the management of key risks.
• Recommend ways to control or reduce risk
• Develop or implement risk assessment models or methodologies

4. Reporting
To report findings, conclusions, and recommendations to the Audit Committee, and the Executive Management,

5. Annual Work Plans
To develop and implement a comprehensive annual audit plan covering all organizational undertakings.
Ensure that quarterly planning meetings with administrative supervisor are done in a timely manner.

Behavioral Competencies Required:
High integrity, good communication skills, Problem solving, Results Focus, Team Focus, Decision Making.

Minimum Requirements:
• A recognized professional accountancy qualification e.g CA Zambia, ACCA,CIMA or equivalent
• Degree in Accounting or its equivalent.
• Must have a full grade 12 certificate with credits and above in mathematics and English
• Member of ZICA is a MUST
• Membership of the llA is an added advantage
• Minimum 3 years hands on experience in Internal Auditing.

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
Suitably qualified candidates should send their applications comprising cover letter and updated CV to hr.zambia@mlfafrica.org  no later than 11th March 2022. The position applied for must be clearly indicated in the subject line of the email

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