Background

Icyerekezo SACCO Nyarugenge (ISN) is a Savings and Credit Cooperative established following the consolidation of ten (10) Umurenge SACCOs operating within Nyarugenge District, in accordance with the Government of Rwanda SACCO consolidation framework. ISN is duly registered under RCA Certificate No. RGDG012866 and licensed by the National Bank of Rwanda (BNR).

In accordance with Law N° 072/2021 of 05/11/2021 governing Deposit-Taking Microfinance Institutions, ISN is authorized to carry out microfinance activities in the Republic of Rwanda.

To achieve its mission and strengthen institutional governance, ISN is seeking to recruit internally and externally one (1) competent, committed, professional, and self-motivated Internal Auditor to join the institution.

Main Responsibilities

Under the supervision and guidance of the Head of Internal Audit & Compliance, the Internal Auditor will:

• Work diligently on assigned tasks and deliver results on time.
• Comply with instructions of the employer, applicable laws, regulations, and cooperative policies.
• Manage and safeguard assigned work equipment.
• Respect working hours and maintain confidentiality.
• Follow principles and rules governing cooperative business conduct.
• Prepare monthly, quarterly, and annual audit plans targeting areas that may cause losses or misuse of assets.
• Ensure internal audit guidelines are followed to prevent errors, fraud, and malpractice.
• Report operational shortcomings to prevent theft, embezzlement, or misuse of funds.
• Establish audit issue tracking tables, recommendations, and implementation follow-up mechanisms.
• Review internal audit systems for efficiency, identify strengths and weaknesses, and recommend corrective actions.
• Verify compliance with IFRS, BNR regulations, and the completeness and reliability of accounting information.
• Ensure all cooperative activities comply with applicable laws and regulations.
• Analyze the efficient and effective use of resources in achieving institutional objectives.
• Monitor operational problems, determine solutions, and develop preventive strategies.
• Maintain proper audit records and supporting evidence.
• Conduct special audits of funds and verify proper authorization and utilization.
• Verify accurate recording of shares, deposits, loan repayments, and interest in the IT system.
• Review completeness of loan files and ensure proper loan disbursement and repayment processing.
• Confirm that all outstanding debts are recovered according to approved plans.
• Prepare periodic internal audit reports on compliance with procedures, policies, and regulations.
• Review bank statements and verify proper safeguarding of assets.
• Monitor implementation of resolutions made by competent authorities.
• Advise relevant authorities on identified irregularities and risk areas.
• Submit audit plans and audit reports to supervisors on time.
• Supervise implementation of strategic plans, business plans, action plans, and budgets where applicable.
• Timely identify and disclose conflicts of interest and weaknesses in segregation of duties.
• Perform any other duties assigned by supervisors or senior authorities in accordance with laws and regulations.

Minimum Requirements

Applicants must meet the following minimum requirements:

• Bachelor’s degree in Accounting, Finance or Auditing.
• At least three (3) years of relevant experience in auditing, with a thorough understanding of microfinance banking operations and accounting practices.
• CPA qualification or advanced-level certification (ICPAR, KASNEB, or equivalent) is mandatory.
• Professional qualification or certification in auditing is an added advantage.
• Good strategic thinking skills, with strong risk and control consciousness.
• Strong analytical skills and high attention to detail.
• Excellent communication skills.
• Demonstrated professionalism and integrity.
• Proven knowledge of auditing standards and procedures, applicable laws, rules, regulations, and regulatory requirements.
• Advanced computer skills, including MS Office applications and Core Banking Software.
• Relevant work experience must be supported by certificates of service rendered or previous employment certificates.
• The applicant must be not more than forty (40) years of age at the time of application.

• Work diligently on assigned tasks and deliver results on time.
• Comply with instructions of the employer, applicable laws, regulations, and cooperative policies.
• Manage and safeguard assigned work equipment.
• Respect working hours and maintain confidentiality.
• Follow principles and rules governing cooperative business conduct.
• Prepare monthly, quarterly, and annual audit plans targeting areas that may cause losses or misuse of assets.
• Ensure internal audit guidelines are followed to prevent errors, fraud, and malpractice.
• Report operational shortcomings to prevent theft, embezzlement, or misuse of funds.
• Establish audit issue tracking tables, recommendations, and implementation follow-up mechanisms.
• Review internal audit systems for efficiency, identify strengths and weaknesses, and recommend corrective actions.
• Verify compliance with IFRS, BNR regulations, and the completeness and reliability of accounting information.
• Ensure all cooperative activities comply with applicable laws and regulations.
• Analyze the efficient and effective use of resources in achieving institutional objectives.
• Monitor operational problems, determine solutions, and develop preventive strategies.
• Maintain proper audit records and supporting evidence.
• Conduct special audits of funds and verify proper authorization and utilization.
• Verify accurate recording of shares, deposits, loan repayments, and interest in the IT system.
• Review completeness of loan files and ensure proper loan disbursement and repayment processing.
• Confirm that all outstanding debts are recovered according to approved plans.
• Prepare periodic internal audit reports on compliance with procedures, policies, and regulations.
• Review bank statements and verify proper safeguarding of assets.
• Monitor implementation of resolutions made by competent authorities.
• Advise relevant authorities on identified irregularities and risk areas.
• Submit audit plans and audit reports to supervisors on time.
• Supervise implementation of strategic plans, business plans, action plans, and budgets where applicable.
• Timely identify and disclose conflicts of interest and weaknesses in segregation of duties.
• Perform any other duties assigned by supervisors or senior authorities in accordance with laws and regulations.

• Good strategic thinking skills
• Strong risk and control consciousness
• Strong analytical skills
• High attention to detail
• Excellent communication skills
• Demonstrated professionalism and integrity
• Proven knowledge of auditing standards and procedures, applicable laws, rules, regulations, and regulatory requirements
• Advanced computer skills, including MS Office applications and Core Banking Software

• Bachelor’s degree in Accounting, Finance or Auditing.
• CPA qualification or advanced-level certification (ICPAR, KASNEB, or equivalent) is mandatory.
• Professional qualification or certification in auditing is an added advantage.