INGANJI SACCO RUBAVU is a Savings and Credit Cooperatives, located in Western Province, Rubavu District within 12 sectors across RUBAVU District. INGANJI SACCO RUBAVU established following the consolidation of 12 Umurenge Savings and Credit Cooperative (U-SACCO's). INGANJI SACCO RUBAVU is looking for qualified, competent, committed, proactive and self-motivated individual to occupy the following position.

The Internal Auditor at Inganji SACCO Rubavu plays a critical role in strengthening governance, risk management, and internal controls within the SACCO. The position ensures that operations, financial reporting, and compliance practices adhere to internal policies, applicable laws in Rwanda, and best financial practices. The Senior Internal Auditor reports to the Audit Committee of the Board (functionally) and administratively to the Managing Director.

Responsibilities or duties

Under the supervision and guidance of the Managing Director, the Senior Internal Auditor shall be responsible for performing the following duties and responsibilities:

• To follow the principles and rules governing the conduct of the Cooperative's business activities;
• To prepare a monthly, quarterly and annual audit plan based on activities that appear to be likely to cause damage or waste the Cooperative's assets;
• Ensure that internal audit guidelines and principles are properly followed to prevent errors or possible malpractices;
• Report any shortcomings in the daily operations of the department with a view to preventing theft, embezzlement and misuse of funds;
• Establish a table of issues identified by the audit, recommendations made by the audit and the methods for their implementation;
• Review whether the internal audit system is working properly, identifying strengths and areas for improvement, and providing recommendations for action;
• Review whether the accounting has been carried out in accordance with International Financial Reporting Standards (IFRS), the regulations of the Central Bank of Rwanda (BNR), and that the information contained is complete and reliable to assist in making informed decisions;
• Verify whether all activities of the Cooperative comply with applicable laws and regulations;
• Analyze the efficient and effective use of the Cooperative's resources to achieve its objectives;
• Monitor and analyze the causes of problems in order to determine methods and strategies to solve and prevent them;
• Maintain proper records and audit evidence;
• Conduct a special audit of the funds on hand and verify how these funds are used and authorized, to ensure that no errors are made;
• Verify that shares, deposits, loan payments, and interests are correctly recorded in the Cooperative's IT system and ensure that they are properly processed;
• Review whether loan files are completed as required by the loan policy, the loan disbursement and repayment procedures, and ensure that loan and interest payments are properly processed;
• Review and confirm that all outstanding debts have been recovered as planned;
• Prepare periodic reports on internal audits, showing whether the operating procedures and regulations are being followed;
• Review the bank statements and corresponding documents and verify that the Cooperative's assets are properly protected;
• Monitor the implementation of the resolutions of the meetings issued by the competent authorities;
• Provide advice on all irregularities and submit them to the relevant authority;
• Submit internal audit plans and reports to the supervisor;
• Supervise the work carried out by other employees;
• Supervise the implementation of the strategic& business plans, action plan and budget;
• Timely prevent and disclose any conflicts of interest or lack of segregation of duties;
• Perform other duties that are not contrary to the laws and regulations required by the supervisor, employer or superior body.

Qualifications or requirements

• Bachelor's degree in Accounting or Finance.
• Good strategic thinking, with risk and control consciousness.
• Applicants must be Rwandan by nationalilty.
• Applicants must be not more than 45 years of age at the time of application.
• High attention to detail and excellent analytical skills.
• Excellent communication skills
• Professionalism and integrity.
• Proven knowledge of auditing standards and procedures, laws, rules and regulations.
• Advanced computer skills on MS Office or Core Banking Software.

Experience needed

Three (3) years of experience in auditing, and a thorough understanding of Microfinance Banking and accounting practices.

Having a Professional Qualification in Accounting or auditing ( eg, CPA, ACCA, ) is an added Advantage

• To follow the principles and rules governing the conduct of the Cooperative's business activities;
• To prepare a monthly, quarterly and annual audit plan based on activities that appear to be likely to cause damage or waste the Cooperative's assets;
• Ensure that internal audit guidelines and principles are properly followed to prevent errors or possible malpractices;
• Report any shortcomings in the daily operations of the department with a view to preventing theft, embezzlement and misuse of funds;
• Establish a table of issues identified by the audit, recommendations made by the audit and the methods for their implementation;
• Review whether the internal audit system is working properly, identifying strengths and areas for improvement, and providing recommendations for action;
• Review whether the accounting has been carried out in accordance with International Financial Reporting Standards (IFRS), the regulations of the Central Bank of Rwanda (BNR), and that the information contained is complete and reliable to assist in making informed decisions;
• Verify whether all activities of the Cooperative comply with applicable laws and regulations;
• Analyze the efficient and effective use of the Cooperative's resources to achieve its objectives;
• Monitor and analyze the causes of problems in order to determine methods and strategies to solve and prevent them;
• Maintain proper records and audit evidence;
• Conduct a special audit of the funds on hand and verify how these funds are used and authorized, to ensure that no errors are made;
• Verify that shares, deposits, loan payments, and interests are correctly recorded in the Cooperative's IT system and ensure that they are properly processed;
• Review whether loan files are completed as required by the loan policy, the loan disbursement and repayment procedures, and ensure that loan and interest payments are properly processed;
• Review and confirm that all outstanding debts have been recovered as planned;
• Prepare periodic reports on internal audits, showing whether the operating procedures and regulations are being followed;
• Review the bank statements and corresponding documents and verify that the Cooperative's assets are properly protected;
• Monitor the implementation of the resolutions of the meetings issued by the competent authorities;
• Provide advice on all irregularities and submit them to the relevant authority;
• Submit internal audit plans and reports to the supervisor;
• Supervise the work carried out by other employees;
• Supervise the implementation of the strategic& business plans, action plan and budget;
• Timely prevent and disclose any conflicts of interest or lack of segregation of duties;
• Perform other duties that are not contrary to the laws and regulations required by the supervisor, employer or superior body.

• High attention to detail
• Excellent analytical skills
• Excellent communication skills
• Professionalism and integrity
• Proven knowledge of auditing standards and procedures, laws, rules and regulations
• Advanced computer skills on MS Office or Core Banking Software

• Bachelor's degree in Accounting or Finance
• Three (3) years of experience in auditing, and a thorough understanding of Microfinance Banking and accounting practices
• Good strategic thinking, with risk and control consciousness
• Professional Qualification in Accouting or auditing ( eg, CPA, ACCA, ) is an added Advantage
• Applicants must be Rwandan by nationalilty
• Applicants must be not more than 45 years of age at the time of application