Chief Internal Auditor

Position: Chief Internal Auditor

Place of Work: Head Offices, Addis Ababa

About the Organization:

Kebronhill Microfinance Institution S.C. (KHMFI) pioneers accessible financial services, merging vision with action. Licensed by the National Bank of Ethiopia (MFI/071/2024) under Proclamation No. 626/2009, we champion community upliftment by blending profitability with social impact. Committed to regulatory integrity, we welcome Ethiopians, foreign nationals of Ethiopian origin, and organizations to join our journey. With a focus on innovation and inclusivity, KHMFI leads microfinance excellence, empowering individuals for a brighter future. Join our transformative vision and help shape a better tomorrow with us.

SPECIFIC DUTIES AND RESPONSIBILITIES

• Plans, organizes, and coordinates all audit and inspection activities across the Company.
• Prepares annual internal audit plans, work schedules, and budget.
• Identifies high-risk financial, procurement, and operational areas to prioritize audit focus.
• Designs appropriate audit methodologies, including sampling techniques and coverage scope.
• Conducts comprehensive audits in financial, operational, procurement and administrative areas.
• Ensures all audits are performed professionally and in accordance with Internationally Accepted Auditing Standards (IAAS).
• Carries out periodic reviews to ensure compliance with policies, procedures and statutory requirements.
• Performs monthly and annual evaluations to verify adherence to internal systems and standards.
• Evaluates the soundness and effectiveness of internal controls, accounting systems, and administrative processes.
• Ensures the Company’s electronic systems are reliable, accurate, and efficient.
• Reviews and advises on control aspects of new policies, systems, and procedures.
• Assesses internal practices to identify risks, control gaps, cost-saving opportunities, and revenue enhancement areas.
• Verifies the existence of assets and ensures they are properly safeguarded and ensures efficient utilization and protection of all Company resources against loss, theft, and misuse.
• Closely monitors credit administration, especially debt collections and follow-up actions on uncollected balances.
• Ensures activities are free of corruption, favoritism, and malpractice.
• Reviews, compiles, and interprets audit reports from Branch operations.
• Reports findings to the Board of Directors and CEO, with clear recommendations for corrective action.
• Monitors implementation of audit recommendations and reports deviations.
• Advises management on irregularities and supports corrective action implementation.
• Supervises, supports, and coach auditors at Head Office and Branch levels.
• Leads performance management processes: planning, monitoring, and appraising audit staff.
• Conducts training for internal auditors and relevant staff to enhance audit capabilities.
• Reviews and updates audit procedures and ensures consistent application throughout the organization.
• Reviews HR decisions (recruitment, promotion, transfer, termination) for compliance with Company policies.
• Verifies the adequacy and fairness of HR processes during audits.
• Conducts special audit assignments given by the CEO and/or the BOD;
• Carries out ad hoc investigation audits when required by the CEO and BOD;
• Performs other related activities as instructed by the BOD and CEO.

Terms of Employment: Permanent

Salary: As per the Institution salary scale

EDUCATION, EXPERIENCE AND SKILL

• MBA/MSc/MA & BA Degree in Accounting, Finance or related field
• A minimum of 6/8 years work experience, out of which 4 years in banking or Microfinance business and 2 years shall be in a managerial position.

TECHNICAL AND OTHER SKILLS

• Strong organizational skills and ability to coach staff in prioritizing workload whilst maintaining a high standard of work;
• Demonstrated technical and managerial ability, sound judgment, ability to work effectively with others at all levels;
• Effective communication skills;
• Computer skills.