Internal Auditor

JOB ANNOUNCEMENT

INDATWA SACCO RUSIZI is a saving and credit cooperative created through the consolidation of 18 Umurenge SACCOs operating in Rusizi District , in line with Rwanda’s SACCO reform agenda aimed at strengthening governance, capital adequacy, risk management, and service delivery. The consolidation complies with Law No. 057/2024 governing cooperatives and Law No. 072/2021 governing deposit-taking microfinance institutions, and aligns with BNR regulatory standards.
It is from that background that the Management of INDATWA SACCO RUSIZI informs the public that it is recruiting competent and qualified staff to fill the following positions:
S/N
Vacant Post
Number of Staff Required

Key Responsibilities & Requirements

1.
1
Under the supervision and guidance of the Senior Internal Auditor have:

• To work diligently on the assigned work on time and to produce results;

• To comply with the instructions of the employer or his/her representative;

• To comply with the laws, regulations and decisions of the Cooperative;

• To take good care of and manage the equipment assigned to him/her in his/her work;

• To be at work and to respect working days and hours;

• To maintain confidentiality of work;

• To provide basic identification documents before starting work;

• 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;