Chief Internal Auditor

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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.

Terms of Employment: Permanent

Salary: As per the institution salary scale

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 coaches 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

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

Required Skills

• Oral and written communication
• Auditing skills
• Teamwork
• Report writing skill
• Organizational skill

How to Apply

Qualified candidates should submit their CV, cover letter, non-returnable copies of credentials and three professional references to: HR@kebronmfi.com

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