Responsibilities
Audit Planning and Execution
Develop audit plans to assess the effectiveness of microcredit operations, including loan origination, credit assessment, and loan servicing.
Conduct risk assessments to identify potential risks to the microcredit organization, including credit risk, liquidity risk, and operational risk.
Execute audit procedures to evaluate the accuracy and completeness of microcredit transactions, including loan disbursements and repayments.
Evaluate internal controls to ensure compliance with microcredit regulations and industry standards.
Financial Audits
Review financial statements to ensure accuracy and completeness, including balance sheets, income statements, and cash flow statements.
Verify microcredit transactions, including loan disbursements, repayments and receipts issued to ensure accuracy and compliance.
Evaluate accounting policies and procedures to ensure compliance with relevant laws and regulations, including microcredit accounting standards.
Identify financial risks, including credit risk, liquidity risk, and market risk, and provide recommendations for mitigation.
Operational Audits
Evaluate microcredit operations, including loan origination, credit assessment, and loan servicing, to ensure efficiency and effectiveness.
Review operational controls, including authorization, approval, and monitoring processes, to ensure compliance with microcredit regulations and industry standards.
Identify operational risks, including fraud, error, and inefficiency, and provide recommendations for mitigation.
Recommend process improvements to enhance the efficiency and Evaluate microcredit operations, including loan origination, credit assessment, and loan servicing, to ensure efficiency and effectiveness of microcredit operations.
Compliance Audits
Review regulatory requirements, including microcredit laws and regulations, to ensure compliance.
Evaluate compliance controls, including policies, procedures, and training programs, to ensure compliance with microcredit regulations and industry standards.
Identify compliance risks, including regulatory non-compliance and reputational risk, and provide recommendations for mitigation.
Recommend compliance improvements to enhance the microcredit organization's compliance with regulatory requirements.
Reporting and Follow-up
Prepare audit reports to present findings, recommendations, and action plans to management and the board of directors.
Present audit findings and recommendations to management and the board of directors.
Monitor the implementation of audit recommendations and report on progress.
Follow up on audit findings to ensure that agreed-upon actions have been implemented and are effective.
Education Required: Bachelor’s Degree
59 Okodan St, Blue Gate district, Osu, Accra near Papaye, Accra
59 Okodan St, Blue Gate district, Osu, Accra near Papaye, Accra