About Watu

At Watu Africa, we empower entrepreneurs. WATU is a mission-driven, customer-centric company that believes everyone who wishes to become an entrepreneur deserves an opportunity to start, grow and achieve their goals in life. As Africa’s fastest-growing asset finance company, we see the continent’s bright and prosperous future and want to be part of the team transforming it into reality. Our vision is to provide asset financing services for mobility assets (motorcycles and three-wheelers) and phones to ambitious individuals who believe that, when provided with the right tools, they can fulfil their dreams as entrepreneurs and prosper in life while supporting the needs of their families and community. We, therefore, have a commitment to empower entrepreneurs by providing the means needed to move and improve in their lives.

POSITION SUMMARY

Job Title Internal Auditor

Job Family/Function Internal Audit

Branch HQ

Country Uganda

Directly reports to Internal Audit Manager

Seniority level Mid-level

Job Objective (Purpose, Engagement and Delivery)

Purpose: To conduct audits of the organisation, prepare audit reports and highlight issues relating to governance, risk management and internal controls and recommending corrective actions to improve efficiency and reduce operational costs where possible

Engagement: To engage effectively with relevant company staff, fostering respectful relationships across Watu teams, customers and partners. This role will proactively recommend improvements and innovative ideas to improve business efficiency and adapt communication styles to suit different audiences

Delivery: To successfully complete assigned and planned audit engagements from start to finish, including planning, fieldwork, reporting and follow-up activities. This will involve implementing the board approved risk-based audit plan, ensuring operational effectiveness and financial reliability, identifying opportunities for risk aversion and cost savings and preparing reports that reflect audit results, contribute to operational efficiency and cost savings.

Key Responsibilities and duties

Audit engagement management: Successfully complete assigned and planned audit engagements from start to finish including planning, field work, reporting and follow up activities. This will involve implementing the board approved Risk based Audit Plan ensuring operational effectiveness and financial reliability, identifying opportunities for risk aversion and cost savings and preparing reports that reflect audit results, contribute to operational efficiency and cost savings.

Proactive control and loss identification: Proactively identify internal control issues for key risk processes in a timely manner to avert losses and recommend risk aversion measures and cost savings

Audit engagement execution: Provide high-quality, professional day-to-day execution of internal audit engagements and projects in line with firm risk management practices. Assist and support the internal audit team in all planned audits, which includes financial, operational, compliance and information technology audits

In depth testing and stakeholder interaction: Perform comprehensive audit procedures to verify the implementation and effectiveness of controls through detailed testing and effective interaction with relevant company staff

ERM Support: Provide support in organisation-wide risk management through assurance and proactive advisory services.

Process improvement and innovation contribution: Proactively recommend improvements and innovative ideas to increase business efficiency and contribute to initiatives focussed on continuous process improvement

Reporting and documentation: Track and manage reporting timelines and expectations. Document effective audit procedures and working papers. Prepare draft reports that clearly state the internal audit conclusions and recommendations that are backed by evidence and documented audit processes

Corrective action tracking: Track timely and effective corrective actions taken following audit recommendations

Audit material management: Maintain a backup (physical and electronic) of all internal audit materials for easy retrieval and reference. Monitor adherence to the document management process within the internal audit department.

Ad hoc responsibilities: Carry out other responsibilities as may be required by the Internal Audit Manager.

Adherence to professional standards set by Professional bodies such as the Institute of Internal Auditors - UG & Global, Institute of Certified Public Accountants of Uganda (ICPAU) and Watu Code of Conduct.

Knowledge, Skills and Qualifications:

Qualifications

Education level: Minimum of a Bachelors’ degree in Accounting or Finance-related field

Certifications: At least CPA intermediate candidate is desirable. CIA or CISA qualification will be a significant added advantage.

3 – 5 years working experience in an auditing working environment

Skills

Technical Skills:

• Risk assessment and Risk management
• Audit planning and execution
• Knowledge of Legal and Financial Systems, compliance and regulatory
• Internal controls evaluation
• Proficiency in Google Suite (spreadsheet, word, etc)

Behavioural Skills:

• Integrity and confidentiality
• Documentation and Record Keeping, Attention to Detail, Problem Solving, Written and Verbal Communication, Outstanding aptitude for maths.
• Professionalism skepticism, time management, and ability to work under pressure
• Critical thinking and Analytical skills
• Teamwork and collaboration

WHAT WE OFFER:

• Be a part of an international, dynamic and driven team that has set their aspirations high and work hard to achieve those
• Opportunities to learn and grow together with us
• Competitive compensation package
• Health benefits

Please be cautious, this vacancy does not require individuals to pay for job opportunities

• Successfully complete assigned and planned audit engagements from start to finish including planning, field work, reporting and follow up activities. This will involve implementing the board approved Risk based Audit Plan ensuring operational effectiveness and financial reliability, identifying opportunities for risk aversion and cost savings and preparing reports that reflect audit results, contribute to operational efficiency and cost savings.
• Proactively identify internal control issues for key risk processes in a timely manner to avert losses and recommend risk aversion measures and cost savings
• Provide high-quality, professional day-to-day execution of internal audit engagements and projects in line with firm risk management practices. Assist and support the internal audit team in all planned audits, which includes financial, operational, compliance and information technology audits
• Perform comprehensive audit procedures to verify the implementation and effectiveness of controls through detailed testing and effective interaction with relevant company staff
• Provide support in organisation-wide risk management through assurance and proactive advisory services.
• Proactively recommend improvements and innovative ideas to increase business efficiency and contribute to initiatives focussed on continuous process improvement
• Track and manage reporting timelines and expectations. Document effective audit procedures and working papers. Prepare draft reports that clearly state the internal audit conclusions and recommendations that are backed by evidence and documented audit processes
• Track timely and effective corrective actions taken following audit recommendations
• Maintain a backup (physical and electronic) of all internal audit materials for easy retrieval and reference. Monitor adherence to the document management process within the internal audit department.
• Carry out other responsibilities as may be required by the Internal Audit Manager.
• Adherence to professional standards set by Professional bodies such as the Institute of Internal Auditors - UG & Global, Institute of Certified Public Accountants of Uganda (ICPAU) and Watu Code of Conduct.

• Risk assessment and Risk management
• Audit planning and execution
• Knowledge of Legal and Financial Systems, compliance and regulatory
• Internal controls evaluation
• Proficiency in Google Suite (spreadsheet, word, etc)
• Integrity and confidentiality
• Documentation and Record Keeping, Attention to Detail, Problem Solving, Written and Verbal Communication, Outstanding aptitude for maths.
• Professionalism skepticism, time management, and ability to work under pressure
• Critical thinking and Analytical skills
• Teamwork and collaboration

• Minimum of a Bachelors’ degree in Accounting or Finance-related field
• At least CPA intermediate candidate is desirable. CIA or CISA qualification will be a significant added advantage.