Internal Controls Officer at Agora Micro Finance Zambia

Agora Microfinance Zambia Limited (AMZ) is a licensed microfinance lending company that currently operates in the Western, Copperbelt, Muchinga, Lusaka and Central provinces of the country. The mission of AMZ is to ‘Contribute to the economic well-being of the poor through effective provision of appropriate financial services.’

Job Overview

To assist in the provision of independent and objective inspections and to ensure that external regulations, internal policies, procedures and best practices within the organization are adhered to by all.

Responsibilities

• To conduct inspections of Branches and Head Office functions according to set plan and schedules and submit reports to the Internal Controls Manager.
• Inspect business operations and financial transactions and ensure that all accounts are booked in accordance with the approved system of account and point out transaction that are not within its powers or are contrary to the banking regulations and organization policies and procedures for the attention of the Internal Controls Manager.
• Conduct Head Office and Branch audit to ensure that all company system policies and procedures are being complied with and make recommendations.
• Confirm account balance with clients by investigating accounts with material difference in balance.
• Perform proper incident analysis and ensure that all open findings/agreed action plans from previous inspections and audit exceptions are timely closed with zero repeat findings.
• To assist other departments in developing risk registers and monitoring risks.
• To carry out investigations into allegations of fraud within the organization.
• Review loan application and appraisal reports, loan approval, cash flow analysis and loan utilization reports.
• Verify agreement in amount of loan approved with actual disbursed.
• Reconcile Head Office account with branch account specifically cash in vault.
• Reconcile advances/transfers to and from Head Office account and inter branch transfer from vault to depository bank.
• To provide training and support to staff within the organization.
• Carry out any other duties that may be assigned by supervisor.

MINIMUM QUALIFICATION AND EXPERIENCE

• First Degree, ACCA/CIMA/ZiCA Level II or equivalent.
• Two years’ work experience in an audit firm or financial institution.
• Average knowledge of the operational environment, appreciates and exhibit audit ethics.
• General knowledge of the banking and microfinance work environment
• Knowledge of policy and procedure within the job environment

SKILLS

• Good inter-personal and communication skills.
• Analytical, organizational and leadership skills.
• Good report writing and oral presentation skills.

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