Internal Audit Officer

Microloan Foundation (Malawi) Limited is a premier microfinance institution which provides financial services and training support to help women set up and manage sustainable businesses in their communities. We are currently seeking dynamic and energetic individuals to assist with driving the balanced growth of our portfolio of borrowing customers at various branches in the Northern, Central and Southern Regions of Malawi.

INTERNAL AUDIT OFFICER

KEY ROLES AND RESPONSIBILITIES

• Identify activities subject to audit coverage, evaluate their significance, and assess the degree of risk inherent in the activity in terms of cost, schedule and quality
• Evaluate risk management systems
• Assist in preparation of comprehensive audit plan covering all areas of activity based on assessed risks
• Support the development and maintenance of an internal audit program that provides for observation, monitoring, testing, and reporting on the status of Microloan’s adherence to its policies and procedures
• Timely completion of audit engagements, investigations and management-requested audits. Documenting working papers and reports using systematic approaches
• Provide audit reports that document audit work conducted, ensuring that reports are clear, concise, identify root causes with practical solutions, and ultimately provide value to management.
• Monitor and enforce compliance with internal control systems and regulatory requirements
• Assist in providing audit and risk assessment reports to management and the Board
• Improve audit and risk management activities and programmes based on previous audit work
• Manage audit and risk management activities in line with budgeted resources
• Enforce audit standards for improved performance
• Review and evaluate the resource control systems
• Investigate cases of fraud
• Conduct follow-up programs, and ultimately close all open audit issues leveraging the Audit Committee if necessary

QUALIFICATIONS AND EXPERIENCE

• A bachelor’s degree in either Accounting, Finance or related field
• Must be a member of IIA
• 3 – 5 years’ experience in auditing of microfinance or banking
• Ability to gather, analyse and evaluate facts.

PERSON SPECIFICATIONS

• Professionalism and positive attitude.
• Good communication skills
• Prescribes and believes in the Code of Ethics for Internal Auditors.
• An ability to work under minimum supervision.
• Knowledge of current professional auditing standards, procedures and reporting requirements
• Knowledge of operating systems and related risks and controls as well as audit techniques for computer applications.

METHOD OF APPLICATION

To express an interest in these roles, qualified candidates are required to submit an updated CV along with a brief cover letter detailing how they meet the above requirements to recruit@mlfafrica.org by 15 August 2025 with “title of the position” in the subject line. We thank all applicants in advance for their interest. However, only candidates shortlisted for an interview will be contacted.