Internal Auditor

VACANCY ANNOUNCEMENT

MPHUNZITSI SAVINGS & CREDIT COOPERATIVE SOCIETY LTD

POSITION: INTERNAL AUDITOR

Mphunzitsi SACCO, a leading and fast-growing member-owned financial cooperative in Malawi, invites applications from suitably qualified, proactive, and ethical professionals for the position of Internal Auditor. We are seeking an individual committed to excellence, integrity, and the strengthening of governance within a dynamic and expanding organization.

About Mphunzitsi SACCO:
Established in 1991 and formally registered in 1998, Mphunzitsi SACCO is regulated by the Reserve Bank of Malawi and is a proud affiliate of the Malawi Union of Savings and Credit Cooperatives (MUSCCO). Our mission is to provide affordable, innovative, and convenient financial services for the socio-economic well-being of our members. With a robust asset base of MWK 7.07 billion, a membership of over 15,807, and a network of 12 branches and 11 satellite offices across Malawi (as of December 2025), we are dedicated to realizing the dreams of our members through professional and member-focused service.

Core Values We Uphold:
Professionalism, Integrity, Transparency, Accountability, Teamwork, Innovation, Empathy, Effective Communication, Inclusiveness, and Dedication to Service.

Job Purpose:
To provide independent, objective assurance and consulting services designed to add value and improve the SACCO’s operations. The Internal Auditor ensures strict adherence to policies, procedures, and Malawian regulatory frameworks through comprehensive, risk-based audits.

Key Responsibilities:

• Develop, execute, and report on a comprehensive risk-based annual internal audit plan.
• Conduct thorough audits of all departments, branches, and satellites to ensure operational efficiency, financial accuracy, and regulatory compliance.
• Ensure full financial accountability for all audit-related funds and advances.
• Prepare detailed, evidence-based audit reports, highlighting findings, risks, and actionable recommendations using the 5 C’s framework (Criteria, Condition, Cause, Consequence, Corrective Action).
• Monitor and report on compliance with the Financial Services Act, Co-operatives Act, RBM Directives, Tax Laws, and other statutory requirements.
• Track the implementation of prior audit recommendations and regulatory findings.
• Provide advisory support on new systems, policies, and controls.
• Uphold the highest standards of professional conduct, independence, and confidentiality.

Qualifications and Experience:

• Bachelor’s degree in Accounting, Finance, Auditing, Business Administration, or a related field.
• Mandatory professional certification: CPA, ACCA, CIA, or CISA. Membership in a recognized professional body (e.g., IIA) is required.
• Minimum of 5–7 years of progressive experience in internal or external auditing, with at least 3 years in a financial institution, SACCO, or banking environment in Malawi.
• In-depth knowledge of International Auditing Standards, RBM regulatory framework, IFRS, and SACCO operations.
• Exceptional analytical, investigative, and report-writing skills.
• High proficiency in audit software, CAATs, MS Office, and core banking systems.
• Unquestionable integrity, objectivity, and the ability to handle sensitive information.
• Strong interpersonal and communication skills, with the ability to interact professionally with the Board, Management, and regulators.
• Willingness to undertake extensive travel to branches and satellite offices.

Application Process:
Interested candidates should submit their application with a detailed Curriculum Vitae, copies of relevant academic and professional certificates, and names of three traceable referees to:

The Chief Executive Officer
Mphunzitsi Savings and Credit Cooperative Society Ltd
P.O. Box 175
Thyolo

Email: hr@mphunzitsisacco.mw
Copy: vacancy@mphunzitsisacco.mw

Deadline for Submission: 25th January, 2025

Only shortlisted candidates will be contacted.

Mphunzitsi SACCO is an equal-opportunity employer and values diversity.