Victoria Finance Plc (VFP) is a leading microfinance company in Tanzania. Established in 2009 and started operation in 2010. The company is a regulated microfinance institution dedicated to providing microfinance services to low and middle-income earners, women, and youths in Tanzania. The company currently has seven branches and one insurance broking subsidiary company – Victoria Insurance Brokers Limited which was established in 2017. Victoria Finance has established branches in Dar es Salaam, Morogoro, Iringa Mbeya and Dodoma with ability to serve smallholder farmers in more than thirteen regions through its digital agriculture products – Kilimo Pesa.

The Company is inviting applications from qualified, experienced and result-oriented professionals to fill the position of Internal Auditor (1 post).

Position Details

The role of the Internal Auditor is to provide independent assurance that the Company’s risk management, governance, and internal control processes are operating effectively. It encompasses, but is not limited to, the examination and evaluation of the adequacy and effectiveness of Victoria Finance Plc’s governance, risk management, and internal controls as well as the quality of performance in carrying out assigned responsibilities to achieve the stated goals and objectives of Victoria Finance Plc.

Responsibilities or duties

• Preparation of Audit Plan and presentation to Senior Management and Board Audit and Risk Committee for review and approval.
• Evaluating risk exposure relating to the achievement of the organization’s strategic objectives.
• Evaluating the reliability and integrity of information and the means used to identify measure, classify, and report such information.
• Evaluating the systems established to ensure compliance with those policies, plans, procedures, laws, and regulations that could have a significant impact on the organization.
• Evaluating operations or programs to ascertain whether results are consistent with established objectives and goals and whether the operations or programs are being carried out as planned.
• Preparation and issuance of quarterly reports to the Board Audit and Risk Committee and where needed to the Board of Directors. The Internal Auditor must communicate management’s response and corrective action taken or to be taken regarding the specific findings and recommendations.

Qualifications or requirements

• Academic and professional qualifications in Auditing or Accounting and a holder of CPA/ACCA/CIA.
• Knowledge of Global Internal Audit Standards
• Good experience in financial management, control, planning, and administration

Experience needed

• Ten (10) years’ post-qualification experience in auditing, preferably in banking or microfinance institutions. Five should have been in a senior management role.

• Preparation of Audit Plan and presentation to Senior Management and Board Audit and Risk Committee for review and approval.
• Evaluating risk exposure relating to the achievement of the organization’s strategic objectives.
• Evaluating the reliability and integrity of information and the means used to identify measure, classify, and report such information.
• Evaluating the systems established to ensure compliance with those policies, plans, procedures, laws, and regulations that could have a significant impact on the organization.
• Evaluating operations or programs to ascertain whether results are consistent with established objectives and goals and whether the operations or programs are being carried out as planned.
• Preparation and issuance of quarterly reports to the Board Audit and Risk Committee and where needed to the Board of Directors. The Internal Auditor must communicate management’s response and corrective action taken or to be taken regarding the specific findings and recommendations.

• Knowledge of Global Internal Audit Standards
• Good experience in financial management, control, planning, and administration

• Academic and professional qualifications in Auditing or Accounting
• Holder of CPA/ACCA/CIA