About this opportunity
Geoland Credit Limited (GCL) operates within a
specialized hybrid financial model. While our front-end interfaces
leverage automated credit engines, online portals, and programmatic
underwriting routines, our daily workflows involve essential manual general
ledger inputs, physical collateral verifications, and structured multi-partner
asset management programs.
To protect the institution from operational drift,
financial leakage, and regulatory non-compliance, we are seeking an
exceptionally seasoned, highly self-driven Internal Auditor & Financial Compliance
Officer.
The primary mandate of this role is to serve as the
ultimate guardian of institutional discipline by evaluating, testing, and
enforcing absolute adherence to GCL’s internal corporate policies and
Standard Operating Procedures (SOPs). The successful candidate will
systematically audit the performance of internal staff, field collection teams,
and system automations against established company policies.
This comprehensive mandate
balances digital system integrity auditing with rigorous manual
financial auditing to verify balance sheet correctness, ensure manual entry
accuracy, and systematically track portfolio recovery targets.
Requirements and responsibilities
CORE DUTIES & RESPONSIBILITIES
A. Internal Policy & Standard Operating
Procedure (SOP) Enforceability
i) Credit Underwriting SOP Compliance:
Conduct regular post-facto sampling audits on approved credit facilities to
ensure strict adherence to the Credit Policy and Delegation of
Authority (DoA) Matrix. Verify that
approval chains have executed strictly within assigned institutional
bounds.
ii) Agent Network Policy Enforcement: Audit
independent agent accounts to verify exact alignment with the Business
Expansion Policy. Ensure that commissions are paid strictly on the
performance-linked matrix
iii) Programmatic Risk Cap Audit: Verify that
the system’s rolling background worker is correctly executing the 12% Agent
Portfolio NPL Risk Cap SOP, ensuring that agents whose assigned customer
books exceed a 30-day default limit are programmatically locked out of portal
onboarding privileges.
iv) Onboarding & KYC SOP Verification:
Review portal user logs to guarantee compliance with Onboarding and KYC
Guidelines.
v) HR, Payroll & Expenditure SOPs: Audit
the application of the corporate HR and Payroll Policy to ensure proper
regularization of employment baselines, accurate salary disbursements, and
compliance with statutory deductions (KRA, NSSF, and national health/social
insurance frameworks).
B. Balance Sheet Correctness & Financial Ledger Auditing
i) General Ledger & Trial Balance
Verification: Conduct regular, independent substantive testing of general
ledger entries to verify the correctness, completeness, and accuracy of company
assets, liabilities, equity, and operational expense tracking.
ii) External-Internal Account Reconciliations:
Perform post-facto reconciliations matching active system loan portfolios
against external cash clearing summaries within the company’s primary corporate
account channels at the partner bank.
iii) Revenue Streams & Wallet Auditing:
Systematically audit internal transactional wallets and non-funded income
repositories to ensure platform processing fees and tiered withdrawal tariffs
are calculated and routed to profit centers without ledger variance.
iv) Liability & Funding Controls: Monitor
capital inflows routed through the private funding portal. Verify that all
inbound investor placements are strictly processed and classified as private
promissory debt note liabilities to maintain absolute compliance with national
legislation banning unauthorized public deposit-taking.
v) Statutory Expense Integrity:
Cross-examine corporate expenditures against the national tax authority's
public electronic invoice management registries. Review the correctness of all
statutory tax obligations and withholding tax deductions.
C. Portfolio Recovery Targets & Delinquency Auditing
i) High-Risk NPL Book Auditing: Conduct
comprehensive structural audits of the company’s non-performing book,
maintaining absolute oversight over a core segment of high-risk accounts
facing extended default periods of 180+ days.
ii) Recovery Target Variance Analysis:
Independently evaluate performance indicators across localized loan recovery
officers against their designated collection targets within active financial
cycles. Track and investigate portfolio shortfalls.
iii) Individual Desk Tracking: Audit
performance logs against specific allocated collection target metrics mapped to
recovery officer desks, evaluating itemized achievement baselines across
individual target allocations.
iv) In Duplum Regulation Controls: Perform
itemized interest math verifications on overdue balances to guarantee strict
compliance with national banking In Duplum regulations. Confirm that
automated background workers successfully freeze interest accumulation once
non-performing account arrears match the principal amount outstanding at
default.
v) Credit Reference Bureau (CRB) SOP Auditing:
Audit backend data reporting workflows and webhook integration strings. Ensure
borrower default summaries are accurately compiled and transmitted to licensed
credit registries in standard bi-weekly packages verifying that explicit
digital consumer data sharing consents are securely preserved in the logs.
vi) Legal Executions & Write-Off Batch
Audits: Verify all bad-debt write-off batches to confirm no potentially
collectible assets are prematurely written off. Audit active court judgment
executions, warrants of attachment, and asset repossession tracking files
against general ledger provisions.
D. Manual Transaction Oversight & Operational Controls
i) Manual Entry Exception Mapping: Audit
manual overrides and entries executed across core banking files by internal
operators. Prevent unauthorized out-of-office insider activity by tracking
platform entry logs against hardware MAC addresses and cellular localization
data.
ii) Cost of Credit & Fee Disclosures:
Audit accounts post-disbursement to guarantee the exact programmatic
deduction from the principal balance,
ensuring total transparency compliance.
iii) Hybrid Execution Controls: Sample hybrid and physical loan portfolios to ensure that required legal identifiers, physical signatures, and High Court Advocate witness validation stamps are perfectly executed before high-value collateralized funding cycles run.
3. REQUIRED EXPERIENCE, TECHNICAL SKILLSET & QUALIFICATIONS
This is a position designed for an experienced
professional capable of establishing rigorous internal auditing plans with high
levels of self-drive:
Experience Profile (Highly Prioritized)
i) Years of Active Experience: Minimum of 3
years of progressive accounting, financial compliance, and operational
auditing experience.
ii) Fintech/Banking Sector Focus: At least 2 years in a senior internal audit or
compliance role within a licensed Digital Credit Provider (DCP), Microfinance
Bank (MFB), or commercial banking institution in Kenya.
iii) Policy Auditing Expertise: Proven track
record of auditing institutional adherence to corporate SOPs, operational
workflows, and risk policies within dynamic digital or hybrid financial models.
iv) Balance Sheet Validation: Demonstrated
capability to independently verify balance sheet correctness, cross-analyze
trial balances, and detect subtle transactional leakages.
Technical & Regulatory Competencies
Deep operational familiarity with Core Banking Systems (CBS) paired with the technical capability to navigate read-only database tracking consoles is added advantage.
Self-Drive & Character Requirements
i) Proactive Risk Architecture Mapping: Must
possess the absolute self-drive to construct, maintain, and execute the annual
internal audit plan from the ground up, requiring zero routine supervision from
management.
ii) Uncompromising Professional Courage: Must
demonstrate absolute professional objectivity and independence.
Academic & Professional Credentials
i) Bachelor’s Degree in Accounting, Finance,
Economics, Information Technology, or a related field.
ii) Fully qualified Certified Public Accountant (CPA)
iii) Professional systems auditing designations Certified Internal Auditor (CIA)—are highly preferred given GCL's extensive digital logging frameworks is added advantage