Sakchyam Access to Finance

Challenge Fund-Internal Auditor

Sakchyam Access to Finance

Challenge Fund-Internal Auditor

The Sakchyam Access to Finance Programme is an initiative funded by UKaid as part of a bilateral agreement between the Governments of Nepal and the UK. It is implemented by Louis Berger for the Department for International Development (DFID Nepal) in partnership with international and local institutions. This is a 6-year Programme (2014-2020) that works with the public and private sectors to leverage access and facilitate financial sector development in Nepal for Small and Medium Enterprises (SMEs) as well as poor people with an emphasis on the Mid- and Far-Western Regions.

We are looking for an internal auditor to evaluate grantee claims and ensure that they adhere to our challenge fund processes and procedures by bringing a systematic and disciplined approach to the effectiveness of risk management, control, and governance processes. The successful candidate will have minimum of two years’ experience and knowledge of internal auditing and accounting procedures; and, be able to demonstrate sound judgement.

The Sakchyam Access to Finance Programme is an initiative funded by UKaid as part of a bilateral agreement between the Governments of Nepal and the UK. It is implemented by Louis Berger for the Department for International Development (DFID Nepal) in partnership with international and local institutions. This is a 6-year Programme (2014-2020) that works with the public and private sectors to leverage access …

Challenge Fund-Internal Auditor

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Key Responsibilities

  • Perform full audit cycle including risk management and control management over Sakchyam Challenge Fund grantees’ effectiveness, check financial reliability and compliance of Sakchyam grantee returns to all applicable directives and regulations
  • Work with Challenge Fund Manager to develop the scope of the internal audit and develop quarterly and annual internal audit plans
  • Assess the progress made by the grantees to comply with the approval conditions/ remarks given and where necessary suggest the technical interventions needed from the side of grantees as well as Sakchyam.
  • Obtain from grantees accounting documentation for analysis and evaluation; this may involve random audit checks at grantee premises/branches
  • Prepare and present reports on each grantee that reflect audit’s results and ensure all processes are documented; creating an effective audit trail
  • Give independent advice and objectivity to ensure validity of claims
  • Identify loopholes in the audit process and recommend risk aversion measures; as well as cost savings to maintain value for money
  • Maintain open communication with Challenge Fund management and LBG home office staff
  • Document the process and prepare memorandum on audit findings 
  • Conduct follow up audits to monitor recommended interventions with grantees
  • Conduct QA checks on the MIS and grantees’ reporting systems for the programme funded by Sakchyam.
  • Maintain MIS for Challenge Fund and support Challenge Fund manager in the compliance of Challenge Fund and management of contractual relationship with grantees.  

Job Specification

  • The successful candidate would be undergoing a professional accounting course like CA and ACCA or other recognised auditing qualification, or  have completed Advanced Certificate/Bachelor’s degree in accounting, financial management or similar
  • Nepali Citizen, fluent in English
  • Working experience as Internal Auditor for donor funded programmes or large scale private sector entities
  • Have a keen interest in international development
  • Be computer literate and have skills in MS Office, accounting software and databases
  • Have the ability to compile detailed reports in good English
  • Proven knowledge of auditing standards and procedures, laws, rules and regulations in Nepal, an understanding of donor requirements would be an added advantage
  • High attention to detail and excellent analytical skills
  • Sound independent judgement
  • Be able to travel to difficult, remote regions of Nepal

Package

  • Attractive remuneration package, commensurate to experience and qualifications will be offered to the right candidate. 

Applying Procedure

Interested candidates should submit their curriculum vitae with a cover letter stating the motivation for applying, salary expectation and a copy of their Nepalese citizenship certificate to [email protected]. Female candidates are encouraged to apply. The deadline for receipt of applications is 5:00 PM Nepal time, December 20, 2019.

The subject should clearly mention: “Application for Challenge Fund-Internal Auditor

Only successful applicants will be contacted for an interview.

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