Internal Control Officer at RavenPay Limited

Job Summary

• This role requires a detail-oriented and analytical professional with strong knowledge of internal controls and financial operations.
• The ideal candidate will ensure, on a daily basis, the integrity and accuracy of financial records through effective General Ledger (GL) reconciliation, monitor loan portfolio activities in line with approved credit policies, and enforce strict compliance with regulatory requirements and internal procedures.
• The role also requires continuous monitoring of transactions to identify risks and prevent fraud, while maintaining robust internal control systems that support operational efficiency and overall financial discipline.

Key Responsibilities

• Implement and monitor internal control systems across all departments
• Ensure adherence to policies, procedures, and microfinance regulations
• Identify control gaps and recommend corrective actions
• Perform daily GL reconciliation and balancing
• Investigate and resolve discrepancies between GL and subsidiary records
• Ensure accurate posting, proper classification, and documentation of transactions
• Prepare reconciliation reports and ensure timely correction of errors
• Review loan disbursements for compliance with approved credit policies
• Monitor loan performance and identify early default risks
• Ensure accurate posting of repayments and proper loan documentation
• Monitor adherence to lending limits and procedures
• Ensure compliance with applicable microfinance banking regulations
• Support regulatory examinations and internal/external audits
• Track and implement audit recommendations
• Monitor transactions for suspicious activities and investigate irregularities
• Recommend fraud prevention measures and control improvements
• Identify operational and financial risks and propose mitigation strategies
• Review cash handling, vault operations, and teller activities
• Conduct surprise checks and ensure proper segregation of duties
• Prepare periodic internal control and compliance reports
• Maintain accurate records of control activities and investigations
• Escalate material control breaches promptly.

Qualifications & Requirements

• Bachelor’s Degree in Accounting, Finance, Banking, or related field
• Certified Anti-Money Laundering Specialist (CAMS)
• Certified Information Systems Auditor (CISA)
• ICAN
• Professional certification (CIA) is an advantage.

Experience:

• 5–8 years experience in banking, finance, or microfinance
• Experience in internal control, audit, or financial reconciliation is highly desirable.

Key Skills & Competencies:

• Strong knowledge of microfinance/banking operations
• Expertise in GL reconciliation and financial controls
• Understanding of regulatory and compliance requirements
• Strong analytical, investigative, and problem-solving skills
• High attention to detail, integrity, and confidentiality