Jobs in Tanzania

Internal Audit Associate Job Vacancy at Watu Credit (Tanzania) Limited

WATU Credit Africa
Jobs in Tanzania 2023: Job Vacancies at WATU Credit Africa – Tanzania, 2023

WATU Credit Africa Jobs  2023

Internal Audit Associate
Internal Audit Associate at Watu Credit (Tanzania) Limited August, 2023

  • Dar Es Salaam, Tanzania, United Republic of
  • Full Time
  • Experienced

About Watu
Watu Credit (Tanzania) Limited is one of the leading asset financing companies in Tanzania and East Africa, providing motorcycle loans to thousands of aspiring business owners every day.

Watu TZ commenced operations in June 2021 starting with one branch at Mwenge area with the clear vision to be the best-in-class provider for asset-financed loans for small scale entrepreneurs. Later, the company made a business decision to diversify its products in asset finance from motorcycles (Boda-boda) loans to three-wheelers (Tuktuk) and mobile phones (Simu) loans.

Today in Tanzania, Watu has 5 branches in Mwenge, Tegeta, Mwanza, Temeke and Gongo la Mboto. In Africa, Watu has footprints in Kenya (Group), Uganda, Tanzania, DRC, Rwanda, Sierra Leone and Nigeria.

Our business is growing rapidly, and with more than 20,000 customers in Tanzania, we are looking for enthusiastic Audit Associate in Dar es Salaam. We are looking for doers who are ready to roll up their sleeves and with their hard work and dedication create the impact needed in our communities.

Do you want to become a part of our ambitious and creative team of smart individuals and make a difference and you have what it takes? Then read on and apply for this exciting opportunity!

Job Purpose
The Internal Audit Associate will assist the Internal Audit & Risk Manager in providing assurance on the effectiveness of controls in place to address risks to the achievement of Watu’s strategic and operational objectives.

Key duties and Responsibilities

  • Assist in audit planning documentation, conduct walkthroughs, and assesses the internal control environment through control and substantive testing
  • Provide high quality, professional day-to-day execution of internal audit engagements and projects in line with firm risk management practices.
  • Prepare audit testing programs and assess the adequacy of the design and operation of the controls associated with the key risks identified
  • Assist and support the Internal audit team in all planned audits, that includes financial, operational, compliance and information technology audits
  • Build relationships with auditees and business management on each audit and develop ongoing relationships with key stakeholders in aligned business areas
  • Lead discussions with auditees regarding audit observations
  • Track and manage reporting timelines and expectations
  • Document effective audit procedures and workpapers
  • Prepare draft reports that clearly state the internal audit conclusions and recommendations that are backed by evidence and documented audit processes
  • Maintain back up (physical and electronic) of all internal audit materials for easy retrieval and reference and monitor adherence to document management process within the internal audit department
  • Carry out other responsibilities as may be required by the Internal Audit & Risk Manager and the Head of Internal Audit & Risk

Key performance indicators

  • Percentage of audits completed vs planned assignments
  • Consistent compliance with the defined methodology, Working Papers and reporting templates
  • Potential operational efficiencies/process improvement/cost savings generated from implementing internal audit recommendations.
  • Significance of audit findings
  • Certifications obtained /number of training hours per year.
  • Adhering to IIA Code of Ethics and Watu TZ values and Code of conduct.


  • Education level: Minimum of a university degree, preferably in a business-related discipline or Information Technology from a reputable and recognized institution
  • Certifications: A 2nd level ACCA or CPA.
    – CIA/CISA will be an added advantage. 
  • Experience: A minimum of 2 years of experience in internal or external audit with a reputable organization or financial institution

Technical skills:

  • Proven knowledge of auditing standards and procedures, laws, rules, and regulations
  • High attention to detail and excellent analytical skills
  • Excellent communication skills, both verbal and written
  • Experience in working with data and data manipulation tools is an added advantage

Behavioral skills:

  • Ability to perform under pressure, handle heavy workloads, and meet stringent reporting deadlines
  • Ability to work as part of an effective dynamic team
  • Ability to work unsupervised and maintain motivation
  • Maintain the highest standards of professionalism and independence in the execution of duties with the highest level of integrity and quality
  • Ability to handle sensitive company information and maintain confidentiality.

Watu is proud to be an equal opportunity employer. We believe that a diverse and inclusive team is key to success. Therefore, we encourage applications from people of all races, religions, national origins, genders, and ages, as well as individuals with disabilities.

© AjiraMpyaZone • 2022-23

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