Background:
CHF ACSI is the largest microfinance service provider in Iraq. Since 2003, it has built a portfolio of $45 million serving over 20,000 active clients. The growth has almost entirely been funded through grant funding and retained earnings from the project. As of 2012, CHF ACSI has an additional $40 million in debt funding through a thirteen-year facility from a single lender that will permit its expansion over the next five years. This type of growth requires the adaptation of its structures, procedures, systems, controls, risk management and products to its future needs.
Over the past year, CHF ACSI has made deliberate efforts to decentralize authorities to department heads including budgeting, signing authority and staffing decisions. With decentralization, its internal controls must be adapted, and one critical component will be the creation of an internal audit function.
CHF ACSI is seeking a consultant to work with CHF ACSI management and advisory board to recruit and train a new internal auditor and operationalize the internal audit function.
Objective:
CHF ACSI is seeking to assure its growth continues to be managed prudently and efficiently, as it endeavors to meet its full growth potential. This consultancy will result in the development of an audit function. Thus it is seeking a consultant to carry out four tasks:
Description of Services
Over the period of assignment, the consultant will fulfill the following activities:
Conduct Internal Audit Assessment and report to be submitted to ACSI Management and Advisory Board.
Develop a job description and support recruitment efforts
This will include working with CHF ACSI’s Human Resource department to identify candidates, conduct technical interviews, and recommend an Internal Auditor to the Advisory Board for hiring
Provide specific policy and procedure recommendations
Deliverables
Cost, Duration and Schedule
The level of effort is 24 days from July 2013 – June 2014, including two trips with a minimum of 15 on-site days to ACSI’s offices in Iraq and Lebanon.
Qualifications
This assignment may be carried out by an individual, team or firm.