Job Summary

The job holder is responsible for the Organization’s strategic risk-based internal Audit plan and managing the Internal Audit function in accordance with the Business goals & Objectives. Also responsible for planning and conducting operational, financial and compliance audits to evaluate the effectiveness of internal controls and organizational risk

  • Minimum Qualification: Degree
  • Experience Level: Management level
  • Experience Length: 12 years

Job Description/Requirements

Duties and Responsibilities
•    Oversee the audit process and make any necessary recommendations to change policies, implement new systems and ensure strict compliance.
•    Execute the Internal Auditing process within the company activities.
•    Provide audit report and make recommendations where necessary
•    Maintain a reporting system.
•    Develop an audit program to implement and review the existing audit program to meet newly established structures in the company.
•    Suggests action to correct system or process weaknesses and lack of internal control.
•    Check efficiency and knowledge of procedures’ in the company’s service delivery and activities.
•    Design and implement control mechanisms across the business.
•    Monitor compliance/adherence to company’s policy and assists in the evaluation of system control.
•    Detect and Prevent fraud with the sole aim of safeguarding the company’s assets.
•    Identifies internal control gaps in business procedures, processes, or systems and initiates appropriate remedial action.

Core Internal Audit Functions
Audit duties cut across the following units:

Accounts & Finance Dept:
•    Conduct check and verification of payable and receivable accounts to ensure improving/complying  with established policies and procedures
•    Conduct prepayment audit review of payment vouchers and supporting documents
•    Conduct a post-payment audit on bank/cash operations and verify payments to third parties
•    Participate in audit follow up review, special audits, loss and fraud investigations
•    Support Account in  the following arrears:
•    Review of Management Account/Company’s Annual Report
•    Review Annual Budget
•    Bank Reconciliations
•    Ensure compliance to relevant  tax laws (local & international)  and professional standards (books of account and financial statements)

Inventory/ Operations:
•    Support in providing quality control checks on products
•    Accurate documentation of stock and inventory
•    Systematic and thorough details to the vetting of supply invoices.
•    Effect Weekly/Monthly/Quarterly/Yearly Product and Sales Audit as applicable.
•    Prepares audit report (weekly/monthly/quarterly/Yearly) for management.

Internal Control Functions:
•    Actual inventory audit of branches, stores, and warehouses. Submit reports monthly
•    Stocktaking across all branches
•    Do audit trail of all transactions on ERP BUSY and make necessary reports
•    Checking to ensure products are properly priced to avoid revenue leakages (random checking of sales orders and other relevant documents)
•    Weekly reconciliation of products/ inventory across all the branches
•    Providing a positive control environment
•    Identifying potential risk areas
•    Implementing timely corrective actions


     Non-Essential Functions:
•    Perform other duties and special projects as assigned by Executive Management.

Knowledge and Skills:
•    Knowledge of Generally Accepted Auditing Standards
•    Knowledge of Accounting and Finance Principles and Practices
•    Knowledge of a variety of reporting procedures, regulations, and law
•    Planning and Time Management
•    Effective Communication and Leadership skills
•    Critical Thinking and Analysis
•    Tenacity and Ethics

Experience and Education:

•    Bachelor’s degree in Accounting & Finance or other closely related fields.
•    Certified Internal Audit (CIA) or Certified Public Accountant (CPA) required
•    10-12 years’ experience in Auditing or Accounting; 7 years in a Management role

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