Internal Audit and Control Officer - VFD Group Plc
VFD Group Plc
3d ago
source : BetaJob

Job Objective(s)

  • Formulate and execute company control processes, and review daily, weekly, and monthly accounts reconciliations by identifying reconciling differences, escalating issues, and communicating results to management and colleagues.
  • Duties and Responsibilities

    Budget & Budget control :

  • Monitor annual budget figures
  • Provide a monthly variance and budget gap report
  • Ensure expenses are always within budget except with exceptional approval
  • Accounts reconciliation :

  • Ensures that cash amounts in the company’s ledgers agree with bank balances
  • Ensures guidelines and policies around cash processes are adequate & effective
  • Ensure daily call-over
  • Review monthly bank reconciliation of all accounts.
  • Regulatory compliance reporting :

  • Ensure zero regulatory infraction in areas relating to financial reporting
  • Review fillings to regulators
  • Ensure remittance of all government taxes.
  • Revenue and cost assurance :

  • Develop an integrated cycle to ensure prevention, detection, analysis and Response.
  • Ensure avoidable losses and cost exposure.
  • Ensure no opportunist fraud window.
  • Ensure no areas of income leakages.
  • Internal Audit :

  • Develop proper internal audit and control system.
  • Define control measure for all key activities and ensure compliance.
  • Prepare audit reports.
  • Advise units on departure from policies, procedures and other exceptions.
  • Asset and Liability management :

  • Develop an ALM system.
  • Develop ALM policies and procedures.
  • Suggest strategic guidance where necessary.
  • Special investigations and daily call overs :
  • Review all payment vouchers to both internal and external parties.
  • Perform investigations into suspected fraudulent / sharp practices.
  • Provide appropriate line of action and recommendation for investigated fraudulent activities.
  • Others :

  • Prepare / compile agreed periodic activity report for the MD / CEO.
  • Other adhoc assignment as assigned.
  • Qualifications / Requirements

  • First degree or its equivalent in a Numerate discipline (Accounting, Economics, Finance, etc), MBA or Master’s degree will be an added advantage.
  • Minimum of 5 years’ cumulative work experience in a similar role.
  • Professional Membership : ICAN, ACCA
  • Core Skills :

  • Knowledge of corporate governance practices.
  • Ability to analyze data.
  • Ability to read large volumes of documents effectively and extract necessary information.
  • In-depth understanding of the organization’s business issues.
  • Communication & Presentation.
  • Good report writing skills.
  • Proficient at Excel, MS Word and Power point.
  • Developed ability to produce reports and presentations to a professional standard.
  • Excellent written and oral communication skills.
  • Very good proof-reading skills.
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