Head, Internal Audit & Control
Lagos Building Investment Company PLC
lagos, NG
2d ago
source : Mrjobsnaija

Lagos Building Investment Company PLC's job vacancy, Career and Recruitment

Job title : Head, Internal Audit & Control jobs in Lagos Job Location : Lagos Deadline : November 30, 2021

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  • Job Summary

    The Head, Internal Audit & Control provides the shareholders, Board of Directors and Executive Management with an independent view of the operational and financial performance of the company.

    He determines the extent of compliance with controls and established policies, plan and procedures and report on the effectiveness and exceptions.

    Examines and analyzes accounting records to determine financial status of establishment and prepare audit reports concerning operating procedures.

    Job Responsibilities

  • Prepare detailed reports on audit findings.
  • Report to the Leadership about asset utilization and audit results, and recommend changes in operations and financial activities.
  • Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
  • Supervise audit of the company and determine scope of investigation required.
  • Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
  • Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
  • Confer with Leadership about financial and regulatory matters.
  • Examine records and interview workers to ensure recording of transactions are in compliance with laws and regulations.
  • Examine inventory and verify inventory records.
  • Conduct pre-implementation audits to determine if systems and programs under development will work as planned.
  • Direct, plan and coordinate the audit of various Business, Finance, Accounting functions and ensure maintenance of correct financial records.
  • Review activities of Finance Department to ensure adherence to company Ûªs financial policies and procedures.
  • Propose and obtain approval for the company Ûªs audit programme from the MD / CEO and Board Audit Committee.
  • Review the company Ûªs operational and financial activities, controls, systems and procedures and recommends improvements.
  • Issue audits reports to the leadership and the Board of Directors on a timely and scheduled basis.
  • Liable with the company Ûªs external auditors to conduct the annual financial audits and prepare financial reports.
  • Appraise, train and ensure the professional development of the Audit department Ûªs personnel in accordance with company Ûªs policies and procedures.
  • Coordinate the development and sharing of relevant risk management and financial control policies, processes and procedure with all business units within.
  • Ensure that AML / CFT and CBN Returns are accurate and sent in a timely manner.
  • Other duties assigned by MD / CEO and Board Audit Committee.
  • Key Performance Indicators

  • Number of implemented opportunities for improvement (OFI) vs. raised opportunities for improvement during internal and external audits.
  • Average of time to implement corrective action.
  • Timeliness of the audit programs and reports
  • Number and severity of crystallized risks and frauds.
  • Turnaround time to complete audit cycle
  • Number of issues raised by external auditors
  • Cost savings in audit operations
  • Level of organizational compliance
  • Job Knowledge

  • Knowledge of Nigerian Mortgage Banking Industry / Banking Industry
  • Financial and Management accounting
  • Audit Principles and procedures.
  • Financial Accounting Standards
  • Economics and Accounting ÛÒ Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • Administration and Management ÛÒ Knowledge of business and management principles involved in strategic planning, resource allocation, leadership technique and coordination of people and resources.
  • Law and Government ÛÒ Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders and agency rules
  • Job Skills

  • Active Listening ÛÒ Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Reading Comprehension ÛÒ Understanding written sentences and paragraphs in work related documents.
  • Critical Thinking å ÛÒ Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Speaking ÛÒ Talking to others to convey information effectively.
  • Writing ÛÒ Communication effectively in writing as appropriate for the needs of the audience.
  • Complex Problem Solving ÛÒ Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions
  • Active Learning ÛÒ Understanding the implications of new information for both current and future problem-solving and decision making.
  • Judgement and Decision Making ÛÒ Considering the relative costs and benefits of potential actions to choose the most appropriate one.
  • Time Management ÛÒ Managing one Ûªs own time and time of others.
  • Monitoring ÛÒ Monitoring / Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective actions.
  • Persuasion ÛÒ Persuading others to change their minds or behavior.
  • Coordination ÛÒ Adjusting actions in relation to others Ûª actions.
  • Management of Personnel Resources ÛÒ Motivating, developing, and directing people as they work, identifying the best people for the job.
  • Negotiation ÛÒ Bringing others together and trying to reconcile differences.
  • Social Perceptiveness ÛÒ Being aware of others Ûª reactions and understanding why they react as they do.
  • System Analysis ÛÒ Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
  • Instructing ÛÒ Teaching others how to do something.
  • Service Orientation ÛÒ Actively looking for ways to help people
  • Systems Evaluation ÛÒ Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
  • Job Requirement / Work Styles

  • Integrity ÛÒ Job requires being honest and ethical.
  • Analytical Thinking ÛÒ Job requires analyzing information and using logic to address work-related issues and problems.
  • Leadership ÛÒ Job requires a willingness to lead, take charge, and offer opinions and direction.
  • Initiative ÛÒ Job requires a willingness to take on responsibilities and challenges.
  • Attention to Detail ÛÒ Job requires being able careful about detail and thorough in completing work tasks.
  • Dependability ÛÒ Job requires being reliable, responsible, and dependable, and fulfilling obligations.
  • Achievement / Effect ÛÒ Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
  • Persistence ÛÒ Job requires persistence in the face of obstacles.
  • Stress Tolerance ÛÒ Job requires accepting criticism and dealing calmly and effectively with high stress situations.
  • Adaptability / Flexibility ÛÒ Job requires being open to change (Positive or negative) and to considerable variety in the workplace.
  • Cooperation ÛÒ Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
  • Independence ÛÒ Job requires developing one Ûªs way of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.
  • Self-Control ÛÒ Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
  • Innovation ÛÒ Job requires creativity and alternative thinking to develop new ideas for and answers to work-related problems.
  • Concern for others ÛÒ Job requires being sensitive to others Ûª needs and feelings and being understanding and helpful on the job.
  • Social Orientation ÛÒ Job requires preferring to work with others rather than alone, and being personally connected with others on the job.
  • Accounting / Financial Services jobs in Nigeria *Accounting / Financial Services jobs in Lagos *Head, Internal Audit & Control in Lagos
  • How to Apply for this Offer

    Interested and qualified candidates should forward their CV to : omolara.enigbokan lbicplc.com using the position as subject of email.

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