Location : Lagos
Employment Type : Full-time
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
Duties and Responsibilities
Oversee the audit process and make any necessary recommendations to change policies, implement new systems and ensure strict compliance.
Execute Internal Auditing process within the company activities.
Provide audit report and make recommendations where necessary
Maintain a report systems.
Develop audit program to implement and review existing audit program to meet new 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 evaluation of system’s 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 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
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 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
Stock taking 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.
Experience and Education :
Bachelor's degree in Accounting & Finance or other closely related field.
Certified Internal Audit (CIA) or Certified Public Accountant (CPA) required
10-12 years’ experience in Auditing or Accounting; 7 years in a Management role.
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.