Team Leader (Internal Audit) at Ikeja Electricity Distribution Company (IKEDC)

Ikeja Electricity Distribution Plc, Nigeria's largest power distribution network, came into existence on November 1st, 2013 following the handover of the defunct Power Holding Company Of Nigeria (PHCN) to NEDC/ KEPCO Consortium under the privatization scheme of the Federal Government.

The consortium has the Korean Electric Power Corporation (KEPCO) which generates about 84,000MW in capacity and has a global efficiency record of a maximum down time period of slightly above three minutes annually as technical partners.

This partnership has positioned IE to effectively drive its commitment to deliver efficient and sustainable power supply through investments in new technology, infrastructure upgrade and human capital development.

We are recruiting to fill the following positions below:

Job Title: Team Leader (Internal Audit)
   
Location: Lagos
Reporting To: Head, Internal Audit

Role Purpose

• To assist Head, Internal Audit in all activities related to financial, commercial, and technical audits

Role Accountabilities

• Responsible for developing an Annual Audit Plan by identifying areas of audit. The internal audit team has to initiate preparation of an annual audit plan at the beginning of the year. This plan considers various risk factors like Financial, Industrial Relations, Statutory and Corporate Image and inputs from Top Management, Statutory Auditors and Audit Committee.
• Review auditable activities and corresponding audit checklist for the audit areas under control- coordinate with various departments/agencies for making available relevant records for the purpose of carrying out audit and ensure that the audits are carried out as per plan
• Audit the processes of collection, money receipt, payment for disbursement of salary, billing process, distribution of bills, disconnection.
• Ensure that various processes and policies decided upon are implemented by the internal audit team.
• Ensure that strategies defined are implemented by internal audit team for accomplishment of the department’s objectives.
• Examine the audit report & issue the same to the auditee.
• Conduct special audit of stores, cash, and contractors’ bills
• Handle the deployment of manpower (both in-house & outsourced).
• Follow –up the Internal Audit reports, making presentation before the Audit Committee
• Follow up on highlighted observations on all audit reports
• Analyze audit results and recommend corrective action based on important audit findings
• Visit the auditee’s office during the course of audit for better supervision & control
• Carry out specific management assigned jobs - conducting special audits on a case to case basis.
• Follow-up on the progress of implementation of various decisions undertaken on the basis of audit report and thus resulting in efficient performance of the departments
• Approve the audit bills of external auditors.
• Monitor the outsourced internal auditor.
• Manage the MIS/KPI’s related to financial audit

Minimum  Requirements

• First degree in Accounting, Finance or any related discipline
• 10 years relevant work experience
• Possession of professional certifications (such as ACA, ACCA, CIA) will be an added advantage.

Skills
Technical Competencies:

• Knowledge of Internal department processes
• Understanding regulatory regime

Behavioral Competencies:

• Analytical skills
• Innovation & lateral thinking

Application Closing Date
20th January, 2016.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Note:Unsuitable applications will not be acknowledged.