Internal Auditors at Sapele Power Plc (SPP)

Sapele Power Plc (SPP) is a leading Nigerian integrated energy company specializing in power generation. SPP operates Nigeria’s second largest power plant by installed capacity of 1020MW; capable of meeting the energy needs of around 750,000 homes at full capacity.

We are recruiting to fill the position of:

Job Title: Internal Auditor

Location: Sapele, Delta
Reporting to: Chief Financial Officer/ Audit Committee

Job Objectives

• To ensure compliance with Sapele Power Plc’s Policies, Procedures, and regulations. This objective will enhance reliability of financial reporting and information
• To ensure Sapele Power Plc’s operational activities are in line with best industry standards. This will promote effectiveness and efficiency of operations
• To ensure SPP’s operational activities are in compliance with all regulatory requirements.

Key Responsibilities

• Establish internal audit scope and develop annual risk-based audit plans/programs
• Execute risk-based audit programs providing detailed and objective review of conformance with Sapele Power Plc operational and financial activities along with policies and procedures
• Execute and monitor the audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable regulations
• Conduct walkthroughs and testing of medium to low risk process to analyze operating effectiveness and design of main financial controls
• Carry out audit report follow-up testing to identify if corrective action plans of management’s were executed on time and communicate results to senior executive management.
• Vet all financial transactions and ensure they meet Sapele Power Plc standard reporting systems
• Ensuring Stock Take exercise is observed on last day of every month.
• Monitor the CAPEX and OPEX expenses while ensuring adequate compliance to financial prudence.
• Maintain open communication with management and audit committee
• Document process and prepare audit findings memorandum
• Coordinate the entire Internal Audit team, ensuring that the values required of the team are delivered

Build capacity within the Internal Audit team of the Organization by:

• Continuously reviewing the capacity required to support the team unit in delivering its functions effectively
• Provide development opportunities for direct reports that challenge and expand their capability
• Provide leadership that inspire others to succeed, and proactively share experience, knowledge plus ideas
• Ensuring that performance objectives are clearly defined for all job roles within the team and that all staff members are evaluated against agreed performance objectives at pre-defined periods set by the HR function
• Coaching and counseling of team members as necessary.

Key Performance Indicators

• Up to date details of all transactions and processes reviewed
• Accurate value of available stocks in the entire business or group
• Accurate postings of accounts per account types, Cost Centers and business location.
• Timely delivery of monthly audit memorandum
• Compliance to SPP’s operating standards.

Functional Competencies/Requirements

• Highly developed and demonstrated skills in analysis, conceptualization and problem solving
• Strong business analysis skills and the ability to document and analyze business processes and their controls
• Strong Financial and Management Accounting skills
• Strong Computer literacy skills
• In-depth understanding of Accounting software
• In-depth understanding of Accounting systems.

General Management Competencies/Requirements:

• Strong Leadership skills
• Strong Oral and Written Communication skills
• Good Presentation Skills
• Strong Negotiation Skills
• Relationship Management
• Strong Problem solving skills
• Ability to plan, schedule and coordinate effectively.

Educational Qualifications/Experience:

• Minimum of university Degree or HND Accounting, Internal Audit (and or other recognized Professional Accounting Qualification ACCA or ACA)
• Minimum of 5 years post professional qualification experience.
• Knowledge of Power Sector Regulatory Requirements and Pronouncement would be an added advantage.

Desired Personal Attributes:

• Integrity
• Proactive self-starter
• Assertive and tenacious
• Ability to work with little or no supervision
• Ability to work with all levels of management, build partnerships and teams
• Highly organized and able to adapt quickly to changing priorities
• Ability to cope with and work under pressure.

Application Closing Date
26th February, 2016.

How to Apply
Interested and qualified candidates should forward their Cover letter with Applications to: recruitment@sapelepower.com