Deputy Internal Auditor at a Reputable Boarding School

A reputable Boarding School in Lagos State is currently recruiting suitable candidates to fill the position below:

Job Title: Deputy Internal Auditor

Location: Ibeju - Lekki, Lagos
Employment Type: Full-time

Job Summary

• The Deputy Internal Auditor will support the Internal Auditor in providing an independent evaluation of the activities of the school and its related entities, centrally coordinating all audit and compliance activities within the school and ensuring strict adherence to the school’s internal policies and procedures as well as regulatory and statutory requirements in order to promote transparency and accountability, add significant value, enhance risk management, governance and compliance, improve operational efficiency, and strengthen the internal control systems within the operations.

Principal Duties & Responsibilities

• Assist in the development, maintenance, implementation and review of the internal audit work programmes, audit plan and risk register and drive the development, deployment and update/review of the charter, manual, relevant policies and other frameworks for the Internal Audit Function.
• Assist management in the understanding and application of and adherence to internal control, risk management, compliance and governance principles.
• Perform audits through the review of physical and electronic records, evaluate the level of compliance with established business control policies, processes, procedures, standards, laws and regulations in assigned functional areas/business units, identify control weaknesses or process improvement opportunities and initiate workable solutions.
• Document and file work papers and audit procedures performed. Track timely and effective corrective actions taken following audit recommendations.
• Maintain backup (physical and electronic) of all internal audit materials for easy retrieval and reference and monitor the document management process across the Company.
• Monitor and drive compliance with regulatory and statutory requirements across all business areas.
• Conduct monthly review of bank reconciliation statements for all existing bank accounts and monthly call over/review of transactions focusing on appropriate posting of transactions and ensuring compliance with statutory deductions.
• Investigate and report all alleged cases of fraud, waste, abuse and inefficiencies and make recommendations on appropriate preventive or remedial actions.
• Participate in stock counts and follow through to ensure that store balances are reconciled to the general ledger; conduct physical verification of property, plant and equipment (PPE), and monitor the disposal of PPE as directed by the Board.
• Implement the internal audit strategic initiatives relating to key responsibilities.
• Carry out other responsibilities as may be required by the Head, Internal Audit, management or Board.

Qualifications, Experience, Skills & Competencies
Education and Work Experience:

• First Degree in Accounting or any other discipline
• Professional accounting certification e.g. ACA, ACCA, CPA, CIMA. (CISA will be an added advantage)
• Minimum of eight (8) years internal audit experience in a reputable organization or six (6) years’ experience in an audit firm

Competencies and Skills:
Knowledge of:

• Internal audit methodologies
• Risk management methodologies
• Corporate governance procedures
• Accounting standards, GAAP, etc
• Auditing guidelines
• Internal controls with particular emphasis on educational institutions
• Good understanding of the operations of an educational institution
• Maturity and tact, including the ability to relate effectively with various stakeholders
• Good report writing and oral communication skills
• Good knowledge of financial and IT systems controls
• Good knowledge of finance and business applications and systems
• Good appreciation and working knowledge of Microsoft Office tools
• Good decision making, problem-solving and leadership skills
• High sense of responsibility, accountability and dependability
• High integrity and ethical standards

Application Closing Date
10th February, 2022.

Method of Application
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the email.