Team Member - Internal Control at Fosad Consulting

Fosad Consulting LLC. is a professional services firm established to provide quality consulting services to desiring clients, whose primary objective is to focus their management and technical resources on their core competence.

We are recruiting to fill the position below:

Job Title: Team Member - Internal Control

Location: Lagos

Job Description

• To be involved in the day to day activities of the company and to test interaction of the business units to provide assurance that the Organizational objectives are being achieved
• Ensure the efficiency of operations, cost effective use of resources, safeguard company’s assets, ensuring completeness and authorization of approval processes in compliance with laws and regulation as well as internal policies.

Responsibilities

• Involved in the review of various business activities to ensure correctness and accuracy and also in line with approved company policies and procedures.
• Review of all Claims; Life and Non-Life
• Conduct reviews on the accuracy of Trial balance posting
• Review of motor running & motor fuelling schedule
• Prepayment Audit/check and vetting of all transactions across the Organization and raising queries where necessary
• Carry out checks on Fixed Asset Register to ensure completeness and accuracy in postings of all Assets.
• Responsible for Call Over of all Technical Transactions, prepare report highlighting exceptions observed.
• Review all Commission Schedules and Agency Allowances
• Carry out review of Technical and Reinsurance HCM/08/2018 JOB DESCRIPTION DOCUMENT Page 2 of 4 activities; Co-insurance, Reinsurance, Loss Adjusters, Surveyors, Superintending, Treaty and Facultative Premium
• Review of salaries and all statutory rendition associated with salaries; Pension, ECA, NHF etc
• Review of all cash advances and retirement
• Carry out review of Bonds using approved checklist to identify non-compliance, errors etc
• Clearance of all Payment Vouchers in line with approved authorization and approval matrix Compliance
• Involved in the preparation of AML/CFT Quarterly Compliance Report.
• Involved in rendering Weekly returns of Currency Transaction Reports & Records Keeping
• Identifying and reporting of suspicious activities of Clients transactions (new/existing businesses)
• Ensure that AML/CFT Training for all members of staff
• Customer Risk Profiling - (Risk assessment & Reporting) Identification, analysis, assessment and reporting on High risk, PEPS
• Involved in Regular review and incorporation of changes in MLPA 2011, NAICOM guideline and other statutory requirements on AML/CFT
• Monitor regularization of issues raised in external audit management letter. Business Process Assurance
• Develop and implement sound independent control policies and standards covering all sources of risks/operations across the organization
• Identify and liaise with process owners to resolve all issues of operational lapses promptly.
• Ensure policy and regulatory compliance across the organization
• Involved in planning for the unit to maintain relevance with the operating plan of the company
• Ensure that Policies and Procedures meet the demands of the business
• Help maintain a high-level internal control system and control culture across the organization. Spot Checks and Vouching
• To ensure completeness of salvage recovery.
• Conduct Spot Checks
• Confirm delivery of all purchases in the Organization and ensure they meet the required quantity and quality
• Responsible for vouching of all procured items as supported by delivery notes and invoices with LPO to ascertain the quality assurance of supplies

Requirements

• Minimum of a Bachelor's Degree in Accounting, Social Sciences or any numerate related field. 
• Minimum of three (3) years relevant work experience Professional Qualification
• A professional qualification of Institute of Chartered Accountants of Nigeria (ICAN) or the Association of Chartered Certified Accountants (ACCA) is required for career progression but not critical for success in the job.
• A member of the Chartered Insurance Institute of Nigeria (CIIN) Knowledge and Skills
• Ability to show impartiality and zeal to maintain integrity.
• Strong analytical and problem-solving skills
• Strong oral and written communication skills
• Proficient in the use of Microsoft Office.

Application Closing Date
25th June, 2022.