Internal Control & Audit Lead at Pandagric Novum Limited

Pandagric Novum Limited was incorporated in 2006 under the name Novum Agric Industries. The business commenced operations in 2010, with the manufacture and distribution of commercial poultry feed, and in 2018, through a consortium of international and local investors, commenced its expansion and backward integration, which involves the expansion of its manufacturing activities, warehousing capacity and commercial farming activities.

We are recruiting to fill the position below:

Job Title: Internal Control & Audit Lead

Reference Number: Panda/FIN/2022/00001
Location: Panda, Nasarawa
Employment Type: Full-time
Reports to: CEO, Board of Directors (BOD)
Supervises (Direct/ Indirect): All audit and monitoring personnel

Job Objectives

• To carry out an independent appraisal of the effectiveness of the policies, processes and standards by which the PNL’s Bfinancial, physical and information resources are managed and utilized
• To ensure strict adherence to internal policies and procedures, controls, regulations and maintenance of quality service delivery within PNL

Roles and Responsibilities

• Design, implement and continuously review internal control and audit procedures to cover all functional areas/unit relationship and/or transactions/staff audit etc within PNL
• Continually communicate key controls, policies, approval limits within PNL;
• Document evidence arising from audit and provide internal audit recommendations to the BOD, CEO; CFO and COO and for review and approval;
• Conduct thorough and objective examination of financial and non-financial transactions and records;
• Prepare and present periodic audit reports identifying weaknesses and suggesting new procedures, controls and policies to the BOD and top management
• Work with the CFO during audit exercises to meet the requirements of external auditors and to resolve any issues identified
• Develop risk management strategies to mitigate identified risks for PNL;
• Ensure implementation of risk management policies across PNL;
• Monitor quality of internal and external procurement processes for PNL;
• Conduct periodic market surveys to ascertain the competitiveness of vendors’ prices and make recommendations where necessary
• Ensure process compliance, financial revenue assurance and supply chain compliance
• Conduct orientation of relevant parties on new processes, policies and controls across PNL.
• Any other duties as assigned by the CEO and the Board of Directors

Key Performance Indicators

• Bi-annual review of Internal Control Process to ensure conformity with industry and market trends and standards
• Reduce losses due to policy and control violations – below 10%
• Eradication of diesel pilferage/wastage and energy consumption
• Eradication pilferages in farms and warehouses
• Reduction of raw material wastage
• 100% company-wide adherence to SOPs and processes
• Accuracy and timeliness of monthly audit reports
• 100% reduction of frauds/fraudulent practices
• Ensuring 100% employee adherence to internal controls and policies

Qualifications and Experience

• Bachelor's Degree in any Management Science / Social Science related discipline preferably in Accounting
• Minimum of five (5) years post-graduation experience with a minimum of three (3) years in a similar position in a same industry
• Professional qualification e.g. ICAN, ACA, ACCA, CISA is an added advantage.
• Preferably, professional experience should be with a reputable audit firm

Working Knowledge, Skills, Competencies and Attributes:

• Risk Management
• Audit
• Financial management
• Policies and processes development and follow-up for implementation
• Time management
• Effective communication
• Problem-solving skills
• Advisory skills.

Application Closing Date
2nd October, 2022.