Internal Auditor at Elvaridah

At Elvaridah, we emphasize on the critical matters and prospects of organizations such as business growth, strategy, planning, marketing, structure, and people management across different industries. We help companies focus on the growth of their businesses while aligning costs with strategy. With our all-inclusive approach and expertise, we capture values across the boundaries of any organization. Elvaridah focuses on optimizing all the different parts of a business as a unit.

We are recruiting to fill the position below:

Job Title: Internal Auditor

Location: Lagos
Employment Type: Full-time

Job Description
Audit Planning:

• Develop comprehensive audit plans that outline the scope, objectives, and methodology of each audit.
• Assess risks and identify areas for examination.

Financial Audits:

• Review financial statements, ledgers, and transactions to ensure accuracy, completeness, and compliance with accounting principles and standards.
• Identify discrepancies or irregularities and recommend corrective actions.

Operational Audits:

• Examine operational processes, procedures, and internal controls to ensure efficiency, effectiveness, and alignment with organizational goals.
• Identify areas for improvement and recommend changes to enhance performance.
• Assess operational processes in the production and distribution of bedding products.
• Identify inefficiencies, bottlenecks, and opportunities for improvement in the manufacturing and logistics processes.

Risk Assessment:

• Identify potential risks, vulnerabilities, and weaknesses within the organization.
• Develop risk mitigation strategies and internal control measures

Documentation:

• Maintain comprehensive audit documentation, including workpapers, findings, and recommendations.
• Ensure that documentation adheres to professional standards and is organized for review and references.

Reporting:

• Prepare audit reports that summarize findings, highlight areas of concern, and offer recommendations for improvement.
• Present audit results to senior management, the board of directors, or audit committees.

Vendor and Supplier Audits:

• Evaluate relationships with bedding suppliers and manufacturers. Assess contracts, pricing agreements, and delivery terms to ensure they are advantageous for the company.
• Identify opportunities for cost savings and efficiency improvements in the supply chain.

Inventory Management:

• Examine inventory records and procedures to confirm proper stock control and prevent shrinkage or losses.
• Verify inventory valuation methods and assess compliance with industry best practices.

Requirements

• A Bachelor's Degree in Accounting, Finance or a related field.
• A deep understanding of audit principles.
• Proficiency in accounting principles, financial analysis, and financial reporting.
• Strong analytical skills and the ability to analyze data, identify trends, and draw conclusions.
• Effective written and verbal communication skills for preparing audit reports and interacting with stakeholders.
• Familiarity with audit software, data analysis tools, and general computer skills.
• Familiarity with relevant regulations, industry standards, and compliance requirements.
• A meticulous approach to auditing to ensure accuracy and completeness.
• Adherence to ethical standards and objectivity in auditing practices.

Application Closing Date
30th October, 2023.