Internal Audit Executive at Mutual Benefit Assurance Plc

Mutual Benefits Assurance Plc (MUTUAL) has evolved into a conglomerate consisting of value-adding companies with diverse interests in various sectors of the Nigerian economy through investments, strategic alliances, and partnerships. Today, MUTUAL is a leading brand in the Nigerian Insurance industry, with over 3,000 staff and marketing executives in its employment.

We are recruiting to fill the position below:

Job Title: Internal Audit Executive

Location: Ilupeju, Lagos
Employment Type: Full-time

Job Description / Responsibilities

• Ensure prompt and effective discharge of all audit work as delegated or assigned by Unit Head – Internal Audit.
• Participating in the execution of approved annual audit plan.
• Execute financial, operational or compliance audits using a risk-based internal audit methodology.
• Confirm adherence to policies, procedures and processes instituted by Board and Executive Management through audit procedures.
• Review and evaluate effectiveness of the control environment and report on any exceptions noted to Unit Head- Internal Audit.
• Perform audit work, including planning, working papers documentation, findings, and associated reports; verify the accuracy of financial records as they pertain to clients’ premium and Company’s assets, liabilities, receipts, expenditures, and related transactions.
• Engagement of auditee department in a walk thorough audit to have a clear knowledge and deep understanding of the process.
• Conduct audit and verifications of claims processes to ensure accuracy, adherence to policies, and regulatory compliance.
• Conduct audit and verifications of technical bills, including premium calculations, claim settlements, and related financial transactions.
• Identify control weaknesses and provide recommendations for improvement.
• In a timely manner, effectively prepare summaries of findings, audit reports and communicate audit findings and recommendations to Unit Head- Internal Audit
• Undertake any other tasks as assigned by the Unit Head and HOD - Internal Audit from time to time.

Requirements

• First Degree (or its equivalent) in disciplines such as Accounting, Banking & Finance, or a related discipline.
• A minimum of 3 years of auditing experience; a Master's Degree is an added advantage
• Proficiency in maintaining precise records and documentation.
• Thorough familiarity with regulatory bodies such as NIA, SEC, CBN, PenCom, FRCN, and Tax Authorities.
• Possession of a relevant Professional Certification (CIA, ACA, ACCA, CISA).

Application Closing Date
29th March, 2024.