Internal Audit Officer at Oved Global Concept

Oved Global Concept is a management / recruitment firm that has been in business for years now. We recruit and manage staff for other companies.

We are recruiting to fill the position below:

Job Title: Internal Audit Officer

Location: Mushin, Lagos
Employment Type: Full-time

Job Summary

• The internal auditor will report to the Head of Internal Audit and Compliance.
• He will be a professional who evaluates the financial and operational activities of the company. He will be responsible for providing independent and objective assessments of the company’s compliance with laws, regulations, regulatory obligations, third party contracts, policies, procedures, and effectiveness and efficiency of operation.
• Assess the reliability of financial and operational information, monitor the security and efficient use of company assets and other resources.
• He is expected to prepare reports based on his/her findings and suggest improvements.

Responsibilities

• Daily/continuous monitoring of warehouse operations – loading of out-bound goods, off-loading of incoming goods.
• Ensure that inward and outward movement of inventory is properly, accurately and timely documented, and signed off by him.
• Ensure that outward-bound goods are properly stacked at the loading bay, counted and agreed upon by the concerned parties (warehouse manager/officer, loading officer, security, and driver), and the appropriate documents (waybill, delivery note, invoice) signed by each of them before loading.
• Ensure warehouse operation policies, processes and procedures are strictly adhered to by process owners, e.g. FIFO policy.
• Ensure that all returned goods are accompanied with proper document showing the reason, customer, quantity, etc.
• Ensure the process owner/operators keep accurate and up-to-date records of all pending (invoiced but not yet supplied) supplies.
• Ensure that all goods coming in meet required quality standards and specifications, and would not soon expire or become obsolete.
• Query and or report or escalate any violation or deviation from established standards and specifications.
• Report any anomaly and non-compliance observed in the operational processes, policies and procedures.
• Continuous confirmation and verification of opening/closing balances of stock with bin card, Tally and physical stock, timely investigate and report variances and their causes.
• Attend to operational control issues, seek superior approval where necessary and report those that cannot be resolved.
• Ensure invoices, waybills, delivery notes, and inter-branch stock transfer are signed off by the sales manager being used to pick stock from the warehouse.
• Ensure that the process owners constantly monitor, and keep proper records of non-moving, damaged, about to expire stock.
• Carry out random stock count from time to time to verify/confirm the accuracy of physical stock with bin card and Tally record.
• Plan and lead the monthly warehouse stock count exercise with the direction and supervision of the Head of Audit.
• Ensure that the operators keep accurate and complete record of daily and weekly delivery and receipt of goods, showing the customer/supplier, quantity by SKUs, date and invoice/waybill/delivery note or inter-branch stock transfer number.

Skills / Expertise / Education

• B.Sc./HND in accounting, business admin, economics, computer science or any related discipline.
• Risk assessment and management: Assess and document risk, capture and implement mitigating control, monitor residual risk and provide periodic reporting.
• Control testing: Ability to perform Entity level controls (ELC) and IT General Controls (ITGC), Test of Design and Test of Effectiveness.
• Data Analytics: Data analysis using simple and complex tools.
• Investigation: Investigation of suspected fraud, transactional issues, stock shortages and misconduct allegations.
• MS Office: Hands on experience in MS word, excel and power point presentation.
• Internal Audit Professional Standards: Working knowledge of IIA International Standards for the Professional Practice of Internal Auditing (ISPP) attribute and performance standards.

Salary
N150,000 - N180,000 Monthly. 

Application Closing Date
9th June, 2024.