Senior Internal Audit (SIA) Officer at International Energy Services Limited (IESL)

International Energy Services Limited (IESL), established in 1990, is a specialist, multidisciplinary, energy services company that provides integrated, client-focused and cost-effective services in the oil and gas industry.

We are recruiting to fill the position below:

Job Title: Senior Internal Audit (SIA) Officer

Location: Victoria Isalnd, Lagos
Employment Type: Full-time

Job Overview 

• To help in the planning and execution of the company’s audit processes and functions, including audits of financial and operational activities.

Key Responsibilities

• To conduct audit and review of all transactions (both financial and non-financial) in strict compliance with Company’s internal policies & procedures and to provide control measures
• Participate in the preparation of audit confirmations as requested by banks, financial institutions, companies, establishments, and individual clients
• Exercise thorough control over vouchers and payments by reviewing reconciliations and raising reports on exceptions / variance and checking and verifying vouchers against system reports and source documents
• Develop audit programs in line with annual audit plans to define the audit processes for testing transactions and auditable operational activities
• Review and check procurements, transactions and payments and monitor cash and cheque movement and reception of procured materials (in line with SIAO authority limit)

Carry Out Asset Verification and Classification:

• Execute the annual audit program; interacting with the various responsible officers to ensure their involvement in the audit process
• Document and track audit issues and provide the HIARMC with monthly status reports of audit recommendations
• Participate in annual external audit review, providing relevant information to ensure smooth running of the audit
• Perform special projects and reviews as assigned
• Identify key control points and weaknesses in the system or function being audited and develop innovative and creative recommendations for correcting unsatisfactory conditions, improving operations, and reducing cost
• Document audit work and findings in accordance with generally accepted auditing standards
• Comply with all Health, Safety and Environmental policies and procedures of the organization
• Any other responsibilities requested by the HIARMC

Key Result Area:

• Number of delivered audit reports and memos
• Number of recommendations issued regarding risks' prevention or detection
• Timeliness of alerts issued regarding important findings revealed in the audit
• % Reduction in frauds (both in number of frauds & value)
• % Reduction in error rates (both in number of frauds & value)
• Improved annual feedback from other departments

Organizational Competence:

• Teamwork
• Planning and Organization
• Good report writing skills
• Good communication skills
• Analysis and Problem Solving
• Understanding corporate governance principles and practices, legal and regulatory framework applicable to the industry

Job Specification

• Bachelor’s Degree in Finance, Business Administration or other related fields.
• Professional qualifications like ICAN, CISA will be an added advantage
• Minimum of 5 years’ financial experience
• Experience and knowledge of Oil & Gas is an added advantage.
• Proficiency in accounting software (Sage ERP)
• IFRS competency is compulsory
• Knowledge of audit procedures and techniques and internal controls
• Good Microsoft Office Knowledge (Word, Excel and PowerPoint.

Application Closing Date
18th January, 2025.