Internal Audit Officer at Cornerstone Insurance Plc

Cornerstone Insurance Plc. was incorporated on 26th July 1991 as a private limited liability company and became a Public Limited Liability, quoted on the Nigerian Stock Exchange in 1997. Our organization was established to conduct Insurance business in a professional, ethical and customer-focused manner and has remained committed to these values over the years.

We are recruiting to fill the position below:

Job Title: Internal Audit Officer

Location: Lagos
Employment Type: Full-time

Description

• Assist in preparation of annual risk based internal audit plan for the company.
• Part-take in preparation of Internal Audit report to Board Audit and Compliance Committee.
• Conduct follow-up on prior recommendations contained in the External Auditors’ Management Letter to ensure that all issues raised are resolved accordingly.
• Prepare quarterly reports to the Head of the department summarising results of audit activities for the period.
• To prepare and maintain Internal Audit issue management tracker to monitor closure of audit findings.
• Conduct periodic audits of financial records and transactions for accuracy, reliability, and promptness to aid decision-making process.
• Carry out full audit of units and departments of the organization, including accessing risk and control. Prepare reports to highlight issues and problems observed. Discuss audit findings with the HOD responsible focusing particularly on areas of business risk, control weakness and operational efficiency enhancements.
• Conduct follow-up audits to ensure prompt closure of identified gaps group rules are still being met and best practices are being followed.
• Ensure that management policies (technical operations, financials etc) are strictly adhered to by all staff through regular review of business operations for efficiency, accuracy, and turn-around time.
• Strive to continuously develop knowledge in the department regarding rules, regulations, best practices, techniques, and performance standard
• Assist in training, coaching and mentoring staff to improve performance and cohesion within the department and achieve the Company’s overall goals and targets.
• To conduct periodic audits of financial records and transactions for accuracy, reliability, and promptness to aid decision-making process.
• Conduct quarterly independent evaluation of AML or CFT compliance programme
• Preparation of NAICOM Internal Audit reports as required statutorily.
• Other tasks as may be assigned by the head of Internal Audit.

Minimum Qualifications

• Bachelor’s Degree or equivalents in Finance or a related discipline
• An MBA or Masters’ degree in a related field will be an added advantage
• Relevant professional qualifications from recognized professional bodies e.g. (ICAN/ ACCA, CIA, CIIN, or the final stage of the examinations)
• 5-7 years experience working in the insurance or equivalent industry, with experience including Internal Auditing, risk management and financial control

Application Closing Date
19th April, 2024.