We are recruiting to fill the position below:
Job Title: Internal and Audit Lead
Location:Ado-Ekiti, Ekiti
Employment Type: Full-time
Job Summary
- The Head Internal Control & Compliance is responsible for designing, implementing, and maintaining an effective internal control framework to ensure the accuracy, completeness, and integrity of financial and operational processes.
- This role will identify and mitigate risks, streamline processes, and ensure compliance with laws, regulations, and company policies.
- This role is in charge of Cash and Bank Management reviews. Daily checking if financials including list of debts, Receivables and payables, processing bills/invoice payment review and Daily review of Auditees activities including fleet management, petroleum products cement and Iron rod.
Responsibilities
- The activities were examined in line with audit plans, audit programs, audit checklists.
- It is a vouching-based audit approach.
- Our main concern is to prevent, detect and correct flaws, errors, misappropriations in order to safeguard company’s assets. ensure going concern, business continuity.
- Prevention of cash suppression, diversion and leakages and proper monitoring
- We believe in prevention that detection of errors, frauds and misappropriations.
- Have zero tolerance for frauds, income leakages, intentional errors, mitigate financial & operational risks including financial loss.
- Identify, assess, and prioritize risks; develop and implement mitigation strategies.
- Design and maintain an effective internal control framework, including policies, procedures, and standards.
- Streamline processes and procedures to optimize resource utilization and reduce costs.
- Ensure compliance with laws, regulations, and company policies; maintain up-to-date knowledge of regulatory requirements.
- Collaborate with external auditors and ensure timely resolution of audit findings.
- Protect organizational assets and income from theft, fraud or misuse
- Supervise operational processes, including procurement, inventory management, and logistics.
- Leading of internal control team; provide guidance, training, and development opportunities.
- Prepare reports and analytics for management and the audit committee; provide insights and recommendations.
- Lead special projects, such as fraud investigations, risk assessments, and process improvements.
- Perform related duties as assigned by the Managing Director.
Activities covered:
- Financial Audits
- Operational Audits
- Environmental Audits
On Financial Audits:
The financial audit covered the company’s
- Cash and Banks Management
- Verification of Banks’ statements of;
- Union Bank,
- Access Bank
- First Bank
- Fidelity Bank
- GTBank
- Against the payment vouchers and registers/books from the front office.
- My main concern is the debits (Outflows) than the inflows (credits) and
- Checking the charges/fees – interest, COT, SMS.
Daily cash count:
- Taking into consideration, the company’s total sales less lodgments to get the cash in hand.
Petty cash count:
- Cash count on petty transactions of the company, comparing physical cash against the system's balance.
Financial Reviews:
- Review of expenses payment vouchers, truck maintenance payment vouchers against the registers taking into consideration volume (litres), the product name (Ago) and the unit price to obtain Value (N).
- We ensure that the amount in Fig tally with the amount in Word.
- Taking into consideration, the company’s total sales less lodgments to get the cash in hand.
- Petty cash count
Operational Audit:
- Cost control and reductions are the primary concerns on the inventories
Inventories /Stocks cards:
- The mechanic components/items in the outer store have been entered into the Stock cards.
Customers’ Accounts with debit balances:
- Review the debtor's list of overdue debts.
Environmental/Security audits:
- Security Register
- The Audit teams are monitoring this daily for proper implementation of the security register.
Key performance indicator:
- Regulatory compliance.
- Regulatory Reporting.
- Audit and Control.
- Frauds investigation and Errors prevention.
- Review of Financials including risks assets.
- Internal Control Reports.
- Control Self-Assessment Reports.
- Risk Assessment Reports.
- Compliance Reports.
- Management/Special Audit Reports.
- Process Improvement Reports.
- Control Framework Reports.
- IT General Controls Reports.
Requirements
Minimum educational qualification & experience:
- Higher National Diploma/Bachelor Degree in Accounting, Finance & Related Field.
- Professional Certification e.g. ACA, ACCA, IIEIP.
- Minimum 5 years of experience in internal control, audit, or risk management.
- and other certifications and training
Knowledge, skills, capabilities, and personal qualities:
- Knowledge, skills, capabilities, and personal qualities:
- Excellent verbal and written communication skills, ability to effectively communicate with internal and external customers.
- Excellent computer proficiency in all MS Office, ERP software, and other accounting software.
- Work under pressure, methodically and meet deadlines, while maintaining a positive attitude and providing exemplary customer service.
- Ability to work independently and carry out assignments to completion within parameters of instruction given, prescribed, routines and standard accepted practices.
- Investigative
- Analytical
- Reporting
- Forensic audit/Accounting
- Strong knowledge of accounting principles, practices, and procedures.
- Strong analytical and problem-solving skills.
- Excellent organizational, prioritization, result driven and leadership abilities.
- Exceptional attention to detail, accuracy and keen eye for aesthetics.
- Project Management
- Good assertiveness, problem solving and decision-making skill.
- Ability to contribute individually and lead, manage or participate in cross-functional teams.
- Outstanding interpersonal, tech enthusiast and persuasive abilities.
- Ability to create great working relationships with all levels within the company and across multiple disciplines.