About Company: Our client is a marketing leading, reputable and well-established Engineering and Construction business located in the south-south region of Nigeria.
Job Objective: The Company is seeking to hire a competent Head of Internal Audit that will Provide an independent evaluation of the activities of the Company, coordinating all audit, risk management and compliance activities and ensuring strict adherence to the Company’s internal policies and procedures as well as regulatory and statutory requirements in order to promote transparency and accountability.
The ideal candidate will add significant value, enhance risk management, governance and compliance, improve operational efficiency, and strengthen the internal control systems within the operations.
Key Responsibilities

• Coordinate and provide leadership for the internal audit, internal control, risk management, systems audit and risk management functions.
• Leading the Internal Audit department professionally and conduct self in a manner which commands a high degree of respect both internally and externally
• Draft/update the Internal Audit Charter of the organization in line with international standards
• Develop risk based annual audit plans detailing the scope, nature and timing of audit activities
• Ensure timely implementation of individual engagements captured in the approved audit plan
• Conduct internal audits to access the adequacy, effectiveness and efficiency of the established internal controls and procedures
• Maintain a working knowledge of relevant legislation, statutory instruments, codes of practice, departmental policies and ensure these are adhered to within the department
• Evaluate and provide reasonable assurance that risk management, control, and governance systems are functioning as intended and will enable the organization’s objectives and goals to be met
• Reports risk management issues and internal control deficiencies identified directly to the management and provide recommendations for improving the organization’s operations efficiently and effectively.
• Monitor the timely implementation of the management actions recommended in the audit reports
• Evaluate information security and associated risk exposures
• Maintain open communication with management
• Responsible for ensuring that all allegations of financial irregularity, fraud and corruption are promptly and fully investigated. Provide support to the company’s anti-fraud programs
• Participate in multi-disciplinary projects and tasks as applicable

Competencies and Skills Requirements

• Excellent knowledge of generally accepted audit standards
• Knowledge of Accounting, Audit and Finance principles and practices
• Knowledge of variety of reporting procedures, regulations and law, preferably relating to the Nigeria construction sector
• Internal and Technical Audit
• Business process analysis and documentation
• Auditing/Accounting/Cost control
• Enterprise Risk management
• Knowledge and application of regulatory guidelines
• Information Technology (IT) General Knowledge
• Computer literacy
• Investigation and reporting
• Good managerial and coordination skills.

Role Specific KPIs
Audit Planning and Implementation

• Adequacy of audit plan
• Number and significance of issues identified by executive management, board and external auditors
• Percentage of the audit plan completed

Audit Reporting

• Accuracy, timeliness, completeness of reports
• Feedback from the executive management, board and external auditors
• Percentage of recommendations approved/implemented
• Value of the audit recommendation to the business

Controls and compliance monitoring

• Number and frequency of queries
• Frequency of incidences of control failure
• Number of unresolved cases to identified variances
• Percentage of investigations completed
• No of frauds prevented
• Open audit/ control issues closed within approved timelines
• Cost control, savings, and loss reduction
• Regulatory sanctions/ fines/ penalties prevented

Key Requirements

• A Bachelor’s Degree in Accounting, Management or Social Sciences related discipline.
• A Master’s degree in a business-related field or management is an added advantage
• Membership of ICAN, ACCA, ANAN, CIMA, IIA, ISACA or a recognized professional accounting/auditing association is required.
• Minimum of 10 years working experience in auditing role is required
• Prior team lead experience
• Sound knowledge of and ability to review control environments, identify control weaknesses, and recommend suitable improvements to existing control environments.
• Sound knowledge and experience in auditing of operations, and information systems
• Understanding of accounting and financial statements and understanding of local and international accounting standards
• Understanding of audit policies and procedures investigation principles and practice.

Job Types: Full-time, Permanent
Pay: ₦1,000,000.00 - ₦1,200,000.00 per month
Application Deadline: 27/11/2024