Senior Vice President Internal Audit
Senior Vice President Internal Audit
Posted on :
22-10-2024
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1 Vacancy
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Job Description
- Prepares timely audit reports on internal control findings for executive management the Audit Committee and the Board of Directors as well as next steps in line with set standards and regulations
- Prepare and ensure the implementation of internal control policies and procedures to ensure compliance and promote operational efficiency and transparency
- Analyse and verify the accuracy of financial statements & records as well as compliance with Institutional policies cum applicable laws and regulations
- Report exceptions on breach of statutory requirements including; statutory deductions/remittances such as WHT PAYE and other tax matters
- Ensure internal control measures are defined communicated implemented and monitored companywide
- Review of Vendors payments to ensure that no unauthorized payment is allowed
- Ensure timely preparation of internal audit and control plan
- Ensure cost reduction through effective monitoring of daily activities.
- Interface with external auditors for annual statutory audit and regulators on behalf of the company
- Conduct regular internal control audits for employees and departments
- Review all internal control policies and procedures to ascertain relevance adequacy effectiveness and make improvement recommendations
- Conducts risk assessments and identifies controls in place to mitigate identified risks across all departments within the company
- Monitor the level of compliance with the company s established internal control policies and procedures in assigned activities and locations Conduct special investigation in cases of pilferage suspected fraud or any other form of manipulation and prepares reports on findings and recommendations
- Rendition of quarterly Internal Audit reports on the company s business activities and operations together with appropriate recommendations towards meeting and exceeding budgeted profitability
- Assists in monitoring the effectiveness of established business control policies processes and procedures and communicates identified weaknesses to management with appropriate improvement solutions
- Safeguard the Company s Assets by verifying the company s fixed assets as well as assist in the fixed assets disposal process and also curb revenue leakages.
- Periodically meets with the Audit Committee to receive their input into the Internal Audit work plan and to report the Internal Audit results to the Committee.
- Documents the results of audit work by the Institute of Internal Auditors (IIA) standards
Requirements
- Bachelor s Degree/HND in Accounting Finance or a related field
- Masters degree in Finance or Business related field is preferred
- Minimum of 10 years postgraduate experience. Working experience in the industry or a related industry
- Minimum of 4 years in Senior Management level
Employment Type
Full Time
Key Skills
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