Internal Audit Officer

Responsibilities:

Audit Planning and Execution:

• Assist in the development of audit plans and schedules based on risk assessments.
• Perform audits in accordance with the established audit plan, ensuring compliance with internal controls, policies, and procedures.
• Conduct audits of financial statements, operational processes, and IT systems to ensure accuracy, efficiency, and compliance.

Risk Assessment and Internal Control Evaluation:

• Identify and assess risks in various business processes and recommend improvements to mitigate those risks.
• Evaluate the adequacy of internal controls and recommend enhancements where necessary.
• Collaborate with departments to strengthen the company’s risk management practices.

Documentation and Reporting:

• Prepare comprehensive audit reports that detail findings, risks, and recommendations for process improvement.
• Ensure proper documentation of audit workpapers, findings, and evidence to support audit conclusions.
• Present audit results to management and follow up on the implementation of audit recommendations.

Compliance and Regulatory Audits:

• Monitor compliance with internal policies, procedures, and external regulations (e.g., corporate governance, financial reporting standards).
• Assist with audits related to regulatory compliance, providing necessary documentation and responses to external auditors.
• Ensure that any identified non-compliance is addressed and remediated in a timely manner.

Continuous Improvement and Advisory Role:

• Provide insights to management on improving internal controls, operational efficiency, and overall business performance.
• Stay updated on best practices in auditing, internal controls, and risk management, and suggest improvements to the audit process.
• Assist in training staff on internal controls, risk management, and audit processes to enhance company-wide understanding and compliance.

Follow-Up Audits:

• Conduct follow-up audits to ensure that audit recommendations have been implemented and that improvements are sustained.
• Document and report any residual risks or control weaknesses that may require further attention.

Qualifications:

• Educational Background: Bachelor’s degree in Accounting, Finance, or a related field.
• Professional Certification: ICAN, ACCA, or CIA certification preferred.
• Experience: 2-4 years of relevant experience in internal or external auditing, preferably in the financial or insurance sector.

Technical Skills:

• Strong understanding of accounting principles, internal controls, and risk management frameworks.
• Proficiency in audit software and financial systems.
• Strong knowledge of regulatory requirements and compliance standards.

Key Competencies:

• Analytical Skills: Ability to analyze financial data, processes, and systems to identify inefficiencies and control weaknesses.
• Attention to Detail: High level of accuracy in documenting findings and preparing audit reports.
• Problem-Solving: Capable of identifying risks and proposing actionable solutions to improve internal controls.
• Communication: Excellent written and verbal communication skills, with the ability to present complex audit findings to management.
• Integrity: High ethical standards and the ability to handle sensitive information confidentially.

Remuneration: NGN 4,000,000 – 5,000,000 Annual