Lorache Group is a Marketing Management, Human Capital Development and Business Process & Strategist Consultancy Outfit, registered with Company & Allied Commission (CAC) of Nigeria to perform such businesses. Lorache works cut across multiple industries, including the consumer goods, finance, capital market, pharmaceutical, telecommunication, entertainment and leisure sectors etc.
We are recruiting to fill the position below:
Job Title: Senior Internal Auditor
Location: Lagos
Employment Type: Full-time
Job Brief
- The job holder is responsible for the Organization’s strategic risk-based internal Audit plan and managing the Internal Audit function in accordance with the Business goals & Objectives.
- Also responsible for planning and conducting operational, financial and compliance audits to evaluate the effectiveness of internal controls and organizational risk.
Duties and Responsibilities
- Oversee the audit process and make any necessary recommendations to change policies, implement new systems and ensure strict compliance.
- Execute Internal Auditing process within the company activities.
- Provide audit report and make recommendations where necessary
- Maintain a report systems.
- Develop audit program to implement and review existing audit program to meet new established structures in the company.
- Suggests action to correct system or process weaknesses and lack of internal control.
- Check efficiency and knowledge of procedures’ in the company’s service delivery and activities.
- Design and implement control mechanisms across the business.
- Monitor compliance/adherence to company’s policy and assists in evaluation of system’s control.
- Detect and Prevent fraud with the sole aim of safeguarding the company’s assets.
- Identifies internal control gaps in business procedures, processes or systems and initiates appropriate remedial action.
Core Internal Audit Functions
Audit duties cut across the following units:
Accounts & Finance Department:
- Conduct check and verification of payable and receivable accounts to ensure improving/complying with established policies and procedures
- Conduct prepayment audit review of payment vouchers and supporting documents
- Conduct post-payment audit on bank/cash operations and verify payments to third parties
- Participate in audit follow up review, special audits, loss and fraud investigations
- Support Account in the following arrears:
- Review of Management Account/Company’s Annual Report
- Review Annual Budget
- Bank Reconciliations
- Ensure compliance to relevant tax laws (local & international) and professional standards (books of account and financial statements)
Inventory / Operations:
- Support in providing quality control checks on products
- Accurate documentation of stock and inventory
- Systematic and thorough details to vetting of supply invoices.
- Effect Weekly/Monthly/Quarterly/Yearly Product and Sales Audit as applicable.
- Prepares audit report (weekly/monthly/quarterly/Yearly) for management.
Internal Control Functions:
- Actual inventory audit of branches, stores and warehouses. Submit reports monthly
- Stocktaking across all branches
- Do audit trail of all transactions on ERP BUSY and make necessary reports
- Checking to ensure products are properly priced to avoid revenue leakages (random checking of sales orders and other relevant documents)
- Weekly reconciliation of products/ inventory across all the branches
- Providing a positive control environment
- Identifying potential risk areas
- Implementing timely corrective actions.
Non-Essential Functions:
- Perform other duties and special projects as assigned by Executive Management.
Experience and Education
- Bachelor’s degree in Accounting or Finance or other closely related field.
- Certified Internal Audit (CIA) or Certified Public Accountant (CPA) required
- 10-12 years’ experience in Auditing or Accounting; 7 years in a Management role.
Knowledge and Skills:
- Knowledge of Generally Accepted Auditing Standards
- Knowledge of Accounting and Finance Principles and Practices
- Knowledge of a variety of reporting procedures, regulations and law
- Planning and Time Management
- Effective Communication and Leadership skills
- Critical Thinking and Analysis
- Tenacity and Ethics.
Method of Application
Interested and qualified candidates should send their CV to: lorachevacancy@gmail.com using the "Job Title" as the subject of the email.
