Senior Internal Auditor at Lorache Group

Title: Senior Internal Auditor | Location: Lagos| Lorache Group
Type: Full-time


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.

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.

Application Closing Date
26th March, 2021.

Method of Application
Interested and qualified candidates should send their CV to: [email protected] using the ” Title” as the subject of the email.