Head Audit at Port Harcourt Electricity Distribution Company (PHED)

POSITION SUMMARY

Our client needs an Accounting Professional, who is well-skilled in auditing, and can carry out continuous statutory and financial audit at all functional levels of the organisation and can also lead investigative forensic and routine audits to identify areas of potential risks. The Head of Audit is directly responsible for overall examination of internal control systems and drafting annual audit plans for the company. This role leads to the establishment of operational effectiveness. 

POSITION RESPONSIBILITIES 

• Responsible for ensuring compliance with laws, regulations and company policies.
• To lead investigative forensic and routine audits of high risk areas
• Responsible for overall examination and evaluation of the adequacy, effectiveness and efficiency of the company’s internal control systems and procedures and recommend corrective actions.
• Responsible for ensuring compliance with laws, regulations and company policies.
• Drafting and executing the annual audit plans for the company.
• Identifying areas of potential risk and areas in order to improve operational efficiency.
• Ensure continuous statutory & financial audit to put check at all functional levels across organization.
• Assessment of functioning of internal control systems and notify the management regarding the control weaknesses and inherent risks.
• Maintain open communication with management and the audit committee.
• Monthly reports on time with implications and recommendations of each control weakness.
• Strive to live the company values, and add value beyond the JD of any position the person is hired for.
• Provide adequate compliance monitoring and risk assessment of company operations 

Performance Profile

The most important performance objective for this position is … 

• 30 Day Milestone
  • Understand the Company Values and her/his role & BSC
  • Make/suggest ideas which can bring value to achieve the BSC
  • Show she/he has talent to take initiatives and find solutions
  • Review current operations and provide plan to deliver a compliance ready organization within 6months
  • Needs to initiate and support the building of a comprehensive organization policies and procedures manual
• 90 Day Milestone
• 50% completion of plan
• 100% completion of plan
• 180 Day Milestone 

QUALIFICATIONS (EXPERIENCE, KNOWLEDGE & SKILLS)

Qualification: Bachelor’s degree in Accounting or related discipline. Master's Degree or MBA is desirable 

Experience:10 years relevant experience, at least 5 years management experience in audit (Internal or External) or related discipline is required; Big 4 Accounting/Audit firm experience preferred

Competence: Expert use of computer and internet especially MS Office Suite and outlook; Applied knowledge of ERP and other Finance/Management systems preferred. IT audit experience an advantage. Performing compliance, operations, and application systems audits in accordance with the standards of PHED Internal Audit, department and the Institute of Internal Auditors (IIA.)