Finance and Internal Control Officer at Powerex

Objectives

• The Finance and Internal Control Officer is responsible for ensuring the accuracy, integrity, and compliance of financial transactions, internal controls, protection of the organization's assets and risk management procedures within the organization. 
• This role involves financial analysis, monitoring internal processes, and implementing control measures to minimize exposure to potential risks to prevent fraud, embezzlements, misappropriations, misuse and wastage.

Job Description

• Bank reconciliations
• Verify the accuracy of reconciliations
• Perform regular audits and reviews of financial transactions, inventory management, and other operational processes to identify anomalies or errors.
• Evaluate the effectiveness of cash controls and verify the accuracy of cash records and reporting.
• Compare physical counts with inventory records and review reconciliations for accuracy and verify the accuracy of inventory records and reporting.
• Ensure accuracy of payables and receivables balances in the accounts
• Verify the accuracy of financial records, including invoices, receipts, and payroll.
• Consistently carry out internal audit of petty cash funds to ensure proper usage and documentation.
• Evaluate the effectiveness of internal controls and recommend improvements.
• Cut wastage on expenses
• Prepare reports on internal control findings, and recommendations to proactively mitigate the exposure to risk.
• Follows-up on the implementation of the audit recommendations
• Carrying out investigations into suspected fraudulent practices in the Group

Requirements

• Bachelor’s Degree or HND in Accounting, Finance, Economics, or a related field.
• Minimum of 5 years experience
• Experience in internal control, audit, risk management, or compliance roles.
• Strong understanding of internal control frameworks
• Professional certification e.g: ICAN, ACCA
• IFRS knowledge
• Strong knowledge of financial accounting
• Proficiency in MS office Suite.

Skills and Competencies:

• Compliance and internal audit practice
• Fraud detection and control
• Inspection and investigation
• Strong analytical skills.
• Operational risk management
• In-depth knowledge of internal control frameworks and best practices.
• Budgeting and budgetary control
• Excellent communication, and report writing skills.
• Knowledge of Nigerian tax laws, financial regulations, and inventory management.
• Resource management
• Attention to detail and organizational abilities
• Proactive mindset.