Head, Financial Audit at Unified Payment Services Limited

Job Objective(s)

• Computation of Scheme (Payattitude, VISA, MasterCard, UP, and American Express) Income - Acquiring, Switching and Processing Income
• Obtain assurance on accuracy of all transaction based fees and income and income from services rendered.
• Confirm accuracy, adequacy, and completeness and prompt settlement ofMerchant(s) in line with terms of engagement.
• Plans financial audits by understanding organization objectives, structure, policies,processes, internal controls, and external regulations; identifying risk areas; determining audit scope and objectives; drafting audit programs.
• Assesses compliance with financial regulations and controls by executing auditprogram steps; testing general ledger, account balances, balance sheets, incomestatements, and related financial statements; examining and analyzing records,reports, operating practices, and documentation.
• Assesses risks and internal controls by identifying areas of non-compliance; evaluating manual and automated financial processes; identifying processweaknesses and inefficiencies and operational issues.
• Communicates audit progress and findings by providing information in statusmeetings; highlighting unresolved issues; reviewing working papers; preparing finalaudit reports.
• Supports external auditors by providing information required.
• Provides financial control information by collecting, analyzing, and summarizingdata and trends.
• Deliver training/knowledge transfer sessions to meet departmental cross trainingneeds
• Ensure chargebacks and disputes are resolved in line with existing rules, andappropriate approvals are obtained for all transaction reversal

Duties & Responsibilties

• To ensure the integrity and accuracy of bank reconciliations.
• Independent reconciliations of revenue accounts to determine accurate andcorrect account General Ledger Positions.
• Shall conduct periodic data analysis on Web, ATM, POS and Mobile incomestreams and reconciliation to the general ledger and the production of auditreports in line with approved audit Plan.
• Detailed periodic review of Agency services, banking, Settlement and collectiontransactions.
• To conduct detailed investigation as may be required from time to time.
• To Conducts Financial Audit and Other Audit Reviews such as;  Stock takeexercise/Inventory management review and reporting, Staff allowances andadvances review and audit, Fixed asset tagging and verification, Consumableconsumption management, prepayments, Accounts Payables, PayAttitude stockmanagement & Operations review, Spot checks on company’s cash and fixedassets, attendance at User Acceptance testing for projects /products and themanagement of asset bidding process for item disposal.

Key Performance Indicators

• 100% achievement and timely submission of audit reports.
• Timely completion of all financial audit assignments within agreed KPI timeline.
• Timely submission of reports for Management comments and approval.
• Timely conduct of departmental training within a given appraisal period.
• Timely conduct of investigation assignments for Management decision making

Requirements
Education:

• First Degree in Accounting / Business Admin.

Certifications:

• Certification in Accounting (ACCA, ACA) is mandatory Others: CISA (Certified
• Information System Audit) would be an added advantage.

Experience:

• Understanding of the key technical concepts in Financial Audits.  
• Minimum of 10 years audit working experience in Financial Auditing.

Key Competency Requirements:

• Knowledge of Financial Auditing & Accounting knowledge.
• Fundamentals of E-payment Settlement process and cycle.
• Payment Card concepts and techniques.
• Clear understanding of Payment Card industry standards and Regulation.

Skill / Competencies:

• Strong interpersonal skills and Deductive reasoning abilities.
• Good analytical and financial reporting skills.
• Financial Diagnosis, Analyzing Information, Research Skills, Reporting Research Results,
• Verbal Communication, Integrity and Trust, Attention to Detail and Objectivity.
• Knowledge of Card Payment industry.