Head, Financial Audit at Unified Payment Services Limited

Job Objectives

• Computation of Scheme (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 of Merchant(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 audit program steps; testing general ledger, account balances, balance sheets, income statements, and related financial statements; examining and analyzing records, reports, operating practices, and documentation.
• Ensure chargebacks and disputes are resolved in line with existing rules, and appropriate approvals are obtained for all transaction reversals.
• Assesses risks and internal controls by identifying areas of non-compliance; evaluating manual and automated financial processes; identifying process weaknesses and inefficiencies and operational issues.
• Shall conduct periodic data analysis on Web, ATM, POS and Mobile income streams and reconciliation to the general ledger and the production of audit reports in line with approved audit Plan.
• Detailed periodic review of Agency services, banking, Settlement and collection transactions.
• To conduct detailed investigation as may be required from time to time.

To Conducts Financial Audit and Other Audit Reviews such as:

• To Stock take exercise/Inventory management review and reporting,
• Staff allowances and advances review and audit,
• Fixed asset tagging and verification,
• Consumable consumption management, prepayments, Accounts Payables,
• Pay Attitude stock management & Operations review,
• Spot checks on company’s cash and fixed assets,
• Attendance at User Acceptance testing for projects /products and the management of asset bidding process for item disposal.
• Independent Review and computation of company’s income on Personalization and fulfillment activities for partner banks and merchants.
• Proffer workable value added solutions for management consideration.
• Effectively discuss audit issues and develop business focused controls recommendations to strengthen control lapses and weaknesses.

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:

• 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.