Head, Internal Control & Systems at Tranex

Job Objectives To plan, manage and coordinate auditing processes and functions, including audits of financial and operational activities.

Reports to: Chairman and CEO

Job Responsibilities

• To implement control over company’s operational activities by way of conducting audit and review of all transactions (both financial and non-financial) in strict compliance with Company’s internal policies & procedures and to provide implementing control measures.
• Participate in the preparation of audit confirmations as requested by banks, financial institutions, companies, establishments and individual clients.
• Exercise thorough control over vouchers and payments by conducting reconciliations and raising reports on exceptions / variance and checking and verifying vouchers against system reports and source documents.
• Develop annual audit plans, manage and define the audit process to ensure compliance with professional auditing standards.
• Review and check all procurements, transactions and payments and monitor cash and cheque movement and reception of procured materials
• Carry out asset verification and classification
• Plan and coordinate the annual audit program; interacting with Senior Management to ensure their involvement in recommending audits of areas with high risks
• Oversee the implementation of approved annual audit schedule and provide management with periodic status reports of audits
• Participate in external auditor interview process, evaluate external auditor proposals and make recommendations to management
• Perform special projects and reviews as assigned.
• Review and update Internal Audit Policies and Procedures to ensure they are written clearly, and are in compliance with regulations
• Identify key control points and weaknesses in the system or function being audited and develop innovative and creative recommendations for correcting unsatisfactory conditions, improving operations, and reducing cost.
• Document audit work and findings in accordance with generally accepted auditing standards.
• Perform any other responsibility as may be required by management

Key Result Areas

• Number of delivered audit reports and memos
• Number of recommendations issued regarding risks' prevention or detection
• Timeliness of alerts issued regarding important findings revealed in the audit
• % reductions in frauds (both in number of frauds & value)
• % reductions in error rates (both in number of frauds & value)
• Improved annual feedback from other departments (if there is a formal mechanism)
• External audit evaluation score from company’s external auditor

Organizational Competencies

• Teamwork
• Planning and Organisation
• Good communication skills
• Analysis and Problem Solving
• Understanding corporate governance principles and practices, legal and regulatory framework applicable to the industry

Functional Competencies

• Knowledge of IFRS.
• Knowledge of audit procedures and techniques and internal controls.
•  Accounting
• Ability to create spreadsheets

Qualification

• B.Sc/HND in Accounting, Finance or other closely related field
• Minimum of 10 years working experience required
• Must be between 40-45 years of age 
• Must have ACCA/ICAN