HOD, Financial Audit at Unified Payment Services Limited

Location: Victoria Island, Lagos

Job Objective

• Computation of Scheme (Pay attitude, 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.
• 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.
• Communicates audit progress and findings by providing information in status meetings; highlighting unresolved issues; reviewing working papers; preparing final audit reports.
• Supports external auditors by providing information required.
• Provides financial control information by collecting, analyzing, and summarizing data and trends.
• Deliver training/knowledge transfer sessions to meet departmental cross training needs
• Ensure charge backs and disputes are resolved in line with existing rules, and appropriate approvals are obtained for all transaction reversals.

Duties and Responsibilities

• To ensure the integrity and accuracy of bank reconciliations
• Independent reconciliations of revenue accounts to determine accurate and correct account General Ledger Positions
• 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 ;
  • 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.
• Proffer workable value added solutions for management consideration.
• Effectively discuss audit issues and develop business focused controls recommendations to strengthen control lapses and weaknesses.
• Conduct investigation assignments from time to time.
• Perform Adhoc task / assignments and departmental administrative duties as assigned from time to time.
• Independent Review and computation of company’s income on dispute management systems.
• Independent Review and computation of company’s income on all ongoing and completed projects implementation
• Independent Review and computation of company’s income on Personalization and fulfillment activities for partner banks and merchants
• Independent review of merchant onboarding process and fraud analytics platform in line with Global Accepted Standards on AML / CTF as well as International card schemes.

Job Requirements / Experience

• Education University: First Degree in Accounting / Business Administration.
• Minimum of 10 years and above audit working experience in Financial Auditing.
• Experience: Understanding of the key technical concepts in Financial Audits.
• Certifications: Certification in Accounting (ACCA, ACA) is mandatory
• Others: CISA (Certified Information System Audit) would be an added advantage.