Internal Auditor at FoliXx Hospitality

Responsibilities
Internal Control:

• Conduct regular assessments of the company's internal control systems to ensure compliance with relevant laws, regulations, and company policies.
• Evaluate the design and operational effectiveness of internal controls.
• Recommend improvements to internal controls and business processes.

AuditPlanning & Execution:

• Identify and assess risks related to financial reporting.
• Develop and implement comprehensive audit plans.
• Conduct audits of financial statements, operations, and compliance with applicable regulations.
• Evaluate the adequacy and effectiveness of internal controls.

Operational Audits:

• Conduct operational audits to evaluate the efficiency and effectiveness of business processes.
• Assess the adequacy and effectiveness of controls related to key business activities, such as production, sales, marketing, and distribution.
• Identify opportunities for process improvement and cost reduction.

Continuous Improvement:

• Conduct special investigations as required to address allegations of fraud, waste, or abuse.
• Gather evidence and document findings for appropriate action.

Risk Management:

• Identify and assess areas of significant business riskand their potential impact on the business.
• Develop risk-based audit programs.
• Recommend strategies for mitigating risks.

Compliance:

• Ensure compliance with internal policies and external regulations.
• Monitor changes in regulatory requirements and update the company's compliance program accordingly

Reporting:

• Prepare comprehensive audit reports that summarize findings, conclusions, and recommendations.
• Prepare detailed audit reports with actionable recommendations.
• Present findings to senior management and the audit committee.
• Monitor and report on the implementation of audit recommendations..

Qualifications and Experience

• A minimum of Bachelor's Degree in Accounting, Finance or a related field.
• Professional qualification in Audit/ Accounting would be an added advantage.
• Extensive experience (minimum 3 - 4 years) in internal auditing, preferably within the Hospitality industry.
• Proven leadership and Team building skills.
• Strong analytical and problem-solving skills.
• Excellent communication, interpersonal, and report writing skills.
• In-depth knowledge of internal control frameworks and best practices.
• Proficiency in MS Office Suite.
• Ability to work independently and as part of a team.

Skills and Competencies:

• Strong ethical standards and integrity.
• Attention to detail and accuracy.
• Ability to adapt to changing priorities and work under pressure.
• Excellent interpersonal and communication skills.
• Strong analytical and problem-solving skills.