Internal Auditor at Graceco Limited

GRADE:                                Management   

REPORTING TO:                Finance & Control Director

Job location and working hours:  The position is located at Alagbado Lagos, Nigeria. Working time is normally between 7:30am-5pm Mondays to Fridays and 8:30am-3pm on Saturdays. 

DETAILED JOB DESCRIPTION       

Review the company's operations and business practices, highlight areas for improvement and engage with all internal stakeholders to improve controls, mitigate identified risks and deliver the 3 'E' i.e. Economy, Efficiency and Effectiveness in Production, Sales, Marketing, Supply Chain, Logistics, Warehousing, Human Resources and Finance. Key Process areas for review include, but are not limited to:

Production Processes and Practices

• Meeting of supply demand
• Management and utilisation of production resources

Commercial Practices –

• Revenue recognition
• Management of Trade Spend
• Management of Sales Force Incentive Scheme

Customer's  Master Data management

Credit Management and Control

Warehousing and Inventory Management

• Warehousing practices
• Validation of existence of stock quantities and valuation
• Trade Receivables and Trade Payables management

Financial Controls –

• Balance Sheet Reconciliations
• General ledger and Sub-ledger reconciliations
• Adequacy of controls and changes to Vendor / Customer Master File   

 5.4 Procure to Pay process

T&E Expenses Management

Fixed Assets Management

Human Resources management

Safety, Environment and Security

• Annual assessment of risks, including review of risk management policies and business Process methodology, and evaluation of the adequacy of Internal controls to determine the status of the company's overall risk and control environment and to safeguard the company's Assets
• Prepare Annual Audit Plan and Strategy, within the identified inherent emerging risks in the company and structure audit activities of operations to align with the strategic direction of the business to achieve organizational efficiency
• Evaluate the accuracy and reliability of the Company's Financial Statements and Management Reports and highlight areas for improvement in business  controls as a service to management
• Evaluate and provide report on the risk of fraud associated with revenue recognition and the risk of management override of controls
• Review enterprise wide usage of the company's accounting and reporting software, ERPNext  for adherence to controls within the systems at all levels
• Liaise with external Auditors and provide required information to external Auditors

Others

Any other responsibility as may be assigned by the Finance and Control Director
REQUISITE QUALIFICATIONS / EXPERIENCE

• B.Sc.  (1st  or 2nd Class Upper) in Social Sciences or Management
• Qualified Accountant  - ACA
• Minimum of 5 years’ experience in Audit, proficiency in Financial and Management Accounting
• Proficiency in the use of Enterprise wide Accounting Application such as ERPNext, SAGE or SAP, Ms Office packages and Power Point Presentation.
• Applicant must conversant with Companies and Allied Matters Act CAP C20 LFN 2004, Financial Reporting Council of Nigeria Act, 2011, International Financial Reporting Standards (IFRS) as published by IASB, Pensions Reforms Act 2014 and Nigerian Tax Laws.

REQUIRED SKILLS / ATTRIBUTES

• Good team player
• Good oral and written communication skills
• Good interpersonal skills, people management and negotiating skills
• High awareness of quality issues and attention to details
• Strong sense of professionalism, integrity, and sound judgment and tact
• High level of sincerity and honesty with pragmatic and proactive approach to business
• Ability to maintain confidentiality