Internal Auditor at Westfield Consulting

Job Summary

• Responsible for providing assurance on the adequacy, appropriateness and effectiveness of the organization's internal control environment and risk management framework

Key Responsibilities
Audit Planning and Execution:

• Support in the development and implementation of annual audit plans based on risk assessments, industry standards, and regulatory requirements.
• Conduct financial, operational, and compliance audits to assess the effectiveness of internal controls and adherence to company policies and procedures.
• Ensure audits are conducted in accordance with audit methodology and in line with local and international standards
• Perform risk-based audits, ensuring a focus on key areas such as revenue leakages, inventory management, procurement, and regulatory compliance.

Risk Assessment and Internal Control Evaluation:

• Evaluate the adequacy and effectiveness of internal controls and processes, identifying weaknesses and potential risks.
• Provide recommendations to mitigate risks, improve operational efficiency, and ensure compliance with regulatory requirements (e.g., NPA, NUPRC, NMDPRA, NIMASA etc).
• Monitor key performance indicators (KPIs) related to risk management and internal controls.

Reporting and Communication:

• Prepare detailed audit reports highlighting findings, risks, and recommendations for management and stakeholders.
• Communicate audit findings and provide actionable recommendations to management in a clear and concise manner.
• Follow up on management’s corrective actions to ensure implementation of audit recommendations.

Compliance and Regulatory Audits:

• Ensure the company adheres to Nigerian laws and regulations specific to the oil and gas sector.
• Conduct compliance audits related to the Petroleum Industry Act (PIA) and other industry-specific regulations.
• Coordinate with regulatory authorities during audits and ensure that all statutory requirements are met.

Fraud Detection and Prevention:

• Identify and investigate instances of fraud, corruption, and financial mismanagement.
• Develop internal controls to prevent fraud and ensure transparency in financial transactions and reporting.
• Provide guidance to management on fraud risk management and mitigation strategies.

Key Requirements

• Bachelor’s Degree / HND in Accounting, Finance, Business Administration, or a related field.
• Professional certifications such as ACA, ACCA is mandatory, while CIA (Certified Internal Auditor), or CISA (Certified Information Systems Auditor) are highly preferred.
• 3-5 years of audit experience, preferably within the oil and gas industry.
• Strong understanding of the Nigerian oil and gas sector, including regulatory frameworks and key business processes.
• Experience in financial reporting, risk management, and compliance audits.