Internal Control and Audit Staff at LAPO Institute for Microfinance and Management Studies

JOB OBJECTIVE/SUMMARY

• To see to the implementation of effective internal control and audit framework for the Institute.
• To update prices of all items from time to time to ease verification process.
• To investigate all cases of non-compliance or infractions of internal policies and procedures or external regulatory standards, making recommendations to management as applicable.

DUTIES & RESPONSIBILITIES

• Verification of prices and stock counts, update appropriate internal control, audit & compliance strategy and framework for the Institute;
• Identify control lapses/policy inadequacies through investigations for process improvement;
• Design audit work plan for the year and coordinate audit activities of the Institute;
• Ensure that prompt investigation of frauds, forgeries, breach of policies and procedures and serious customer complaints are conducted and necessary action taken on the outcome;
• Work with Bursary and external auditors in the successful conduct of comprehensive audit exercise;
• Make recommendations for policy amendments based on emerging issues in audit and internal control ;
• Perform other duties and responsibilities, as may be assigned by the Provost or the Governing Council.

KEY PERFORMANCE INDICATORS

• Exceptions/fraud/irregularities detected against those undetected
• Savings per fraud/irregularities detected/prevented
• Timely investigation of referred cases and prompt dispensation
• Promptness, accuracy and validity of control and audit reports
• Occurrence or absence of pilfering in stocks
• Exceptions identified by external auditors
• Availability and comprehensiveness of internal control policies
• Incidents of ghost workers
• Incidents of strong and valid concerns expressed by Management or the Board

JOB REQUIREMENTS

• Education: A good bachelor's degree/HND in Accountancy.
• Experience: Minimum of 2 years relevant experience in a reputable firm or company