Internal Control & Audit Lead at Pandagric Novum Limited

Job Objectives

• To carry out an independent appraisal of the effectiveness of the policies, processes and standards by which the PNL’s Bfinancial, physical and information resources are managed and utilized
• To ensure strict adherence to internal policies and procedures, controls, regulations and maintenance of quality service delivery within PNL

Roles and Responsibilities

• Design, implement and continuously review internal control and audit procedures to cover all functional areas/unit relationship and/or transactions/staff audit etc within PNL
• Continually communicate key controls, policies, approval limits within PNL;
• Document evidence arising from audit and provide internal audit recommendations to the BOD, CEO; CFO and COO and for review and approval;
• Conduct thorough and objective examination of financial and non-financial transactions and records;
• Prepare and present periodic audit reports identifying weaknesses and suggesting new procedures, controls and policies to the BOD and top management
• Work with the CFO during audit exercises to meet the requirements of external auditors and to resolve any issues identified
• Develop risk management strategies to mitigate identified risks for PNL;
• Ensure implementation of risk management policies across PNL;
• Monitor quality of internal and external procurement processes for PNL;
• Conduct periodic market surveys to ascertain the competitiveness of vendors’ prices and make recommendations where necessary
• Ensure process compliance, financial revenue assurance and supply chain compliance
• Conduct orientation of relevant parties on new processes, policies and controls across PNL.
• Any other duties as assigned by the CEO and the Board of Directors

Key Performance Indicators

• Bi-annual review of Internal Control Process to ensure conformity with industry and market trends and standards
• Reduce losses due to policy and control violations – below 10%
• Eradication of diesel pilferage/wastage and energy consumption
• Eradication pilferages in farms and warehouses
• Reduction of raw material wastage
• 100% company-wide adherence to SOPs and processes
• Accuracy and timeliness of monthly audit reports
• 100% reduction of frauds/fraudulent practices
• Ensuring 100% employee adherence to internal controls and policies

Qualifications and Experience

• Bachelor's Degree in any Management Science / Social Science related discipline preferably in Accounting
• Minimum of five (5) years post-graduation experience with a minimum of three (3) years in a similar position in a same industry
• Professional qualification e.g. ICAN, ACA, ACCA, CISA is an added advantage.
• Preferably, professional experience should be with a reputable audit firm

Working Knowledge, Skills, Competencies and Attributes:

• Risk Management
• Audit
• Financial management
• Policies and processes development and follow-up for implementation
• Time management
• Effective communication
• Problem-solving skills
• Advisory skills.