Internal Control Officer at Flux Integrated Services Limited

Key Objective

• To provide reasonable assurance regarding the achievement of Flux objectives in the following categories: Value for Money, Reliablility of Financial Reporting, Effectiveness and Efficiency of Operations, and Compliance with Applicable Laws and Regulations.

Main Duties and Responsibilities
Value for Money - Pre-payment and Post-payment Audit Reviews:

• Vet all expenses before payment to ensure adequacy of documentation andapproval
• Carry out regular independent verififcation of prices of materials and other cost inputs
• Physical verification of quantity of diesel supplies
• Confirmation of Staff attendance records including security guards and cleaners
• Physical verification of materials purchased or delivered

Reliability of Financial Reporting:

• Reconcile customers' account with payment inflow
• Review customers' account against Withholding Tax receivable and ensure all WHT withheld are posted
• Followup with Tax Consultant on the collection of credit notes and ensure prompt and accurate application to Tax recievables
• Review bank reconciliations for prompt and accurate postings of transactions (i.e payment inflow and outflow)
• Conduct ledger proofing/reconciliation for key accounts such as receivables and payables, and recommend appropriate journals where necessary
• Investigate reversals or unusual entries to ensure there is no attempt to conceal fraud
• Evaluate the standing/credit worthiness/capacity of potential vendors and suppliers before they are registered, and contracts are executed

Compliance with Laws and Regulation:

• Prepare a compliance tracker for all statutory remittances and regularly communicate deadline for remittance to the finance team
• Monitor new updates by government, regulators, professional bodies (IFRS) that can affect the business and communicate same to management for implementation

Efficiency and Effectiveness of Operations:

• Carry out compliance reviews of operational activities and review key reports, escalating issues approriately
• Perform adequacy review of resources (Staff, software, funds etc) and communicate any deficiency to management
• Perform physical count of inventory monthly and regular spot checks on petty cash
• Review utilization of campany assets and report any unauthorized utilization
• Keep inventory of all policies and procedures and collaborate with process owners whenever updates are required
• Other duties assigned by the Line Manager

Requirements

• Candidates should possess a B.Sc Degree or HND with at least 3 years work experience.