Senior Internal Audit (SIA) Officer at International Energy Services Limited (IESL)

Job Overview 

To help in the planning and execution of the company’s audit processes and functions, including audits of financial and operational activities.

Key Responsibilities

• To conduct audit and review of all transactions (both financial and non-financial) in strict compliance with Company’s internal policies & procedures and to provide control measures
• Participate in the preparation of audit confirmations as requested by banks, financial institutions, companies, establishments, and individual clients
• Exercise thorough control over vouchers and payments by reviewing reconciliations and raising reports on exceptions / variance and checking and verifying vouchers against system reports and source documents
• Develop audit programs in line with annual audit plans to define the audit processes for testing transactions and auditable operational activities
• Review and check procurements, transactions and payments and monitor cash and cheque movement and reception of procured materials (in line with SIAO authority limit)

Carry Out Asset Verification and Classification:

• Execute the annual audit program; interacting with the various responsible officers to ensure their involvement in the audit process
• Document and track audit issues and provide the HIARMC with monthly status reports of audit recommendations
• Participate in annual external audit review, providing relevant information to ensure smooth running of the audit
• Perform special projects and reviews as assigned
• Identify key control points and weaknesses in the system or function being audited and develop innovative and creative recommendations for correcting unsatisfactory conditions, improving operations, and reducing cost
• Document audit work and findings in accordance with generally accepted auditing standards
• Comply with all Health, Safety and Environmental policies and procedures of the organization
• Any other responsibilities requested by the HIARMC

Key Result Area:

• Number of delivered audit reports and memos
• Number of recommendations issued regarding risks' prevention or detection
• Timeliness of alerts issued regarding important findings revealed in the audit
• % Reduction in frauds (both in number of frauds & value)
• % Reduction in error rates (both in number of frauds & value)
• Improved annual feedback from other departments

Organizational Competence:

• Teamwork
• Planning and Organization
• Good report writing skills
• Good communication skills
• Analysis and Problem Solving
• Understanding corporate governance principles and practices, legal and regulatory framework applicable to the industry

Job Specification

• Bachelor’s Degree in Finance, Business Administration or other related fields.
• Professional qualifications like ICAN, CISA will be an added advantage
• Minimum of 5 years’ financial experience
• Experience and knowledge of Oil & Gas is an added advantage.
• Proficiency in accounting software (Sage ERP)
• IFRS competency is compulsory
• Knowledge of audit procedures and techniques and internal controls
• Good Microsoft Office Knowledge (Word, Excel and PowerPoint.