Internal Audit and Control Officers at Nigeria Machine Tools Limited (NMTL)

Responsibilities

• Conduct risk assessments and develop audit programs for various operational areas.
• Perform regular and surprise audits of financial transactions, inventory, and production processes.
• Ensure compliance with applicable laws, regulations, and internal policies.
• Evaluate the effectiveness of internal controls and recommend improvements.
• Monitor adherence to operational and financial processes to prevent fraud or mismanagement.
• Conduct post-implementation reviews of new processes or systems to assess effectiveness.
• Verify the accuracy of financial records, including invoices, receipts, and payroll.
• Reconcile discrepancies identified during audits and report findings.
• Prepare detailed audit reports highlighting findings, risks, and recommendations.
• Present audit findings to the Group Head of Internal Audit and Control and suggest corrective actions.
• Follow up on audit recommendations to ensure implementation and closure of all observed non-conformances
• Conduct physical verification of inventory in stores and warehouses.
• Review production processes for efficiency and compliance with quality standards.
• Provide training to staff on compliance, internal controls, and fraud prevention.
• Support the development of policies and procedures to strengthen control mechanisms.
• Investigate incidents of fraud, theft, or non-compliance.
• Perform any other duties assigned by the Group Head of Internal Audit and Control.

Requirements

• Bachelor's Degree in Accounting, Finance, Business Administration, or a related field.
• Professional certifications such as ACA, ACCA, will be an advantage.
• Minimum of 2 years of experience in internal auditing, control, or a related field, preferably in the Agro-processing or manufacturing industry.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and organizational abilities.
• Proficiency in auditing software and Microsoft Office Suite (Excel, Word, PowerPoint).
• Strong communication and report-writing skills.
• Knowledge of Nigerian tax laws, financial regulations, and inventory management.
• Ethical and professional conduct.
• Strong interpersonal and teamwork abilities.
• Proactive and innovative mindset.

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Responsibilities

• Conduct risk assessments and develop audit programs for various operational areas.
• Perform regular and surprise audits of financial transactions, inventory, and production processes.
• Ensure compliance with applicable laws, regulations, and internal policies.
• Evaluate the effectiveness of internal controls and recommend improvements.
• Monitor adherence to operational and financial processes to prevent fraud or mismanagement.
• Conduct post-implementation reviews of new processes or systems to assess effectiveness.
• Verify the accuracy of financial records, including invoices, receipts, and payroll.
• Reconcile discrepancies identified during audits and report findings.
• Prepare detailed audit reports highlighting findings, risks, and recommendations.
• Present audit findings to the Group Head of Internal Audit and Control and suggest corrective actions.
• Follow up on audit recommendations to ensure implementation and closure of all observed non-conformances
• Conduct physical verification of inventory in stores and warehouses.
• Review production processes for efficiency and compliance with quality standards.
• Provide training to staff on compliance, internal controls, and fraud prevention.
• Support the development of policies and procedures to strengthen control mechanisms.
• Investigate incidents of fraud, theft, or non-compliance.
• Perform any other duties assigned by the Group Head of Internal Audit and Control.

Requirements

• Bachelor's Degree in Accounting, Finance, Business Administration, or a related field.
• Professional certifications such as ACA, ACCA, will be an advantage.
• Minimum of 2 years of experience in internal auditing, control, or a related field, preferably in the Agro-processing or manufacturing industry.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and organizational abilities.
• Proficiency in auditing software and Microsoft Office Suite (Excel, Word, PowerPoint).
• Strong communication and report-writing skills.
• Knowledge of Nigerian tax laws, financial regulations, and inventory management.
• Ethical and professional conduct.
• Strong interpersonal and teamwork abilities.
• Proactive and innovative mindset.