Job Title: Head – Internal Control
Location: Lagos, Nigeria
Employer: Kedari Capital Limited
Job Summary: To review accounting systems and internal controls; ensure compliance and adherence to management policies; safeguarding the company's assets; ensure that operations are carried out in an efficient and effective manner; carry out detailed examination of transactions to ensure reasonableness, accuracy, and validity.
Principal Duties and Responsibilities:
• Keep a record of management policies for the purpose of monitoring compliance.
• Setting up procedures/policies for monitoring usage of company assets.
• Ensure that management information for decision making are timely, reliable and complete.
• Providing information to the external auditors on any issues in his capacity as head of internal control department
• Conduct periodic visits to area offices to ensure compliance and adherence to laid down policies and procedures.
• Review of company's investment portfolio for accountability purposes
• Identifies control gaps and opportunities for improvement.
• To plan, organize and carry out the internal controls function including the preparation of an audit manual.
• Conduct risk assessment of departments/functional areas in accordance with timelines.
• Conduct audit testing of potential risk areas and identify reportable issues.
• To conduct any reviews or tasks requested by Management.
• Develop and implement appropriate operating procedures to ensure compliance with the Labour Law
• Ensure compliance with existing laid down financial policies and procedures, identifying & proposing modifications as needed.
• Monitor and provide advice to management to minimize risk resulting from poor internal controls.
• Identify areas of financial and administrative strengths and weaknesses and develop best practices.
• Review the responses to internal and external audit management letter queries to ensure that recommendations are implemented; follow-up on audit action plan to ensure that all action items are resolved before the next annual audit.
• Ensure proper documentation and approval of all financial transactions.
• Ensure that all transactions are properly classified, registered and posted.
• Ensure that monies received are promptly receipted and lodged within 24 hours.
• Ensure that all assets are properly accounted for and physically monitored.
• To report to both the audit committee and management on the policies, programmes, and activities of the department.
• To make recommendations on the systems and procedures being reviewed, report on the findings, make recommendations and monitor response and implementation.
• To review and report on accuracy, timeliness and relevance of the financial and other information that is provided for management.
• To report on the value for money in all activities in the organisation with special regard to economy, efficiency and effectiveness.
• To work with all departments to ensure a system is in place which ensures that all major risks of each division are identified and analysed for corrective action on a continuous basis.
• Coordinate budget preparation for te Group
• To conduct any review or investigation requested by the chief executive or the audit committee with high level of objectivity and integrity.
• Relate budgeted performance with actual performance and analyse the variance.
• Makes detailed observations, analyses data and interprets results.
• Evaluate and Monitor completion of tasks and projects.
• Attend training and develop relevant knowledge and skills
• Carry out any task assigned to you from time to time by the Managing Director or Management.
Competency and Skill Requirements:
• Excellent oral and written communication skills.
• A true professional possessing the highest ethical and moral standards
• Ability to maintain a positive attitude at all times
• Ability to address issues and effect change effectively
• Experience in writing internal policies and procedures and process evaluation and documentation
• Strong analytical skills. Detail oriented and ability to work and interpret figures and other financial
• Information.
• Effectively work with Microsoft Office applications, including Outlook, Word, Excel and PowerPoint
Key Performance Indicators
• A demonstrated knowledge of finance, accounting and internal controls
• Compliance with laid down policies and procedures by all sections in the organisation.
• Accuracy and reliability of records
• Effective system and procedures that supports accomplishment of company goals and objectives
• Elimination/reduction of any incidence of fraud/malpractices
• Elimination/reduction of audit queries from the External Auditor and regulatory bodies on financial matters
• Staff satisfaction level
• Quality of workforce
• Effectiveness and adequacy of general administration support
Experience and Qualifications:
• 3 – 5 years experience in accounting, finance, Auditing or Business Management
• First degree in business, accounting or other finance related discipline from a reputable tertiary institution
• A relevant professional qualification (e.g. ACA, ACCA, CPA, CFE, FRM).
• Professional certificate/training is an added advantage.
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