Internal Control Manager Execz® Executive Placements

Job Position : Internal Control Manager

Location: Lagos  

Profile

Execz Executive Placements is a one-stop leading national Human Resources Outsourcing and Recruitment, Labour and Industrial Relations Consultancy  company with its head office situated in Helderkruin Roodepoort South Africa. The company services a vast number of medium and large corporate clients on the African continent and elsewhere and conducts business globally. Execz recruit executives as well as all support staff for companies in a vast field of sectors, specialisation fields and industries.


Type Of Business
Petrochemical Services

Remuneration
$2500-$3000 Negotiable + Benefits to be discussed at Interview
No Nigerian Citizens will be considered for the position.

Purpose Of The Job
Responsible for reviews and appraises the soundness, effectiveness, and proper application of accounting and financial controls, compliance procedures and controls and timeliness of documentation generation. Directs and oversees audit and compliance programs.

Main Functions
Reports directly to the MD/CEO              
Financial Risk Management

• Train and schedule all employees on fraud and provides support to the company's anti- fraud programs.
• Evaluates the organization’s readiness in case of business interruption and recommend possible risk aversion measures and cost savings that could be made.
• Provides and evaluates  reasonable assurance that risk management, control, and governance systems are functioning as intended and will enable the organization to meet its goals and objectives.
• Reports risk management issues and internal controls deficiencies identified directly to the audit committee
• Provide recommendations for improving the organizations operations, in terms of both efficient and effective performance.
• Evaluates the extent of information security and associated risk exposures and recommend necessary precautions.
• Assessing and researching  how well risk management processes are working and recording the results using appropriate software.
• Assess the organization regulatory and statutory compliance program by liaising with legal & compliance aspect within the organization.
• Gauges the level at which the organization is exposed to financial risk by reviewing, appraising and assessing the adequacy of programs, policies and procedures set to safeguard the assets.
• Perform risk assessments on key business activities and use the information to guide areas to cover in audits.
• Reviews, appraises and assesses the adequacy and extent of programs designed to safeguard organization assets.
• Identifying key risks to business objectives, evaluating and testing controls in place and identifying areas for improvement.

Audit

• Appraises adequacy of internal control systems by completing audit questionnaires.
• Maintains internal control systems by updating audit programs and questionnaires; recommending new policies and procedures.
• Producing audit reports to meet the required standard for reporting to Executive Management.
• Attending meetings with auditee to develop an understanding of business processes;
• Prepare reports to highlight issues and problems and ensure this report is distributed to the relevant people.
• Ensures compliance with established internal control procedures by examining records, reports, operating practices, and documentation.
• Establish risk-based audit programs within the organization.
• Provides advice on internal control and participates in enhancing internal audit standards and practices within the organization.
• Performs audit procedures to verify that controls are operating through testing and interviewing techniques.
• Analyses and concludes on effectiveness and efficiency of control environment.
• Identifies control gaps and opportunities for improvement.
• Determine scope of review in conjunction with the Audit Committee/Executive Management
• Conduct audit testing of specified area and identify reportable issues and dimension of risk.
• Communicate comprehensive report of audit findings and recommendations to management for decision making by the Board Committee
• Verify audit reports and ensure accuracy in financial reports and records.
• Follow-up on audit action plan to ensure that all action items are resolved before the next audit.
• Identifying if and where processes are not working and advise necessary changes.
• Ensures procedures, policies, legislation and regulations are clearly communicated to parties involved.
• Serves as liaison for all external audit and regulatory agencies.
• Documents the results of audit work in accordance with internal control department and the Institute of Internal Auditors (IIA) standards.
• Leading, managing and developing an effective audit team.
• Planning and scoping audit assignments effectively, allocating audit resources, defining deadlines and ensuring a comprehensive and appropriate terms of reference is set for each review.
• Completes audit work papers by documenting audit tests and findings.

Controls

• Undertaking and managing  programmed audit assignments effectively and efficiently, ensuring work is produced to the required standard and deadlines.
• Verifies assets and liabilities by comparing items to documentation.
• Monitors the financial progress of projects and computes operating fixed and variable costs by comparing such costs to budgets.
• Compares budget amounts to actual expenses to enable Executive Management review/adjust cost incurred while running projects.
• Monitors and Constructs  cost-effective data accumulation systems needed to provide an appropriate level of costing information to Executive Management.
• Estimate cost using accounting models to help determine how much money the company can expect to spend and make on any given product or service.
• Collate and analyse the annual operating budget for the company and recommend reviews where necessary
• Provide training to staffs on importance of Internal Controls and the audit exercise
• Responsible for collating, checking and analysing spreadsheet data
• Provide management with periodic reports on compliance with established standards excellence.
• Compiles and issues reports detailing conclusions and providing recommendations for Improvements at the conclusion of successful audit.
• Provides support and guidance to management on how to handle new opportunities. Agreeing recommendations with relevant staff members to make improvements to operations and helping to secure backing for them in meetings;
• Manage a variety of stakeholders and their expectations through regular communications.

Departmental Reports - Oversee and review the required departmental reports and presentations. To provide comprehensive, effective and efficient administrative support. Review all employee employment records.
General coordination and supervision of the department’s deliverables.
Performs other duties as assigned or required.

Qualifications/Requirements:

• Bachelor’s degree in Finance or Accounting preferred.
• Minimum 8 years work experience with a focus on financial risk and regulatory requirements
• Excellent understanding of the standards of the Institute of Internal Auditors (IIA) and ability to comply with Institute of Internal Auditors (IIA) standards
• CPA or CIA preferred.
• Excellent knowledge of financial business operations and risk-based auditing
• Ability to manage projects and, when required, supervise auditors to follow sound internal control practices and to manage risks appropriately.
• Strong skills in negotiating, relationship building, problem solving, and timely problem escalation.
• Excellent written and oral communication skills
• Strong interpersonal and reasoning skills
• Data literacy and analytical skills
• Ability to adapt to change quickly
• Excellent time management skills
• Detail oriented but able to quickly grasp the big picture
• Good organizational and multitasking skills
• Exhibits initiative, responsibility and flexibility.
• Ability to maintain flexible attitude and approach towards assignments and successfully operate under guidelines.
• Must possess working knowledge of regulatory bodies and general financial business conditions.
• Exercise good judgment in safeguarding confidential or sensitive information and adhere to high standards of confidentiality and honesty.
• Proficiency in Microsoft office tools
• Quality Control - Demonstrates accuracy and thoroughness and monitors own work to ensure quality.
• Safety & Security - Actively promotes and personally observes safety and security procedures, and uses equipment and materials properly.
• Document Control - Reviewing and keeping records of transaction of sale and purchase goods and services

Method of Application
Interested and Qualified candidate should Click here Apply

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