May 28, 2014
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PSNL Business Solutions is recruiting for fulltime Head, Internal Audit.

Job Details

Job Title: Head, Internal Audit
 
Job Objectives:
Responsible for the entire risk management of the company; the projects, financial decisions and actions and other adherences and compliances that entrench Integrity in the pattern of work in the company, assuring the company’s ability to meet her desired objectives
 
Job Categorization:
1. Organizational Level:         Senior Management
2. Job Department:                Finance Department
3. Reporting to:                      CEO/CFO 
 
Key Responsibilities: 
 
I. Strategic
  • Coordinates ALL Project Planning and Design Activities and Functions under supervision 
  • Having strong focus on the economics and profitability of production or the services rendered by the entire department
  • Responsible for deploying assigned and co – opted projects within agreed budget and deadlines
  • Functional in the management of the end - to - end process of entire business unit
  • Recommend polices and standards that are aimed at ensuring optimal utilization of the company/departmental resources for the overall achievement of the company's set objectives; long-term and periodic
  • Ensure legal and regulatory compliance regarding all purchasing functions and commitments of the company
 
II. Operational
  • Determine and manage the adequacy and effectiveness of the company’s systems of internal accounting and operating controls
  • Review the reliability and integrity of financial information and the means used to identify, measure, classify and report such information
  • Review the means and process whereby company’s employees and Project Managers safeguard assets and, as appropriate, verify the existence of such assets. 
  • Review Project operations and programs to ascertain whether results are consistent with established objectives and goals and whether the operations or programs are being carried out as planned
  • Gather data for internal audit through a variety of methods including interviews, financial research, downloads, etc.
  • Research laws, regulations, other Government policies and standards issued by accounting boards and professional bodies. Review the established systems within the company to ensure compliance with those policies, plans, procedures, laws and regulations which could have a significant impact on operations and reports
  • Report to those members of management who should be informed or who should take corrective action, the results of audit examinations, the audit opinions formed, and the recommendations made. 
  • Evaluate any plans or actions taken to correct reported conditions for satisfactory disposition of audit findings. If the corrective action is considered unsatisfactory, hold further discussions to achieve acceptable disposition.
 
Report monthly to the Chief Financial Officer on whether;
  • Appropriate action has been taken on significant audit findings; 
  • Audit activities have been directed toward the highest exposure to risk and toward increasing efficiency, economy and effectiveness of operations; 
  • Internal and external audits are coordinated to avoid duplication;
  • Internal audit plans are adequate
  • Establish quarterly audit plan and audit programs, submitting same to the Chief Financial Officer for review and input and finally an approval from the MD/CEO
  • Follow-up on ALL audits for implementation of recommendations making sure that adequate corrective action is taken and that it is effective.
  • Be the ISO Audit and Certification activities Champion for the company. Coordinating all required deliverables and ensure Global Auditing Standards are employed in the company.
 
III. Reporting and Analysis
  • Develop and Review commercial reports and present to the Management Team and Managing Director and when requested by the Board the following reports but not limited to;
  • Financial Audit Trail
  • Error and Accuracy Trend
  • Review and monitor business operating reports, ensuring effectiveness as to analyze the following;
  • Trend Tracking & Profitability Analysis
  • Efficiency Loss from Projects and Divisions
 
Key Result Areas: 
 
1. Financial Perspective
I. % of Budget vs Actual variance
II. Revenue Assurance Performance
2. Internal Process Perspective
I. Percentage of audit plan achieved (cummulative year to date)
II. No. of Key Inestigations Per Year
3. Customers and Service Efficiency
I. Percentage of recommendations accepted by management
II. Customer satisfaction rating on Post Audit Questionnaires
4. Projects Management
I. Percentage of audit recommendations that have been implemented by the time of the follow-up review
II. No. of cost exceptions per annum
 
Skills, Competencies and Requirements:
 
1. General Requirements:
Demonstrated experience managing ambiguous and change management programs
Ability to analyze financial data 
Demonstrated cross group collaboration and influencing skills
Strong planning, organising and monitoring abilities
Attention to detail, planning, organization, and daily delivery requirements
 
2. Specific Requirements:
Functional Skills and Competencies 
a. Understands Risk Management as a part of day-to-day job with thorough understanding of risk management
b. Experienced in Clear governance and accountability
c. Experienced in linking Financial & Performance Information
d. Understands market and economic factors affecting the strategic plan with strong Capital markets expertise
e. Able to utilize appropriate accounting methodologies leveraging on customer knowledge and insight
f. Understands the needs, drivers, and constraints of stakeholders
g. Understands financial information systems and informational needs of decision makers
 
Qualifications and Experience
a. B.Sc/HND with MBA in Accounting
b. Minimum of 10 years of large project experience, with familiarity in Construction, Oil and Power Industries
c. Required professional membership of ACA and CITN
d. Proficiency in an ERP Solutions
 
3. Desired Personal Attributes:
  • Integrity
  • Results Orientation
  • Strong cerebral capacity
  • Ability to work with all levels of management, build partnerships and teams 
  • Highly organized and significant ability to multi-task effectively
  • Ability to cope with and work under pressure

Job Requirements

Min Required Experience:

10-15 year(s)

Min Qualification:

Not Specified

Desired Courses:

Not Specified

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