Head, Internal Audit & Control at Lagos Building Investment Company Plc

Lagos Building Investment Company Plc (LBIC) was established as a corporate entity on the 14th February 1980 with the aim of providing Mortgage Finance Facilities to allottees of the various Low- Cost Housing Schemes built by the Lagos State Government (between 1979-1983). With the promulgation of the Mortgage Institution Act No.53 of 1980, the company became a full-pledged Primary Mortgage Bank (PMB), subsequently; it extended granting of mortgages to the middle- incomes segment.

Our client is partly owned by Lagos State Government, but runs with its own executive management and structure. Our company is a mortgage bank that has been in existence for over three decades.

We are recruiting to fill the position below:

Job Title: Head, Internal Audit & Control

Location: Lagos
Employment Type: Full-time

Job Summary

• The Head, Internal Audit & Control provides shareholders, Board of Directors and Executive Management with an independent view of the operational and financial performance of the company.
• He determines the extent of compliance with controls and established policies, plan and procedures and report on the effectiveness and exceptions.
• Examines and analyzes accounting records to determine financial status of establishment and prepare audit reports concerning operating procedures.

Job Responsibilities

• Prepare detailed reports on audit findings.
• Report to the Leadership about asset utilization and audit results, and recommend changes in operations and financial activities.
• Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
• Supervise audit of the company and determine scope of investigation required.
• Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
• Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
• Confer with Leadership about financial and regulatory matters.
• Examine records and interview workers to ensure recording of transactions are in compliance with laws and regulations.
• Review the company’s operational and financial activities, controls, systems and procedures and recommends improvements.
• Issue audits reports to the leadership and the Board of Directors on a timely and scheduled basis.
• Liable with the company’s external auditors to conduct the annual financial audits and prepare financial reports.
• Appraise, train and ensure the professional development of the Audit department’s personnel in accordance with company’s policies and procedures.
• Coordinate the development and sharing of relevant risk management and financial control policies, processes and procedure with all business units within the company.
• Ensure that AML/CFT and CBN Returns are accurate and sent in a timely manner.
• Examine inventory and verify inventory records.
• Conduct pre-implementation audits to determine if systems and programs under development will work as planned.
• Direct, plan and coordinate the audit of various Business, Finance, Accounting functions and ensure maintenance of correct financial records.
• Review activities of Finance Department to ensure adherence to company’s financial policies and procedures.
• Propose and obtain approval for the company’s audit programme from the MD/CEO and Board Audit Committee.
• Other duties assigned by MD/CEO and Board Audit Committee.

Job Requirements

• Candidates should possess a Bachelor / Master's Degree or HND with 7-15 years work experience.

Job Knowledge:

• Knowledge of Nigerian Mortgage Banking Industry / Banking Industry
• Financial and Management accounting
• Audit Principles and procedures.
• Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, leadership technique and coordination of people and resources.
• Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders and agency rules
• Financial Accounting Standards
• Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

Job Skills:

• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Speaking - Talking to others to convey information effectively.
• Writing - Communication effectively in writing as appropriate for the needs of the audience.
• Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions
• Active Learning - Understanding the implications of new information for both current and future problem-solving and decision making.
• Judgement and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
• Negotiation - Bringing others together and trying to reconcile differences.
• Social Perceptiveness - Being aware of others’ reactions and understanding why they react as they do.
• System Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
• Instructing - Teaching others how to do something.
• Service Orientation - Actively looking for ways to help people
• Systems Evaluation - Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
• Time Management - Managing one’s own time and time of others.
• Monitoring - Monitoring / Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective actions.
• Persuasion - Persuading others to change their minds or behavior.
• Coordination - Adjusting actions in relation to others’ actions.
• Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.

Job Requirement / Work Styles:

• Integrity - Job requires being honest and ethical.
• Analytical Thinking - Job requires analyzing information and using logic to address work-related issues and problems.
• Leadership - Job requires a willingness to lead, take charge, and offer opinions and direction.
• Initiative - Job requires a willingness to take on responsibilities and challenges.
• Attention to Detail - Job requires being able careful about detail and thorough in completing work tasks.
• Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations.
• Achievement/Effect - Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
• Persistence - Job requires persistence in the face of obstacles.
• Stress Tolerance - Job requires accepting criticism and dealing calmly and effectively with high stress situations.
• Self-Control - Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
• Innovation - Job requires creativity and alternative thinking to develop new ideas for and answers to work-related problems.
• Concern for others - Job requires being sensitive to others’ needs and feelings and being understanding and helpful on the job.
• Social Orientation - Job requires preferring to work with others rather than alone, and being personally connected with others on the job.
• Adaptability/Flexibility - Job requires being open to change (Positive or negative) and to considerable variety in the workplace.
• Cooperation - Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
• Independence - Job requires developing one’s way of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.

How to Apply
Interested and qualified candidates should send their Applications to: [email protected] using the Job Title as the subject of the email

Application Deadline  30th November, 2021.