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Internal Auditor in an Indigenous Pharmaceuticals & Drug Company

Feb 26, 2020, 3:02 PM
Fadac Resources and Services - Our client, an Indigenous Pharmaceuticals & Drug Company due to an expansion, is recruiting to fill the position below:  
Job Title: Internal Auditor Location: Lagos
Job Responsibilities
  • Ensure overall process compliance with established policies and controls as well as regulatory/statutory stipulations and guidelines.
  • Commission/approve the conduct of routine and special investigations ensuring standard procedures are adhered to.
  • Review audit reports and work papers ensuring professional standards are not compromised and that conclusions and recommendations are adequately supported.
  • Ensure the timely resolution of investigated items, audit/review points and other key exceptional issues/matters.
  • Foster and maintain business relationships with relevant institutions and ensure the business is abreast of and in compliance with regulatory changes impacting its operations.
  • Manage the interface between the department and other divisions/functions in the organization to ensure smooth functioning of the department.
  • Initiate periodic meetings and liaise with interfacing departments to define, appraise or revise service levels.
  • Advise the organization, BOD, on good governance and best practices in business risk management.
  • Provide input and be proactively involved in the development of the business continuity plan.
  • Coordinate and oversee the development of the departmental budget and contribute actively to the preparation of the organisationТs budget.
  • Monitor actual activity and performance levels against the agreed budget and take appropriate corrective action to ensure a cost-justified execution of the departmental activities.
  • Review and authorise key expenditures/transactions of the department in line with approved departmental budget and the organisationТs manual of authority.
  • Provide leadership and guidance to the unit heads and coordinate activities within the department to ensure compliance with internal policies and procedures as well as regulatory and statutory requirements.
  • Monitor and oversee the performance of subordinates ensuring compliance with approved performance standards.
  • Ensure that daily, weekly or monthly activity status and performance reports for the department are prepared for the attention of the Executive Director and other relevant parties.
  • Develop risk management strategies to mitigate identified risks for the entire company operations;
  • Conduct orientation of relevant parties on new processes, policies and controls across the entire company.
  • Periodically review the departmentТs policies and procedures and recommend improvement opportunities to the Executive Director.
  • Oversee the implementation of policy amendments once relevant approvals have been obtained.
  • To carry out an independent appraisal of the effectiveness of the policies, procedures and standards by which the financial, physical, human and information resources are managed.
  • To ensure strict adherence to internal policies and procedures, controls, regulations and maintenance of quality service delivery within the company
  • Participate and provide input in the articulation and development of the Internal Audit, Compliance & Risk Management departmental strategy.
  • Champion the articulation and development of departmental plans, programs and strategies to facilitate the realization of the Internal Audit, Compliance & Risk Management, and organization-wide strategies.
  • Demonstrate ownership and communicate the departmentТs strategic direction and objectives to all staff ensuring mutual understanding of roles, responsibilities and accountabilities.
  • Provide broad guidelines for the articulation of the departmentТs policies, procedures and guidelines and monitor and ensure compliance by all staff.
  • Designs, implements and continuously reviews internal control and audit procedures to cover all functional areas/inter-company relationship and/or transactions/staff audit, etc.
  • Establishment and Implementation of a sound internal control systems in line with our operational activities requirements.
  • Continually communicates key company controls, policies and approval limits.
  • Documents evidence arising from audit and provides internal audit recommendations to the BOD, executive management and management of the operating units for review and approval.
  • Conduct thorough and objective examination of financial and non-financial transactions and records.
  • Maintain regular updates on trends and advances in global risk management and ensure the knowledge and relevant information is communicated to business managers within and outside the department.
  • Oversee the standardization of control processes and practices, as well as application of relevant control tools and techniques within the organization.
  • Prepares and presents audit and risk assessment reports identifying weaknesses and suggesting new procedures, controls and policies to the BOD and executive management of the company.
  • Serve as key information node for disseminating new and revised operating policies and procedures as well as improvements/changes in control/monitoring tools, techniques and approach.
  • Coordinate departmental involvement to identify control implications of process improvement/redesign and systems upgrade/implementation efforts and ensure the adequacy and sufficiency of the controls.
  • Good grasp of Accounting standards/conventions
  • Excellent knowledge of accounting systems of the company
  • Policies and processes development knowledge, management and application
  • Professionalism
  • Ability to uphold and abide by the ethics of the profession
  • Possession of sound knowledge of the manufacturing industry
  • Good budgeting knowledge
  • Excellent Communication Skills (written and oral)
  • A good first degree in any Management Science / Social Science related discipline preferably in Accounting or Economics.
  • Minimum of eight (8) years post-graduate experience with a minimum of six (6) years in a similar position.
  • Possession of at least one of these Professional qualification e.g. ACA, ACCA, CISA, CFA is mandatory and will be an added advantage
  • Risk management
  • Ability to eliminate or reduce risk of the company to the barest minimum
  • Excellent knowledge of Internal Audit and Risk Management procedures
  • Financial management
How to Apply Interested and qualified candidates should: Click here to apply

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