About Company

Job Description/Responsibilities

We are seeking an experienced Internal Audit Officer to join our team. The ideal candidate will be responsible for conducting thorough internal audits to ensure compliance with company policies and regulatory standards, identifying potential risks, and recommending effective solutions. This role will work closely with various departments to promote a culture of compliance and risk awareness, while maintaining the integrity of the company’s financial and operational processes. Key Responsibilities: In this role, you’ll be responsible for; • Conduct internal audits to assess compliance with company policies, procedures, and internal control frameworks. • Evaluate the effectiveness of risk management processes and identify potential control weaknesses. • Investigate and document non-conformances, recommending corrective actions and ensuring timely follow-up. • Analyze audit findings and prepare comprehensive reports with actionable recommendations for improvement. • Collaborate with various departments to promote a culture of compliance, risk awareness, and internal controls. • Stay current on relevant industry regulations, auditing standards, and best practices in compliance. • Liaise with external auditors to support and streamline the external audit process. • Review investment portfolios, ensuring compliance with regulatory standards and monitoring investment thresholds. • Monitor financial transactions and postings in the application software for accuracy and regulatory compliance. • Conduct value-for-money and best-value audits across departments and branches. • Perform weekly reviews of payments, receivables, commissions, and claims processes. • Scrutinize invoices, payment requests, and marketing findings, recommending appropriate cost adjustments. • Review administrative department processes to confirm compliance with internal standards. • Monitor office ambience and adherence to clean desk policies, ensuring a professional environment. • Report anomalies and deviations to the Head of Department or CEO with recommendations for corrective actions. • Conduct ongoing reviews of departmental standard operating procedures (SOPs) to ensure compliance. • Review payment vouchers, cheque books, and underwriting documentation on a regular basis. • Prepare monthly reports on outstanding premiums, escalating overdue amounts to management. • Support operational audits in line with the audit plan and program.

Job Requirements

• Bachelor’s Degree in Accounting, Business Administration, or a related field. • Minimum of 6 years of experience in internal auditing, compliance, or a similar role. • In-depth understanding of audit methodologies, risk management, and regulatory compliance within financial institutions, insurance, trust companies, or capital markets. • Familiarity with NAICOM rules, regulations, and reporting requirements. • Strong analytical, problem-solving, and critical thinking skills. • Excellent attention to detail and a commitment to accuracy. • Strong communication and interpersonal skills, with the ability to present findings to management effectively. • Ability to work independently as well as collaboratively within a team. • Professional certifications such as Certified Internal Auditor (CIA) or Certified Public Accountant (CPA)/ICAN license are preferred.

Skills

• Accounting
• Accuracy
• Administration
• Attention to detail
• Communication
• Critical Thinking
• Documentation
• Management
• Marketing
• Monitoring
• Software