Audit/Internal Control Officer (AICO) Job in an Insurance Company in Lagos

Fosad Consulting Limited - Our Client, a top notch player in the Insurance Industry is seeking to hire apt and dynamic candidates to fill the position below:


Job Title: Audit/Internal Control Officer (AICO)

Location: Lagos, Nigeria
Job Type: Full-time

Job Summary

• The AICO will be stationed to administer audit reports with recommendations to management on all audit assignments.

• The Audit/Internal Control Officer would conduct various operational/technical reviews in line with agreed audit plan.
• Provision of audit reports with recommendations to management on all audit assignments.
• Reviewing the systems established to ensure compliance with those policies, plans, procedures, laws, and regulations that could have significant impact on operations and reports, and determining whether the organization is in compliance.
• Carry out review of Halal Takaful investment fund allocation/portfolio management.
• Conduct periodic review of underwriting and claims operations and procedures.
• Conduct compliance reviews as it relates to statutory and regulatory returns, AML/CFT regulations etc.
• The Audit/Internal Control Officer would conduct daily prepayment checks and vouching of all payments and other capital or overheads requests.
• Documenting and making reports of identified control issues discovered in the course of the vetting process and how they were resolved.
• Responsible for conducting value for money audit on major capital expenditures and projects.
• Evaluates the Internal Control system in the Company and recommending improvements / changes where and when necessary.
• Conduct quarterly Branch Audit exercise on assigned region in line with the agreed performance contract and other special investigations determined by Management.
• Develop relevant audit programmes in line with specific audit objectives and risk analysis.
• Suggesting to the Head of Internal Audit relevant controls that would help in militating against identified risks or gap in the process flow.
• Responsible for conducting various IT audits and reviews with key emphasis on IT corporate governance, adequacy of current hardware and software applications architecture and business support from vendors.
• Conduct Shariah Compliance reviews of the Halal Takaful businesses from time to time as agreed with the Advisory Council of Experts; perform scheduled review of the process flow and recommend alternate methods to further improve turnaround time and service delivery.

• HND / BS.c in Banking and Finance, Economics or any Social Science related field
• Professional Certification; ICAN, ACCA, CISA, CIA etc.

• A minimum of 2-3 years' relevant audit experience in a financial institution or external audit firm.
• Experience in basic accounting and insurance software applications etc.

• Very Good Communication skills (English): Spoken and written
• Advanced Analytical Skills
• Moderate Negotiation Skills
• Very Good Presentation skills
• Very Good IT skills
• Very Good Report Writing