Head, Internal Control Officer Job at Audacious Business Concept Limited, 20th June, 2018

⏲ Jun 20, 2018, 3:25 PM
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Audacious is Nigeria's fastest growing fashion retail organization. The company retails female apparel (casual, business Casual, business) to the discerning woman. Audacious currently has Ten outlets in different locations in Nigeria and plans to add more before the end of year 2018. We are very conscious of the importance of a convenient shopping experience for our clientele, this is why all our outlets are in the prime malls in the country. We require qualified candidates to fill the role below: Job Title: Head, Internal Control Officer Location: Lagos Job Description

To Manage the Internal Control function for Audacious Business Concepts Ltd and sister companies.
To ensure that the Internal Control function provides an independent assessment of Audacious internal systems and controls, including the systems for appropriate identification and evaluation of risk and for ensuring compliance with all applicable laws and regulations.
To draw any weaknesses or shortcomings noted to the attention of management.

Access

The internal audit function has unrestricted access to any of Audacious people, systems and records.

Key Job Responsibilities/Accountabilities

Overseeing the personnel and daily activities of the internal control department.
Ensuring adherence to laid down policies and procedures.
As a member of any relevant committee to which the post holder may be appointed during the course of the year, to be familiar with the terms of reference and responsibilities, and to participate by attendance, reporting and challenge at meetings and accept collegiate responsibilities for decisions made.
Recommending changes to policies and procedures where necessary.
Coming up with new policies and procedures where necessary.
Apply a risk based approach to the review of the systems and controls of Audacious group through the implementation of an annual programme of audit review work
To discuss the findings of audit reviews with management on a constructive basis in order to develop the most appropriate, proportionate solutions to issues arising.
To report the results of audit reviews, including management responses and proposed action plans to address issues arising to the Board of Directors
To perform ad hoc investigations and reviews at the request of the Board.

Specific Responsibilities Inventory:

Responsible for coordinating monthly stock take activities in all Audacious locations
Responsible for ensuring accuracy of inventory transactions in Audacious HQ (Receiving/Transfers/warehousing)

Accounting:

Ensure accuracy of vendor balances
Review documentation procedure for the unit to ensure that proper documentation is carried out.
Review payment procedure to ensure that all regulatory deductions (VAT/WHT etc ) are complied with.
Liasing with External Auditors and regulatory authorities.
Responsible for confirming the accuracy of reports submitted by the accounting/finance function.
Responsible for reviewing and calling over transactions posted by the accounting function into the ERP solutions.
Responsible for carrying out value for money audits on all expenses/capital expenditure by management through the finance function.
Ensuring that Finance/Accounts Department follows due process in carrying out its responsibilities.

Human Resource:

Review Documentation to ensure that all staff and associated documentation are in place and up to date
Ensure compliance with laid down HR policies and procedures
Review monthly payroll for completeness and accuracy before payment by finance

Information Technology

Review Documentation and password policy to ensure that all associated policies and procedures are complied with.
Review user rights on all solutions to ensure compliance with policies and procedures governing access

Sales Floor and Sales Management:

Daily review of branch sales records for compliance with policies governing
Review of Clock in devices to ensure compliances with shift times
Conduct Snap checks on branches to ensure compliance with shop floor rules and regulations.
Review Transfer documentation with physical receipts to ensure that all goods transferred to branches are received in total and in good condition.
Discounts
Loyalties
Returns
User rights
Customer set ups