Internal Auditor in an Indigenous Pharmaceuticals & Drug Company

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.

Requirements

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