Rainoil Limited Vacancy for an Internal Auditor

Rainoil Limited is a leading downstream oil marketing company; primary products which include (PMS), Diesel (AGO) and Kerosene (DPK).


We are recruiting to fill the position of:

Job Title: Internal Auditor

Location: Lagos

Job Summary

• To provide independent, objective assurance on Interswitch compliance with statutory requirements, policies and procedures thereby minimising exposure to potential risks and impact on business performance

• Assists in the implementation of internal control policies and procedures to ensure compliance and promote operational efficiency & transparency
• Gathers data for internal audit through a variety of methods including interviews, financial research, downloads, etc.
• Verifies the existence of documents vital to the operations of the various functions in Rainoil
• Evaluates operations or programs to ascertain whether results are consistent with established processes, objectives and goals and whether the operations or programs are being carried out as planned.
• Follows-up on the implementation of the audit recommendations and ensures that improvements are made to reduce the residual risks to appropriate levels
• Generates periodic reports on internal audit activities for review by the Audit Team Lead
• Conducts Internal Control evaluation and risk assessments to identify loopholes and areas  requiring management intervention to prevent frauds, embezzlements, misappropriations,  misuse and wastage
• Conducts audit tests and investigations as designed by the Audit Team Lead
• Prepares draft audit reports for review by the Team Leads
• Evaluates information security and associated risk exposures
• Coordinates and participates in periodic inventory count and fixed asset verification exercises.
• Evaluates the means of safeguarding company assets and as appropriate, verifies the existence of such assets

• Minimum of Four (4) years relevant experience working in the internal audit function of a similar organisation
• Minimum of Bachelor’s Degree/HND in Accounting or any finance related course.
• Relevant professional certifications e.g. Institute of Internal Auditors (IIA), Institute of Chartered Accountants of Nigeria (ICAN) or Association of Certified and Chartered Accountants (ACCA), Certified Information Systems Auditor (CISA).

• MBA or Master’s degree in any related discipline