Audit Officer at FoliXx Hospitality

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
1 year ago

Additional Details

Job ID
111311
Job Views
50

Job Description






Key Responsibilities:



Internal Auditing:




  • Conduct scheduled and surprise audits on financial records, inventory, sales, cash handling, and other operational aspects of the QSR.

  • Ensure that all transactions and procedures are accurately documented, authorized, and in compliance with internal control policies.

  • Perform audits of restaurant POS (Point of Sale) systems and financial reports to identify discrepancies or inefficiencies.



Compliance Monitoring:




  • Monitor adherence to local regulatory and health and safety standards.

  • Review compliance with food safety, employee welfare, and environmental policies in all restaurant locations.

  • Assist in the preparation of reports for management regarding compliance violations or areas of concern.



Risk Management:




  • Identify operational risks, such as inventory discrepancies, fraud, or theft, and provide recommendations for improvements.

  • Analyze internal control systems and recommend adjustments to safeguard company assets and reduce operational risks.



Financial Analysis:




  • Review financial statements, expense reports, and management accounts for accuracy.

  • Evaluate cost controls, revenue management, and profit margins, providing insights on areas for improvement.

  • Assist in financial forecasting and budgeting processes.



Reporting & Documentation:




  • Prepare detailed audit reports highlighting findings, risk assessments, and actionable recommendations.

  • Present audit findings to senior management, providing guidance on corrective actions and risk mitigation strategies.

  • Maintain comprehensive audit trails and documentation for all audits conducted.



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