• Application Deadline: Mon, 12 Dec 2022 00:00:00 GMT
• Position: Internal Control Manager


• Job Type Full Time


• Qualification BA/BSc/HND , MBA/MSc/MA


• Experience 8 years


• Location Lagos


• City Victoria Island


• Job Field Finance / Accounting / Audit 
  


• Salary Range ₦400,000 - ₦500,000/month
  

Job Summary

• The Internal Control Manager is responsible for the development and implementation of the Internal Control and Compliance Framework of Hartleys Supermarket and Stores.


• The job holder will develop policies and procedures and monitor compliance in line with external regulations.

Responsibilities

• Prepare Internal Control plan and provide oversight and direction in the execution, and reporting of internal Control engagements and projects within established timelines and budgets


• Conduct periodic financial, compliance, operational and special audits and carry out investigations into reported irregularities, as required.


• Review analyses of non-conformities, discuss audit findings across the organization and suggest recommendations.


• Report to the Audit Committee of the Board of Directors regarding internal control matters, results of audit reviews, the progression of audit plan and any other matters of discussion.


• Stay abreast of industry trends and changing regulatory guidelines to enable the development and implementation of appropriate control measures and monitoring mechanism as well as their continuous update / revision.


• Attend and participate in relevant meetings with key stakeholders.


• Developing and executing internal control activities, consult with management on strategic plans and other business matters, and anticipate emerging risks.


• Documenting and testing business process and IT controls that support key operations.


• Evaluating control deficiencies, and monitoring remediation actions, timelines, and progress.


• Proactively inform senior management of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention.


• Facilitate continuous identification and periodic assessment of business risks in the operating environment and update the risk registers.


• Monitor and report on key risk indicators (KRIs) and implementation of risk mitigation strategies.


• Ensure appropriate level of communication is maintained on Internal Control matters to support the framework and ensure appropriate ownership and accountabilities from management and managers.


• Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.


• Prepares monthly exception reports and presents to the Group Managing Directors.


• Apply a rigorous and efficient risk-based audit approach which delivers robust assurance on the effectiveness of risk management and control measures.


• Build and manage great relationships with business partners, providing insights and challenges that enable them to proactively manage performance.


• Deliver insights that are highly valued, identify root causes, share best practices and lead to business improvement.


• Perform scheduled and unscheduled (spot checks) audit visits to Frutta Factory, Warehouse, Key Distributors, Hartleys Supermarkets floor, warehouse and its environments.


• Maintain the whistle-blowing channels of the Company and provide periodic reports to the Board.


• Conduct investigations on reported cases of fraud and misconduct and prepare investigation reports.


• Flexibility to carry out any other task as requested by Management and Board of the Group.

Key Performance Indicators

• Adequacy of the internal audit and control plan.


• Level of execution/achievement against the IARC plan.


• Accuracy, timeliness, and completeness of reports.


• Number and significance of issues/ inconsistencies and process improvement opportunities identified in business processes.


• Frequency of incidences of control failure.


• Adequacy and timeliness of follow-up on regulatory and statutory filings.


• Magnitude of calculated losses due to fraud and other control failures.


• Number or frequency of queries.


• Number of unresolved cases to identified issues.


• Number of control improvements implemented annually in line with best practice recommendation.


• Decline in code of conduct violations reported via the whistle-blowing channels.


• Number of whistle-blowing cases closed out.


• Turnaround time for cases under investigation.


• Other KPIs as may be defined in line with changing business environment.

Qualifications

• First Degree in Accounting.


• Master’s Degree will be an advantage.


• Professional accounting certification, e.g. ACA, ACCA, CPA, CIMA, CISA, CIA or other relevant higher business degree as an added advantage.

Experiences (What experience brings success to this role):

• Minimum of eight (8) years internal audit and control experience across Retail Sector, with at least three (3) years at managing the strategic direction of a business risk unit.

Knowledge (What does the person need to know):

• Knowledge of internal audit methodologies, corporate governance procedures and accounting standards.


• Demonstrated understanding of operational dynamics.


• ISO/quality knowledge and Working knowledge of: Microsoft office suite, ICT and tech-based audit techniques; Data collection and analysis tools and techniques; Accounting frameworks, tools and techniques; Governance risk and control tools and techniques; Risk analysis and control assessment techniques.


• Policy and regulatory knowledge interpretation and application.


• General operations.

Technical / Behavioural Skills:

• Multi-disciplinary disposition


• Business acumen and Project management.


• Excellent report writing, presentation and communication skills.


• Good knowledge and hands on practical experience and use of accounting packages and systems.


• Forensic skills and fraud awareness.


• Good decision making and problem-solving skills.


• Good leadership and people management skills.


• Personable


• Leadership


• Integrity


• Confidentiality


• Objectivity


• Attention to details


• Performance under pressure


• Excellent interpersonal skills


• Multi-tasking disposition


• Independent minded


• Persuasion and Collaboration.

Salary

N400,000 - N500,000 monthly.