JOB POSTING

An Oil and Gas Company is seeking an experienced Head of Internal Audit and Compliance (HIAC) to provide oversight of the company’s audit functions, focusing on detecting and mitigating theft, ensuring product integrity, and preventing unauthorized product dumping at retail outlets.

JOB SCOPE:

The HIAC aims to safeguard company assets, enhance risk management, and uphold regulatory compliance within the company and its the retail network. This HIAC should result in risks and vulnerabilities being identified, and processes and procedures being adjusted to mitigate the observed threats. The HIAC should also ensure all employees are compliant with company’s policies in the exercise of their duties.

The HIAC should work in close consultation with HR to recruit a team of Audit and compliance staff for the smooth implementation of its function.

DUTIES AND RESPONSIBILITIES:

Audit:

• Conduct formal audits assigned by the shareholder across the full spectrum of the audit of planning, field work, and reporting.
• Identify and investigate potentially fraudulent activities or financial irregularities.
• Assist in planning audits, developing audit programs, and perform audit field work, including process documentation, control evaluations, and client interviews.
• Evaluate internal control systems and ensure adherence to applicable laws and regulations.
• Conduct system audit on all Aminata wide systems. (Example: Accounting and stock tracking systems).
• Conduct stock audits at the stations following all existing Standard Operating Procedures.
• Monitor and implementation of audit recommendations and execute remedial actions.
• Assist all levels of the business in identifying the actions required to improve risk-based issues/practices that need to be addressed.
• Stay updated with the latest industry regulations and best practices in internal auditing.
• Coordinate in the investigation of potential integrity situations.

Compliance:

• Develop a compliance dashboard to monitor all deadlines for activities and follow-up with respective units to compliance.
• Follow through on policy guidelines and ensure line managers are working in keeping with established policy requirements. This shall include control over expenditure to ensure it matches with the budget and also ensuring that credits are granted in keeping with established policy.
• Develop policies for proper internal control where weaknesses are identified.

ACCOUNTABILITIES:

• Improving the internal controls system at the company
• Prevent losses by implementing sound auditing systems.
• Delivering budgeted results
• Control of financial exposure
• Provide periodic audit reports to the management, Board of Directors and Shareholders where applicable.

QUALIFICATIONS/EXPERIENCE REQUIRED:

• Bachelor’s degree in finance, accounting or a related field.
• Professional certification, such as CIA (Certified Internal Auditor) or CA (Chartered Accountant).
• 5+ years of experience in internal auditing or related financial roles.
• Strong understanding of international accounting standards, taxation and regulatory requirements.
• Proficiency in using audit management software and data analysis tools.
• Experience in developing and executing audit plans and evaluating internal controls systems.
• Proficiency in preparing and reviewing financial documents and audit reports.
• Strong communication and interpersonal skills to effectively collaborate with stakeholders at all levels.
• Excellent analytical, problem-solving and critical thinking skills.
• Ability to work independently or in a team.

Only candidates possessing the requisite experience are required to apply, and should submit their cover letters, indicating the position for which they are applying and their unique qualifications for the position, along with academic qualifications (copies of degrees obtained and relevant certificates), three references, and a resume. Resume/CV must contain a cell phone number as well as an email address. Only shortlisted candidates will be contacted for an interview.

A criminal background investigation and educational verification will be conducted on all finalists for each position.

Interested applicants must apply no later than 4:00 PM on Tuesday, February 18, 2025, by 5:00 PM GMT to tnw1906@gmail.com. Please insert “Internal Auditor” in the email subject line.