Head of Internal Audit / Compliance at Neveah Limited

Brief Job Overview

• We are looking for a Head of Internal Audit /Compliance to join our team, a professional responsible for Performing advanced and/or managerial auditing work for the firms Internal Audit, Internal Control, Risk Management, Compliance, Quality Assurance and Corporate Governance.

Responsibilities
The ideal candidate will (but not limited to):

• Be adept with evolving accounting, regulatory and market developments impacting the CIO and financial units Work with the CFO to develop Organizational financial strategy.
• Monitor and ensure Company-wide compliance with generally accepted accounting principles (GAAP) and company procedures Manager relationships with a company's investors, partners, and other external stakeholders.
• Provide timely and effective communication of audit results and the status of outstanding issues to management, the Audit Committee, and regulators.
• Plan and execute all aspects of audit activities including risk assessments, audit planning, audit testing, control evaluation, audit reporting, work paper documentation, and verification of issue / action plan closures.
• Build internal audit function within the Company including coordinating a smooth transition from current externally run internal audit function.
• Develop and execute a risk-based operational audit plan, including tracking audit findings through to remediation assessing impact of findings on internal control environment and impact, if any, on financial statements.
• Develop and execute a risk-based operational audit plan, including tracking audit findings through to remediation assessing impact of findings on internal control environment and impact, if any, on financial statements.
• Plan and execute all aspects of audit activities including risk assessments, audit planning, audit testing, control evaluation, audit reporting, work paper documentation, and verification of issue / action plan closures.
• Build internal audit function within the Company including coordinating a smooth transition from current externally run internal audit function.
• Develop and execute a risk-based operational audit plan, including tracking audit findings through to remediation assessing impact of findings on internal control environment and impact, if any, on financial statements.
• Managing the audit team so it is resourced with appropriately skilled personnel.
• Acting as a role model for the Global Markets team and the wider GA team.
• Supervise day-to-day operational audit work and contribute to the delivery of audits (including risk assessment profiles and business monitoring).
• Plan audits documenting activity flows of the processes to be reviewed, identify risks and the key actual controls in place to mitigate the identified risks and attend meetings with internal stakeholders as and when required.
• Supervise and ensure daily reviews and reconciliation of financial records and supporting documents.
• Supervise and carry out periodic inventory count at all Neveah's warehouses.
• Preparation of the Annual Internal Audit Work Plan.
• Assist in developing an annual budget based on the planned activities of the Internal Audit function.
• Ensure the implementation of audits plan.
• Review financial reports from External Auditors; conduct follow-up visits to Government Agencies in line with the report and annual audit plan or as the need arise.
• Assist in the review and optimization of all company's assets, consumables, and operational cost; carry out assets verification exercise by regularly interfacing with the Administrative and Logistics Management Department.
• Assist in coordinating and ensure that all recommendations contained in the Audit Report are implemented and monitored adequately.
• Assist in highlighting areas where risks are not identified or where risk management processes could be improved.
• Review and prepare report within stipulated Turn around Time for all operational processes or transactions.
• Assist in the preparation and submission of Quarterly Board Audit Reports
• Support Regulatory Audit: ensure regulators get the required Internal Audit support to complete audit procedures.
• Assist in investigations to ascertain the facts of fraud, irregularities, malpractices, and employee malfeasance and provide remediation steps and investigation report.
• Other duties as maybe assigned.

Qualifications

• A qualified chartered Accountant with 10 - 15 years of experience as an Internal Auditor / Head of Internal Audit in a reputable organization.
• Manufacturing Industry Experience is an added advantage.
• Knowledge of ISO 9001:2015
• Knowledge of auditing standards and procedures, laws, rules, and regulations
• Should possess strong analytical skills, Strategic thinking & Leadership abilities.
• Ability to communicate effectively will be an enhancer for this role especially as a Lead.
• Membership with relevant bodies; IIA

Required Competence:

• Technical Accounting Skills.
• Mastery of Accounting/ Audit Principles
• Solid knowledge of relevant regulatory standards
• Good communication skills, both verbal and written
• Excellent data collection and analysis skills

• Strong attention to detail
• Relevant training and certifications.
• Multi-tasking skills, with the ability to prioritize tasks.

Key Deliverables as a Head of Internal Audit /Compliance:

• Compliance Management to Standard Procedures and Practices
• Accurate Records Management
• Risk Management
• Value Manager:Ensure & support value maximization initiatives (interest, cost saving etc.)
• Co-Strategist:As a Strategist, you will work closely with the Board of Directors and Chief Executive Officer (CEO) to support and execute Company strategies through value-adding decisions, superior data analytics and optimal drive of special projects to growth.