Internal Control / Compliance Officer at Brilliant Performance Solutions Limited

Job Description

• Responsible for the development of policies and procedures, ensures their implementation and monitor compliance.
• Keep the Hotel from engaging in potentially illegal or unethical activities.
• Reviews existing accounting and financial controls, insurance policies and other legal compliance process
• Communicates urgent changes immediately with department managers and staff.
• Works with human resources to update policy manuals and other documentation to ensure immediate compliance by all staff involved.
• Conducts regular internal audits and reviews to assess the compliance of Accounting departments and individual employees.
• Check to ensure that all payments are properly reconciled and posted to the right ledger
• Reviews processes and records to see that accountants are operating in line with generally accepted accounting principles, laws, industry, and company standards. The results of the reviews are shared with managers to aid in feedback, training, and development to ensure greater overall compliance.
• Address specific training and development needs to fill compliance gaps.
• Conduct Market surveys to ensure that the prices and quality of items are right
• Formulates policies and procedures to improve internal controls, compliance,and efficiency.
• Leads the process for internal controls reviews
• Delivers adequate and timely reports on the internal control framework and controls deficiencies to ensure appropriate communication, documentation, and escalation to business partners, senior leadership, and audit committee.
• Delivers adequate and timely action plans and monitor progress to address and resolve control deficiencies.
• Works collaboratively with business and process owners to implement and monitor remediation efforts that result from internal control assessments, ensures the effective implementation of corrective action.
• Identify and evaluate potential risks and vulnerabilities in financial and operational areas of the hotel. This may include areas such as revenue management, expense control, inventory management, and fraud prevention.
• Assess the effectiveness of internal controls in place to safeguard hotel assets, prevent errors, detect fraud, and maintain accurate financial records. This involves reviewing processes, policies, and procedures to ensure compliance with internal and external regulations and industry standards.
• Analyze financial data, including revenue reports, expense statements, and budget variances to identify trends, anomalies, and areas of improvement. Provide recommendations to optimize financial performance and increase efficiency in operations.
• Compliance monitoring: Ensure the hotel's compliance with applicable laws, regulations, and industry guidelines. This may involve monitoring tax compliance, health and safety regulations, labor laws, and privacy regulations.
• Conduct audits of various hotel operations to assess their effectiveness and efficiency. This can include front desk processes, housekeeping procedures, food and beverage operations, and procurement practices.
• Develop and implement procedures to prevent, detect, and investigate fraudulent activities within the hotel. This can include implementing controls, conducting surprise audits, and training employees on fraud prevention.
• Continuous improvement: Work closely with management to identify areas for improvement in processes, controls, and policies. Recommend and implement changes to enhance operational efficiency, mitigate risks, and promote best practices.

Requirements

• Candidates should possess HND / B.Sc Degrees with 5 - 10 years relevant work experience.