Financial / IT System Audit Manager at Food Concepts Plc

Job Purpose

• To plan, design, implement and co-ordinate internal audit functions including Financial and Systems Audit across the business.

Core Responsibilities and Key Result Areas
IT:

• Examine IT controls, evaluate the design and operational effectiveness, determine exposure to risk, and develop remediation strategies.
• Performs information control reviews to include system development standards, operating procedures, system security, programming controls, communication controls, backup and disaster recovery, and system maintenance.
• Performs general and application control reviews for simple to complex computer information systems.
• Test and identify network and system vulnerabilities and recommend counteractive strategies to protect the network.
• Execute some audit tests for the technology-focused audit projects on own audits or under the direction of another lead auditor when technical expertise will maximize audit objectives.
• Assists other audit staff in the use of computerized audit techniques, and in developing methods for review and analysis of computerized information systems.
• Maintains currency of knowledge with respect to relevant state-of-the-art technology, equipment, and/or systems.

Financial:

• Proactively monitor internal controls and provide independent assurance on the effectiveness and efficiency of operating systems, recommending changes where necessary and as required. The scope of such reviews shall include but not be limited to accounting process reviews, process streamlining and systems automation projects
• Report on company’s compliance with IFRS (International Financial Reporting Standards).
• Ensure and monitor stores’ compliance and Departments’ to Company policies, procedures, and systems
• Plan, organise and execute audit of the company’s financial statements in line with IFRS (International Financial Reporting Standards).
• Audit the company’s financial operations across departments and divisions.
• Prepares audit findings memoranda and working papers to ensure that adequate documentation exists to support the completed audit and conclusions.
• Prepares and presents written and oral reports and other technical information in a pertinent, concise, and accurate manner for distribution to management.
• Monitor the implementation of internal audit recommendations to ensure the satisfactory resolution of identified significant issues

Advisory:

• Assist management in the identification of business improvement opportunities with respect to information technologies.
• Review and report on the accuracy, timeliness and relevance of the financial and other information provided to management for decision making.
• Proactively identify trends and issues from audit findings and formulate recommendations for improving internal controls and addressing identified weaknesses/gaps across all locations/markets in which the company operates.
• Participate in the change management process.
• Provide recommendations and guidance on identified security and control risks.

Key Performance Indicators

• Rate of compliance with external compliance regulatory agencies
• Accuracy / Quality of revenue Assurance
• Quality of business improvement opportunities provided
• Accuracy, timeliness, and relevance of financial information
• Number of identified system/controls and accepted recommendations.
• Rate of compliance with external compliance regulatory agencies.
• Periodic review of company’s financial statements / Management accounts.

Decision Expectations:

• Acts on defined procedures and decisions
• Enforces agreed decisions
• Plans own work schedule and work schedule of subordinates
• Recommends business improvement opportunities
• Monitors the implementation of internal audit recommendations
• Maintains the company’s quality management system.

Job Specifications
Educational Requirements:

• A good First Degree in Accounting or related areas.
• Possession of a Master’s Degree in Business Administration or related degree is an added advantage

Professional Requirements:

• Professional Membership of ICAN and Certification / Licensure Certificate
• Information Systems Auditor (CISA) are mandatory.

Experience Requirements:

• 5 - 6 years experience in a similar role, especially in the Auditing firm.

Knowledge Requirements:

• Ability to perform control reviews on systems development, operation, programming, control, and security procedures and standards.
• Ability to review system backup, disaster recovery and maintenance procedures.
• Knowledge of software requirements for the auditing of computing systems and procedures.
• Knowledge of computer systems development and programming.
• Ability to evaluate and review a range of mainframe, PC, and distributed production and applications computer systems.
• Knowledge of auditing techniques and practices.
• Knowledge of the QSR/Food Industry practices.
• Knowledge of current technological developments/trends in area of expertise.
• Knowledge of Fundamentals of Accounting, auditing concepts and principles.
• Knowledge of laws, regulations, and standards governing all aspects of the utilization of computer systems.

Contacts and Purpose of Contact
Internal Contacts (most frequent contacts):

• Executive Management
• Employees

External Contacts (most frequent contacts):

• Service Providers/ Vendors
• Regulators

Purpose of Contact:

• Exchange or provide information
• Obtain, clarify, and discuss information
• Present, discuss information and problems
• Collaborate, negotiate and present ideas
• Deal with, influence or motivate subordinates
• Promote, justify or settle highly sensitive matters.

Working Conditions

• Job holder typically work 40 hours per week, Monday to Friday, although there may involve weekend or evening work. This role is largely office-based, although at times the individual may require travel to meetings held off-site, as the company has more than one office. The role requires precision and attention to detail, as it involves managing risks.