Internal Auditor at 21 Search Ltd

Job Description

• We are looking for an experienced Internal Auditor who will be responsible for conducting independent and objective assessments of the organization's financial, operational, and compliance processes.
• This role involves evaluating the effectiveness of risk management, control, and governance processes to ensure the organization operates efficiently and ethically.
• The Internal Auditor will prepare reports on audit findings, recommend corrective actions, and provide insights to improve business operations and reduce risks.

Key Responsibilities

• Develop and implement internal control policies, procedures, and processes across the organizations, ensuring compliance with regulatory requirements and industry best practices. This includes designing control frameworks, assessing risks, and identifying control gaps specific to inventory management in different businesses.
• Conduct comprehensive risk assessments specific to businesses within the group, including analyzing potential risks.
• Evaluate existing controls and recommend improvements to mitigate identified risks effectively, considering the unique challenges of managing inventory in each business.
• Monitor and enforce compliance with internal control policies, regulatory guidelines, and legal requirements related to the businesses.
• Regularly review processes, transactions, and documentation of the businesses to identify any non-compliance issues and initiate corrective actions as necessary.
• Plan and execute internal audits of the businesses to assess the effectiveness of controls and identify areas for improvement.
• Prepare audit reports detailing findings, recommendations, and action plans for each business. Communicate audit results to management and stakeholders, taking into account the specific needs and challenge of the businesses.
• Continuously evaluate and enhance processes and controls of businesses efficiency, reduce costs, and mitigate risks.
• Identify opportunities for standardization and streamlining of procedures across businesses, while also addressing business-specific needs and challenges.
• Develop and deliver training programs tailored to the unique requirements of managing the businesses. Educate personnel on internal control policies, procedures, and practices to ensure consistent adherence and understanding across the businesses.
• Collaborate closely with business partners and teams responsible for inventory management across the business to align internal control initiatives with business-specific operational goals and challenges.
• Communicate effectively with stakeholders of business to promote awareness, cooperation, and buy-in for control initiatives, taking into account the diverse needs and perspectives of the businesses.
• 1Maintain accurate and up-to-date documentation of internal control processes, policies, and procedures.
• Ensure that records are organized, accessible, and compliant with recordkeeping regulations across businesses.
• Leverage technology tools and systems to enhance internal controls and automate control processes where applicable.
• Identify potential fraud risks and develop strategies to prevent, detect, and mitigate fraudulent activities.
• Collaborate with relevant stakeholders to implement fraud prevention measures and strengthen controls.

Qualifications

• HND / B.Sc in Accounting / Finance, or related field.
• 5 years experience in internal controls, risk management, or audit functions or in a related field
• Professional certification such as Certified Internal Auditor (CIA), ICAN ACA, ACCA, or equivalent is preferred.
• Proven experience in internal auditing, risk management, or related fields.
• Strong knowledge of auditing standards, procedures, laws, rules, and regulations.
• Proficiency in using software applications for data analysis and reporting (e.g., MS Excel, accounting systems, data analytics tools).
• Excellent analytical, organizational, and problem-solving skills.
• Proficiency in using audit management software and Microsoft Office Suite.
• Ability to work independently and as part of a team.
• High level of integrity and professionalism.
• Ability to handle confidential information with discretion.