Internal Auditor at Banyi Lifestores Pharmacy

About the Role

We are looking for a candidate who is analytical, focused, well-organized, self-motivated, and commercially savvy individual who will be responsible for managing and advising the management team  in performing financial, compliance, performance, operational, inventory and System(ERP)audits for the Company to determine compliance with rules and regulations, reporting and to provide assurance on the reliability, accuracy and completeness of records.

Inventory audits

• Monitoring the flow of inventory across Lifestores chains of pharmacies.
• Responsible for continuous accuracy check of perpetual inventory stock quantity records for material control and accounting purposes, notify store managers of wrong prices and identify stocks products without barcode.
• You will also investigate discrepancies, locates error sources from inventories, and initiates corrective actions.
• Advising the management on observable inventory problems and recommend improvements to the system.
• Recommends and participates in the implementation of inventory system improvements, as necessary.
• Initiating and Coordinating loss prevention strategies and techniques across stores to avoid or minimize potential loss of revenue.
• You will be performing Spot checking on products (analysing them according to price, fast moving, etc) and cash handling adherence across the stores, giving feedback to the management team.
• Verifying goods receipts on ERP to reconfirm the price, quantity, and vouching vendor invoices across stores to avoid revenue loss.
• Carry out audit on Returns and Credit Note by validating all goods returned by customers or to vendors are logged and reviewed during the appropriate accounting period to ensures they are reflected on the overall valuation figure, credit note are directly linked to goods receipts and approved by responsible manager.

Payment audits:

• Process a comprehensive accounts payable check run on vendors payment and providing report on it.
• Performs detailed audits on all invoices to ensure the accuracy of expense line items, approval authority, invoice number, invoice date, invoice amount and purchase order requirement.
• Applies the knowledge of purchasing policies / procedures requirements when auditing and processing invoices for the organization.

Sales Audits

• Ensuring stores compliance to policies and procedures guiding cash operations, vouching and inventory management.
• Initiating and Coordinating loss prevention strategies and techniques across stores to avoid or minimize potential loss of revenue.
• Confirm Cash, POS transactions as stated on the tracker, Verify transfer, and bank deposits against sales.
• You will be performing Spot checking on products (analysing them according to price, fast moving, etc) and cash handling adherence across the stores, giving feedback to the management team.

Others:

• Recommends improvements to systems and controls based on observations and best practice.
• Responsible for the preparation of internal audit reports which present audit finding in a clear, concise manner.
• Handles other assignments or any other task as appropriate (eg: Fraud, Investigations, effectiveness reviews).

The ideal candidate would be required to possess the under-listed skills requirements

• Analytical and numerical skills.
• Sound analytical and reasoning skills
• Computer skills and problem solving skills.
• Good communication skills, both written and oral.
• Good interpersonal skills.
• Ability to handle sensitive matters on a confidential basis.
• Able to multi-task and perform follow-ups on a timely basis.

We select people who demonstrate our core values: humility, initiative & hard work, customer centricity, trustworthiness, continual improvement, and data-driven.

Benefits & Compensation

We offer competitive compensation. Additional benefits include pension contributions, access to regular training, and ongoing feedback to boost your skills.

You will have ample opportunities to work with and learn directly from world-class operators, including top pharmacists and leaders with backgrounds at Harvard and Stanford Business Schools.

Lifestores thrives on a collaborative, meritocratic working culture. We are an equal opportunity employer and value diversity at our company.