Posted on Wed 15th May, 2024 - hotnigerianjobs.com --- (0 comments)
Food Concepts commenced operations in 2001. From inception, our aim has been clear-cut and focused: to revolutionize the food sector in West Africa and to deliver extraordinary satisfaction to our stakeholders.
Since launching in 2004, Chicken Republic (Subsidiary of Food concepts) has already opened 55 stores in Nigeria and Ghana. On this basis, we are proud of the brand’s hard-earned reputation as the fastest growing chicken QSR in West Africa and the number 1 chicken QSR in Nigeria (both in revenues and number of outlets). In addition, Chicken Republic was ranked as one of Nigeria’s top 20 brands across all categories (Financial Standards Awards 2009).
We are recruiting to fill the position below:
Job Title: Head, Internal Audit
Requisition ID: 1620 Location: Lagos
Job Type: Full time
Job Objective and Summary
To examine, evaluate and improve the effectiveness and adequacy of risk management, control and governance processes.
To be the catalyst to improving governance and internal control and also supporting the organisation in its wider business objectives through execution of proactive Audit activities.
Core Responsibilities and Key Result Areas
Strategic Leadership and Management
Provide overall direction to drive the vision of the audit function
Build audit to understand the use of new and effective audit tools
Ensuring audits are completed to a high level of quality, integrity and agreed timelines
Communicating audit findings effectively through professionally designed audit reports
Effectively communicate, verbally and in writing, to the Boards, Audit Committees, and Management
Build awareness of external leading practices and benchmarks to embed within the internal audit function
Be the final layer of identification of risk management and exposure before external parties
Provide necessary support to external auditor, external co-sourcing firms and regulators, as required
Risk / Quality Monitoring and Management:
Provide teaching, training and coaching of audit staff
Ensure projects are prioritised based on risk and exposure
Develop and maintains productive audit staff relationship through communication and meetings with other departments
Proactive identification of potential risk or exposure from current policies processes and procedures
Establish quality control programmes during internal audit activities through project planning, resource management, file review, reporting and follow up
Conduct risk assessment for audit coverage area
Ensures prioritisation of projects based on risk and exposure
Provide advice on internal control and participate in enhancing internal audit standards and practices within the company.
Reporting and Supervision:
Plan, assigns and supervises audit staff
Direct the overall internal audit operations on behalf of the Board Audit Committee and the management
Plan, schedule, coordinate, review and report on the work of audit staff
Conducts follow-up audits to ensure that regulations and sector rules are being met and best practices are followed
Audit planning:
Lead the development of the strategic audit plan adopting a risk-based approach
Provide direction in the cascading of strategic audit plan into annual plans
Develops procedures, schedules , priorities and programmes for achieving audit objectives and goals
Relationship Management and Capacity Building:
Prepare and issue complex audit reports to management using advanced audit skills
Conduct ad-hoc special projects as requested by the Board of Directors, Audit Committee or the MD
Advise and coaching of Management to address risks and exposure.
Attend the executive committee and shared services meetings
Ensure internal audit staff develop skills and knowledge through professional education, seminars, workshops etc.
Key Performance Indicators
Achievement of Company Sales, EBITDA, GP, PAT targets
Achievement of the Internal Audit Departments’ budget/targets/objectives
Achievement of Individual Personal Development Plans
Knowledge Requirements:
Understanding of policy formulation and regulation
Understanding of audit and investigation principles and practice
Understanding of international accounting standards
Knowledge of documentation
Deep understanding of the business
Knowledge of risk management techniques
Understanding of practice and related policy issues, their implications and applications within the QSR industry
Understanding of financial and accounts statements
Job Specification
A good First Degree in Accounting/Finance
Possession of a Post graduate degree in Finance/Accounting or related degree is an added advantage
Membership of the CPA or any other related professional qualification is required.
Minimum of 10 years Internal Audit work experience in a similar organization, professional services firm or retail business
Decision Expectations:
Acts on defined procedures and decisions
Plans own work schedule and work schedule of subordinates
Assigns work to subordinates
Monitor subordinates’ work performance
Appraises/evaluates subordinates’ performance
Recommends operational, strategic and financial decisions.