Internal Auditor At Coisco
full-time
Job Summary
We are seeking a competent, analytical, detail-oriented and independent Internal Auditor to join our team.
The successful candidate will support the organization in strengthening internal controls, improving operational efficiency, safeguarding company assets, ensuring compliance with established policies and procedures, and identifying financial and operational risks across the business.
Key Responsibilities
The Internal Auditor will be responsible for, but not limited to:
Audit & Internal Control:
Conduct regular audits of company operations, financial transactions, records and processes.
Review the effectiveness of existing internal controls and recommend improvements where necessary.
Identify control weaknesses, process gaps, irregularities, risks and potential areas of fraud or loss.
Verify compliance with approved company policies, procedures and management directives.
Conduct periodic and special audits as assigned by Management.
Station & Operations Audit:
Conduct routine and surprise audits across company stations and business locations.
Verify daily sales, cash collections, banking, expenses, stock records and supporting documentation.
Reconcile station sales, collections, deposits and other financial records.
Review product movements and investigate unexplained shortages, variances or discrepancies.
Verify compliance with station operating procedures and established controls.
Monitor the proper use and accountability of company assets at stations.
Inventory & Asset Control:
Conduct physical verification of inventory, equipment, materials and other company assets.
Reconcile physical stock/assets with available records and investigate variances.
Review controls around the receipt, storage, issuance and utilization of company materials.
Monitor the movement and accountability of company assets.
Report cases of loss, damage, unauthorized use or suspected misappropriation.
Cash & Financial Controls:
Review cash-handling processes and ensure compliance with approved procedures.
Verify cash collections against sales records and banking documentation.
Investigate cash shortages, overages and unusual transactions.
Review expenses, payments, supporting documents and authorization processes.
Ensure transactions are properly approved and adequately documented.
Compliance & Risk Management:
Assess operational and financial risks within assigned business areas.
Evaluate compliance with internal policies, regulatory requirements and approved procedures.
Recommend practical corrective and preventive measures to mitigate identified risks.
Follow up on previously reported audit findings to ensure corrective actions are implemented.
Reporting & Investigation:
Prepare clear, accurate and timely audit reports highlighting findings, risks, exceptions and recommendations.
Escalate significant control breaches, financial irregularities or suspected fraud to Management.
Conduct investigations into suspected fraud, theft, policy violations, financial discrepancies and other irregularities when assigned.
Maintain proper audit working papers and supporting evidence for all audit activities.
Provide Management with actionable insights that support better decision-making and operational improvement.
Requirements
B.Sc. / HND in Accounting, Finance, Economics, Business Administration or a related discipline with 5 - 10 years' relevant experience in Internal Audit, External Audit, Accounting, Risk, Compliance or a related function.
Professional qualification such as ACA, ACCA, ANAN, CIA, or equivalent is an advantage.
Experience in retail, petroleum downstream, logistics, haulage, manufacturing or other multi-location operations will be an added advantage.
Strong knowledge of internal control principles, audit procedures and risk management.
Good understanding of financial records, reconciliations and transaction testing.
Strong analytical, investigative and problem-solving skills.
Excellent attention to detail and ability to identify inconsistencies and control weaknesses.
Proficiency in Microsoft Excel and other relevant accounting/ERP systems.
Ability to work independently, maintain confidentiality and exercise sound professional judgment.
Strong written and verbal communication skills.
High level of integrity, objectivity, accountability and professional ethics.
Willingness to travel to company stations and operational locations when required.
What We Expect From The Role:
The successful candidate is expected to go beyond identifying errors. The role should provide Management with clear visibility of operational risks, control gaps, financial leakages, compliance issues and opportunities for process improvement.
The Internal Auditor must therefore be proactive in identifying issues, objective in reporting findings, and practical in recommending solutions that strengthen the organization's operations and protect company resources.
Key Competencies:
The ideal candidate should demonstrate:
Integrity & Professional Ethics
Analytical & Critical Thinking
Attention to Detail
Risk & Control Awareness
Investigative Ability
Numerical & Reconciliation Skills
Report Writing
Confidentiality
Independence & Objectivity
Problem Solving
Communication & Stakeholder Management