Assistant Manager, Internal Audit

Directly reports to: Internal Audit Manager

Indirectly reports to: Deputy Divisional Manager Internal Audit

Supervises: Senior Internal Audit Officer, Internal Audit Officers

Job Purpose

The Assistant Manager, Internal Audit's primary responsibility is to plan, organize and coordinate the implementation of complex audit projects within the approved plan across the Oando group as it relates to business processes, operations, and financial reporting.

This job incumbent has responsibility for leading the execution of projects within the audit plan and other day-to-day activities of the unit as assigned by the Manager, Internal Audit to achieve objectives consistent with the group's corporate strategy and business goals. This is achieved by performing and supervising the execution of procedures assessing the adequacy of Governance, Risk Management and Control processes within the organization; and conducting periodic independent assessments of business processes and financial reporting.

Main Responsibility Areas

Strategic

• Lead the execution of multiple complex activities and supervises subordinates in performing procedures to provide reasonable assurance that risk management, control, and governance systems are functioning as intended and will enable the organization's objectives and goals to be met.
• Provide inputs and participate in the development of annual audit plan, support the Internal Audit Manager in management and coordination of all internal audit work.
• Hold an overall awareness and knowledge of every function within the entities, in terms of service area, business strategic direction, key deliverables and resources comprising financial, people and systems.
• Execute audit programs to provide independent assurance on achievement of business objectives and adequacies of their systems and controls and advise on improvements for both compliance with policies and best practice to generate efficiency.
• Maintain a high standard of customer service and responsiveness in accordance with Oando's core values (TRIPP). Maintain high standards of staff conduct and integrity and participate in the development and implementation of training needs for subordinates

Strategic

• Support the Internal Audit Manager in preparing the annual risk assessment and internal audit plan
• Participate in the development of audit programs, coordinate the implementation of audit work programs and preparation of audit reports.
• Ensure efficient and effective execution of annual audit plan
• Assist in tracking of audit recommendation implementation and perform follow-up procedures where needed
• Discuss audit findings with process operators to ensure all relevant details
• Supervise and review the work of subordinates and other auditors, including loan staff retained from external professional services firms
• Maintain required audit documentation for each audit in accordance with the Oando Internal Audit Methodology and IIA standards
• Coordinate with other audit, risk management and/or compliance functions in the company, as well as the company's external auditors, particularly with respect to audit planning and knowledge sharing
• Assist the Internal Audit Manager on internal investigations
• Perform assigned tasks efficiently and ensure departmental metrics and performance indicators are achieved.
• Provide on-the-job training and development to subordinates and loaned staff
• Performs other activities as may be assigned by the Internal Audit Manager from time to time
• Monitor compliance with the laid down policies, processes, and procedures
• Review the financial statements and the procedures underlying the preparation of the financial statements

Person Specifications

• Degree in Accounting, Finance, Economics, or other related area
• Membership of a recognized Accounting Professional Body (ACA / ACCA, or equivalent ) will be added advantage
• A minimum of 7 years of combined post-qualification experience in Audit and Risk Management, including at least 4 years of audit experience focused on the review of business processes, risk assessment, and financial controls.

Core Competencies

• Knowledge of the oil and gas industry
• Knowledge of financial reporting and financial reporting standards
• Project management
• High level of self-motivation, determination, and confidence in own abilities
• Ability to juggle multiple tasks and divide your time between work and study
• Meticulous attention to detail
• Numeracy and a strong aptitude for mathematics
• Excellent problem-solving skills and clear logical thinking
• A keen interest in the financial system combined with excellent commercial awareness
• Ability to work to deadlines, under pressure, and the willingness to put in the extra hours when needed
• Ability to work on your own initiative and as part of a team
• Proficient in the use of Microsoft Office applications (Word, Excel. PowerPoint)
• Excellent interpersonal and communication skills, including good presentation and report writing skills
• Passion for delivering an exceptional client service
• Good analytical and organizational abilities
• Proven track record of establishing and maintaining strong relationships with clients

Key Performance Indicators

• The percent of the approved audit plan completed
• Compliance with the Internal Audit methodology and IIA standards
• The percent of audits completed within 110% of budget
• Quality and timeliness of reports and updates
• Quality of audit documentation and work papers