Internal Auditor

Sapele Power Plc (SPP) is a leading Nigerian integrated energy company specializing in power generation. 
SPP operates Nigeria’s second largest power plant by installed capacity of 1020MW; capable of meeting the energy needs of around 750,000 homes at full capacity.

SPP generates a considerable amount of Nigeria’s electricity — powering numerous homes and businesses nationwide. We have a strong focus on sustainable generation and are continually seeking to expand our generation network, as well as make efficiencies, and minimise environmental impacts

 



Job Role/Title:  Internal Auditor

Reporting to: 
Chief Financial Officer/ Audit Committee
Job Objectives: 
  1. To ensure compliance with Sapele Power Plc’s Policies, Procedures, and regulations. This objective will enhance reliability of financial reporting and information 
  2. To ensure Sapele Power Plc’s operational activities are in line with best industry standards. This will promote effectiveness and efficiency of operations 
To ensure SPP’s operational activities are in compliance with all regulatory requirements 
Key Responsibilities: 
  1. Establish internal audit scope and develop annual risk-based audit plans/programs 
  2. Execute risk-based audit programs providing detailed and objective review of conformance with Sapele Power Plc operational and financial activities along with policies and procedures 
  3. Execute and monitor the audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable regulations 
  4. Conduct walkthroughs and testing of medium to low risk process to analyze operating effectiveness and design of main financial controls 
  5. Carry out audit report follow-up testing to identify if corrective action plans of management’s were executed on time and communicate results to senior executive management. 
  6. Vet all financial transactions and ensure they meet Sapele Power Plc standard reporting systems 
  7. Ensuring Stock Take exercise is observed on last day of every month. 
  8. Monitor the CAPEX and OPEX expenses while ensuring adequate compliance to financial prudence. 
  9. Maintain open communication with management and audit committee 
  10. Document process and prepare audit findings memorandum 
  11. Coordinate the entire Internal Audit team, ensuring that the values required of the team are delivered 
  12. Build capacity within the Internal Audit team of the Organization by: 
    1. Continuously reviewing the capacity required to support the team unit in delivering its functions effectively 
    2. Provide development opportunities for direct reports that challenge and expand their capability 
    3. Provide leadership that inspire others to succeed, and proactively share experience, knowledge plus ideas 
    4. Ensuring that performance objectives are clearly defined for all job roles within the team and that all staff members are evaluated against agreed performance objectives at pre-defined periods set by the HR function 
Coaching and counseling of team members as necessary 
Key Performance Indicators: 
  1. Up to date details of all transactions and processes reviewed 
  2. Accurate value of available stocks in the entire business or group 
  3. Accurate postings of accounts per account types, Cost Centers and business location. 
  4. Timely delivery of monthly audit memorandum 
Compliance to SPP’s operating standards 
Functional Competencies/Requirements: 
  1. Highly developed and demonstrated skills in analysis, conceptualization and problem solving 
  2. Strong business analysis skills and the ability to document and analyze business processes and their controls 
  3. Strong Financial and Management Accounting skills 
  4. Strong Computer literacy skills 
  5. In-depth understanding of Accounting software 
  6. In-depth understanding of Accounting systems 
General Management Competencies/Requirements: 
    • Strong Leadership skills 
    • Strong Oral and Written Communication skills 
    • Good Presentation Skills 
    • Strong Negotiation Skills 
    • Relationship Management 
    • Strong Problem solving skills 
    • Ability to plan, schedule and coordinate effectively 
  2. Educational Qualifications/Experience: 
    1. Minimum of university degree or HND Accounting, Internal Audit (and or other recognized Professional Accounting Qualification ACCA or ACA) 
    2. Minimum of 5 years post professional qualification experience. 
    3. Knowledge of Power Sector Regulatory Requirements and Pronouncement would be an added advantage. 
    Desired Personal Attributes: 
    1. Integrity 
    2. Proactive self-starter 
    3. Assertive and tenacious 
    4. Ability to work with little or no supervision 
    5. Ability to work with all levels of management, build partnerships and teams 
    6. Highly organized and able to adapt quickly to changing priorities 
    Ability to cope with and work under pressure



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