Internal Auditor Job at Maxitech Global

At Maxitech Global, we offer a wide range of IT products such as computers, laptops, and gadgets at the most affordable prices in Nigeria. We believe that you deserve only the best, so come and visit us today to make a purchase.

We are recruiting to fill the position below:

Job Position: Internal Auditor

Job Location: Ikeja, Lagos
Employment Type: Full-time
Department: Internal Audit
Reports To: Finance Manager

Position Overview

• The Internal Auditor is responsible for evaluating the company's financial and operational activities, with a strong focus on inventory management, payments processing, and overall financial controls. 
• This position plays a key role in assessing risk, identifying inefficiencies or fraudulent activities, and ensuring compliance with company policies, regulations, and all accounting standards.

Key Responsibilities
Audit Planning & Execution:

• Develop and implement risk-based audit plans, especially focusing on areas related to inventory control, procurement, payments, and financial reporting.
• Conduct detailed audits of the company’s inventory systems, including inventory valuation, stock movements, and warehouse management.
• Review and test the adequacy and effectiveness of internal controls surrounding accounts payable, vendor payments, and disbursements.
• Analyze payment processes to ensure compliance with company policies, preventing unauthorized payments, fraud, or mismanagement.
• Perform regular audits of financial records and systems to verify accuracy, completeness, and compliance with internal policies and regulatory standards.

Inventory Audits:

• Examine inventory transactions, including purchase orders, receiving, sales, and transfers, to ensure proper documentation and approval.
• Monitor physical inventory counts and perform cycle counts to detect discrepancies or theft.
• Assess inventory turnover rates and obsolete inventory write-offs to ensure accurate valuation of stock.
• Work with logistics and warehouse teams to verify inventory is stored and handled according to company protocols, reducing risks of shrinkage or loss.

Payment & Financial Controls:

• Evaluate payment processing systems, ensuring that payments are made in accordance with vendor agreements and company procedures.
• Review and test segregation of duties for payment authorizations and approvals to reduce risks of fraud.
• Conduct sampling of transactions and vendor invoices to verify that proper documentation, approvals, and reconciliations are in place.
• Ensure that payments, invoices, and accounting records comply with corporate accounting policies, tax regulations, and any other legal standards.

Risk Management & Compliance:

• Identify potential financial risks, fraud, or inefficiencies within inventory and payment systems, and recommend corrective actions.
• Maintain an in-depth understanding of relevant industry regulations, standards, and compliance requirements and the requirements of the international accounting standards.
• Advise on potential areas for operational improvement, cost-saving measures, and best practices.
• Ensure that corrective actions are taken when audit findings point to non-compliance or weaknesses in internal controls.

Reporting & Documentation:

• Prepare clear and concise audit reports outlining audit findings, recommendations for improvement, and corrective actions taken by management.
• Communicate audit findings to relevant stakeholders, including senior management, department heads, and external auditors.
• Document audit procedures, testing, and conclusions according to the company’s audit methodology and regulatory standards.

Collaboration and Training:

• Work closely with other departments (e.g., finance, accounting, operations) to understand and assess the effectiveness of existing controls.
• Provide training to employees regarding compliance with inventory and payment processes, fostering a culture of accountability and internal control awareness.
• Collaborate with external auditors and regulators to facilitate audits and ensure all necessary financial disclosures are accurate.

Continuous Improvement:

• Stay informed about best practices, technological advancements, and industry trends related to auditing, inventory management, and payments.
• Propose innovative methods for streamlining audit processes and increasing efficiency, leveraging data analytics or automation where applicable.

Required Qualifications

• Bachelor’s Degree in Accounting, Finance, Business Administration, or a related field.
• 2 - 3 years of relevant audit experience in a manufacturing, retail, or distribution company that deals with complex inventory systems and payment processing.
• Proficiency in accounting software and Microsoft Excel would be a plus
• Skills and Competencies:
• Strong understanding of financial accounting principles and internal controls, especially as they relate to inventory management, payment systems and financial reporting.
• Analytical thinking and attention to detail, with the ability to identify discrepancies and weaknesses in complex systems.
• Strong written and verbal communication skills, including the ability to present findings and recommendations to senior management.
• Strong organizational skills, with the ability to manage multiple projects and deadlines.
• Ability to work independently and as part of a team, displaying initiative and a proactive attitude.
• High ethical standards and integrity, with a commitment to maintaining confidentiality.

Salary
N150,000 - N200,000 Monthly (Negotiable).

Method of Application
Interested and qualified candidates should send their CV to: olamilekan.sule@maxitechglobal.com using "Internal Auditor" as the subject of the mail.