Internal Auditor

Job Summary

Responsible for providing assurance on the adequacy, appropriateness and effectiveness of the organization’s internal control environment and risk management framework

Key Responsibilities

Audit Planning and Execution:

Support in the development and implementation of annual audit plans based on risk assessments, industry standards, and regulatory requirements.

Conduct financial, operational, and compliance audits to assess the effectiveness of internal controls and adherence to company policies and procedures.

Ensure audits are conducted in accordance with audit methodology and in line with local and international standards

Perform risk-based audits, ensuring a focus on key areas such as revenue leakages, inventory management, procurement, and regulatory compliance.

Risk Assessment and Internal Control Evaluation:

Evaluate the adequacy and effectiveness of internal controls and processes, identifying weaknesses and potential risks.

Provide recommendations to mitigate risks, improve operational efficiency, and ensure compliance with regulatory requirements (e.g., NPA, NUPRC, NMDPRA, NIMASA etc).

Monitor key performance indicators (KPIs) related to risk management and internal controls.

Reporting and Communication:

Prepare detailed audit reports highlighting findings, risks, and recommendations for management and stakeholders.

Communicate audit findings and provide actionable recommendations to management in a clear and concise manner.

Follow up on management’s corrective actions to ensure implementation of audit recommendations.

Compliance and Regulatory Audits:

Ensure the company adheres to Nigerian laws and regulations specific to the oil and gas sector.

Conduct compliance audits related to the Petroleum Industry Act (PIA) and other industry-specific regulations.

Coordinate with regulatory authorities during audits and ensure that all statutory requirements are met.

Fraud Detection and Prevention:

Identify and investigate instances of fraud, corruption, and financial mismanagement.

Develop internal controls to prevent fraud and ensure transparency in financial transactions and reporting.

Provide guidance to management on fraud risk management and mitigation strategies.