Powerex Limited is a reputable Company in the provision of electrical and power services in Nigeria. With our team of competent staff, we serve our clients combining good customer service with sound technical skills.
Our responsiveness and professionalism uniquely endear us to our growing clientele. We appreciate that high quality power availability means a lot to your business, that is what we are set to ensure. Your electric power concerns are safe in our hands; you may confidently go to sleep. You would find our partnership more rewarding than you thought.
We are focused on strengthening relationships with our customers and leading global solutions vendors; ensuring that we continually provide cutting-edge technology solutions with the highest quality of service delivery exceeding our customers’ expectation.
We welcome you to our world where we attentively listen to and appreciate your needs, and are always willing to meet and exceed your expectations cost-effectively and efficientlyObjecitves
The Internal Control Officer is responsible for implementing, maintaining, and monitoring internal control systems to ensure the accuracy, reliability and completeness of financial information, compliance with applicable laws and regulations, and protection of the organization's assets. thereby minimizing exposure to potential risks to prevent frauds, embezzlement, misappropriations, misuse and wastage.
Job Description
Consistently carry out internal audit of petty cash funds to ensure proper usage and documentation.
Ensure pre and post disbursement checks.
Verify the accuracy of reconciliations
Carry out spot checks anytime and anywhere in the processes.
Cut wastage and ensure profitability on expenses and advances.
Support the development of policies and procedures to strengthen control mechanisms and ensuring adherence to policies and processes
Evaluate the effectiveness of internal controls and recommend improvements.
Drawing up recommendations to proactively mitigate the exposure to risk.
Bank reconciliations
Perform regular audits and reviews of financial transactions, inventory management, and other operational processes to identify anomalies or errors.
Evaluate the effectiveness of cash controls and verify the accuracy of cash records and reporting.
Prepare reports on internal control findings, recommendations, and performance metrics for management review.
Compare physical counts with inventory records and review reconciliations for accuracy and verify the accuracy of inventory records and reporting.
Ensure accuracy of payables and receivables balances in the accounts
Verify the accuracy of financial records, including invoices, receipts, and payroll.
Preparing audit reports and following up on implementation of the audit recommendations
Continually review and assess the effectiveness and efficiency of policies, procedures and processes and identify improvement opportunities
Carrying out investigations into suspected fraudulent practices in the Group
Interpret and analyze reports/data/information to identify possible risk exposure
Conduct physical verification of inventory in stores and warehouses.
Follows-up on the implementation of the audit recommendations
Provide training to staff on compliance, internal controls, and fraud prevention.
Attend to additional official duties
Requirements
Bachelor’s Degree or HND in Accounting, Finance, Economics, or a related field.
Experience in internal control, audit, risk management, or compliance roles.
Strong understanding of internal control frameworks
Professional certification e.g: ICAN, ACCA
IFRS 17 experience
Strong knowledge of financial accounting
Proficiency in MS office Suite
Skills and Competencies:
Compliance and internal audit practice
Fraud detection and control
Inspection and investigation
Strong analytical skills.
Operational risk management
In-depth knowledge of internal control frameworks and best practices.
Budgeting and budgetary control
Excellent communication, and report writing skills.
Knowledge of Nigerian tax laws, financial regulations, and inventory management.
Resource management
Attention to detail and organizational abilities
Proactive mindset.
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