Job Description

A reputable Financial Institution with branches across the country requires the services of INTERNAL AUDIT OFFICER. The successful candidate must have thorough knowledge of accounting/audit procedures and sound judgment.

Responsibilities:

• Check the branch’s adherence to all policies and procedures
• Check branch compliance with accounting and internal control protocol by:
  • Confirming authorization for cash disbursement and office expenses;
  • Scrutinizing accounts classification;
  • Scrutinizing cash handling procedures;
  • Confirming a separation of duties such as prohibiting opportunities for fraud;
  • Confirming the safekeeping of cash and files;
  • Verifying balances in client deposit accounts, internal accounts and external accounts; and
  • Assessing the adequacy of staff output to the branch’s current level of business.
• Ascertain the existence and true value of accounts by:
  • Counting and reconciling cash on hand with the Daily Cash Journal;
  • Confirming balances of inventories, loans, repayments, etc.;
  • Scrutinizing the rate of aging on loans; and
  • Confirming account balances with creditors and debtors.
• Check allocated budgets against actual expenditures to report any discrepancies;
• Check the inventory list and depreciation schedule. In addition, confirms that the branch’s assets agree with its official inventory list, and that its fixed assets are accurately and consistently depreciated;
• Discuss the audit process with branch management and staff prior to conducting it, and afterward to clarify initial findings and recommendations;
• Prepare audit reports; and
• Review the branch’s compliance with audit recommendations.

Required Skills or Experience