Internal Audit Analyst

Internal Audit Analyst

Leadway Assurance Company Limited was founded in 1970. Sir (Dr.) Hassan O. Odukale, (KJW, D.Sc., FCIIN).It has a chequered history of being a company with close attention to relationships, having started operations as a direct motor insurance company. Soon the relationship developed to a stage where it has established a deep relationship with the brokers...

Internal Audit Analyst

• Job Type Full Time
• Qualification BA/BSc/HND , Professional Certificate
• Experience 1 year
• Location Lagos
• Job Field Finance / Accounting / Audit

The role works with the Team Lead, Branch and Non-Branches Audit Unit to position Internal audit as the third line of defence providing assurance services to both internal and external clients as the need arises.

These objectives will be achieved through effective:

• Monthly review of Management Accounts.
• Quarterly internal audit returns to NAICOM.
• Review of branch business performance and operational excellence.
• Review of subsidiaries’ operations. (Processes and Financials)
• Compliance Audit.
• Process Review.
• Special Audit and Investigation.
• Third-party confirmation
• Review of LAC process.

Key Accountabilities (Duties and Responsibilities) Perspective % Weight Output

Financial 20%

• Provide assurance to management that the management accounts are accurate, complete, and presented in accordance with the applicable IFRS standards.
• Review investment activities and reported figures and ensure consistency with regulatory requirements.
• Ensure transactions are accurate, reasonableness, properly recognized, and complete.

Internal Business Processes 55%

• Provide assurance to management on the efficiency and effectiveness of all aspects of the company processes, adequacy of control, and compliance with relevant regulations.
• Ensure that the Company’s activities align with the established policies and procedures and the main objectives of its incorporation.
• Provide assurance to management that the subsidiaries’ operations are in accordance with relevant policies and procedures and that transactions are accurate, complete, recognized, and presented in the FS in accordance with relevant standards.
• To ensure work done is appropriately and completely documented.
• To ensure the resolution of identified exceptions within the agreed timeframe.

Customer 16%

• Prepare regular Internal Audit reports to management and the board on the internal audit review of process, control, and governance review across the organization.
• To provide assurance to concerned third parties on the authenticity of documents issued by Leadway to its customers.

Learning and Growth 10%

• Have a knowledge-sharing culture that encourages the IA team to work, collaborate, and also execute a training session where the IA team is educated and shares knowledge.
• Create career maps with appropriate training programs that ensure enhance capacity with relevant skills and knowledge within and outside the organization.

Job Dimensions Reporting Relationships: jobs that report to this position directly and indirectly

Direct Reports

None

Indirect Reports

Internal Audit Intern

Stakeholder Management: key stakeholders that the position holder will need to liaise/work with to be successful in this role.

Internal

• Management team.
• Various functional heads within the business divisions.
• Employees across all ca