Fresh Vacancies Leadway Assurance Company Limited, 22nd Oct., 2018

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’ network in Nigeria, enjoying 80% of its current business from this source.

We are recruiting to fill the position below:

Job Title: Internal Auditor
Location: Lagos
Job Category: Audit
Reporting Line: Chief Internal Auditor

Job Objective

• This role is responsible for conducting and reporting on scheduled audits, key control testing, investigations and departmental projects
• Assignments range from planning to execution of technical, compliance, financial and operational audits and special projects
• The Internal Audit Associate acts as a mentor to others within audit areas of proficiency
• S/he is responsible for fulfilling professional and organization responsibilities as outlined in the Internal Audit Charter, IIA code for the professional practice of Internal Auditing, NAICOM regulations and guidelines and other regulatory guidelines

Key Result Areas-Job Output
Internal Audit Strategy and planning:

• Implements Internal Audit strategy in alignment with the Corporate strategy
• Promotes an atmosphere that allow for independence, objectivity and excellence
• Assists in and contributes to the development and planning of the Annual Risk Assessment by identifying, assessing, and recommending solutions to key business risks. Communicates with management to identify key business risks, assesses those risks, and assists in updating the comprehensive internal audit plan and audit universe.
• Supports the Chief Internal Auditor (CIA) in design and implementation of an effective internal audit plan to review businesses activities around the operations of the Company and ensures timely reporting for management decision making.

Audit Execution:

• Evaluates the design and operating effectiveness of the system of internal controls
•  Evaluates adherence to established policies and procedures, and regulatory guidance and conducts test work as outlined in the audit work program.
• Utilizes judgment as to expansion of scope, further test work needed based on trends or exceptions identified.
• Review the management account in line with applicable IFRS
• Prepares work paper documentation to support test work performed and conclusions reached.
• Explains, clarifies or corrects documentation to clear any review notes generated by the department supervisory staff or audit lead personnel’s review of the work papers, conclusions and recommendations.
• Performs peer review of file documentations, providing coaching to less experienced colleagues.

Audit Reporting and Follow-up:

• Ensure the integrity of Internal Audit reports and analysis by performing a review of work done by colleagues before submitting to the CIA
• Prepares written audit reports to summarize the audit scope, control findings, recommendations and management commitments
• Collate and prepares reports for submission to MANCOM (monthly) and Board Audit committee (Quarterly) prior to review by the CIA
• Ensures that all internal and external reports and exceptions are followed up.

Investigation and Policy Confirmation:

• As may be required or commissioned by management,
• Investigates fraud including but not limited to financial and underwriting related fraud
• Other matters on a need be basis.
• Performs third party confirmation of the authenticity of policies issued by the company and all other official documents.

Knowledge, Skills and Behaviour (Required to succeed in Role)
Educational Qualifications & Functional / Technical Skills:

• A Degree (Bachelor’s Degree) in Accounting, Numerate or related fields
• A professional qualification of ICAN, ACCA or CPA CIA, CISA desirable
• Highly ethical with ability to handle confidential information.
• Ability to communicate significant information in a clear manner down, across and up the organization.

Relevant Experience (Type of Experience and Minimum Number of Years):

• Minimum of five (5) years experience in performing financial, compliance or operational audits, or related-type work with at least 3 years spent at a top 4 audit firm in external auditing

Attitude and Behavioral Traits:

• Good analytical and problem solving skills with excellent attention to details
• Able to effectively coach, mentor and develop staff in areas of expertise
• Is a self-starter and able to work independently; ensures work is accurate and completed in a professional manner
• Ability to positively interface and work well with all levels of staff and management (auditees and own department)
• Possess a high level of understanding of audit theory and strong industry knowledge Insurance products, services, policies and procedures
• Possess a working knowledge of relevant computer programs, i.e. Microsoft Access, Word, and Excel.
• Able to manage multiple tasks and prioritize.
• Possess communication skills – written and spoken.

Interested and qualified candidates should:Click here to apply

Job Title: Internal Control Analyst
Location: Lagos
Reporting Line: Supervisor/Head, Internal ControlsSupervisor/Head, Internal Controls

Job Objective

• This position will be required to complete scheduled internal control reviews. Based on audit report findings and/or internal control reviews, the analyst will identify business process inadequacies and/or gaps and recommend necessary improvements.
• The position will work to foster standardization and consistency across branch offices as regards business processes and internal controls.
• He will also develop and run scripts for data validation in order to ensure the integrity of the figures captured in the company’s financial statement.
• This will enhance business intelligence and controls around financial reporting.

Dimensions of the Job:

• Control Environment
• Control Weakness
• Exception Reports/Infractions.

Tasks and Activities (Key Result Areas-Job Output)
Internal Control Strategy:

• Implement Internal Control strategy in alignment with Organizational objectives
• Provide an atmosphere that allow for independence, objectivity and excellence
• Design and implement effective and adequate controls around the operations of the Company and ensures active monitoring and timely feedback on progress towards achievement of operational and strategic objectives
• Run scripts for data validation in order to ensure the integrity of the figures captured in the company’s financial statement

Development of  Standard Operating Procedures (SOP’s) and Monitoring of controls:

• Work with various departments to develop Standard Operating Procedures
• Implementation and monitoring of various controls
• Ensure adequate and effective policies, procedures and programs framework for Internal Control service delivery

Internal Control Validations and Reports:

• Support ERM in the identification and documentation of risk universe and attributes for the purpose of improving the control environment
• Maintain reports of significant risks, control activities and remediation’s
• Ensure the integrity of Internal Controls reports and analysis.
• Provide timely reports to achieve operational and strategic objectives of the company
• Conducts trends and analysis on the reports and system application rolling out the reports to ensure correctness and reasonable output to aid business decisions
• Continually review the processes and improve on it to ensure operation efficiency
• Ensure accurate and up to date validation reports to avoid potential loss

Knowledge, Skills and Behaviour (Required to succeed in Role)
Educational qualifications  & functional / technical skills:

• A degree (Bachelor’s degree or HND) in Accounting, Information technology or related fields
• Proficiency in Microsoft Word, Excel, Visio
• A student member or a professional qualification of ICAN, ACCA, and other recognized accounting professional Institutions.
• Highly ethical with ability to handle confidential information.
• Strong communication skills (Oral and written)
• Strong organizational and management – Building Collaborative Relationships, highly developed, demonstrated teamwork skills.

Relevant Experience:

• 2 to 5 years’ experience in an audit, finance or process improvement role.

Attitude and Behavioural Traits:

• Ability to deal with ambiguity, tight timelines, multiple priorities, and demanding customers, in a fast-moving, constantly changing environment
• High degree of professionalism, maturity and confidentiality
• Good analytical and problem solving skills with rapt attention to details.

Interested and qualified candidates should:Click here to apply

Application Deadline 25th October, 2018.