Company: Food Concepts Plc
Location: Lagos
Requisition ID: 1864
Food Concepts commenced operations in 2001 with the aim of revolutionising the food sector in West Africa. Its subsidiary, Chicken Republic, launched in 2004 and has grown into one of the leading chicken quick-service restaurant (QSR) brands in Nigeria and Ghana.
Job Objective and Summary
The Investigation / Counter Fraud Manager will lead and manage investigations into fraudulent activities, professional misconduct and policy violations. The role focuses on identifying, preventing and mitigating occupational fraud risks while safeguarding the company’s assets and reputation.
Fraud Prevention and Detection
- Develop and implement strategies to prevent and detect fraudulent activities.
- Conduct risk assessments to identify areas susceptible to occupational fraud.
- Monitor transactions and operations for irregularities and unusual activities.
- Conduct employee training and awareness programmes on fraud prevention.
- Liaise with Finance, HR, Operations and other departments on fraud-related matters.
- Serve as the point of contact for fraud-related enquiries and concerns.
- Provide expert advice to management on fraud prevention and investigation.
- Stay updated on fraud prevention and investigation trends and best practices.
- Implement innovative solutions to strengthen the company’s anti-fraud capabilities.
- Identify occupational fraud risks and recommend controls to mitigate them.
- Recommend improvements to internal controls and business processes.
- Partner with departments to strengthen governance and fraud risk management frameworks.
Investigation Management
- Lead internal investigations into occupational fraud, theft, misconduct and policy violations.
- Conduct investigative audits of financial records, operations and systems.
- Use forensic accounting techniques to trace and analyse complex financial transactions.
- Gather, preserve and present evidence for potential legal proceedings.
- Work with external forensic experts when necessary.
- Collaborate with law enforcement and regulatory agencies when required.
Counter Fraud and Revenue Leakage
- Identify and investigate revenue leakage arising from fraudulent transactions, pilferage and sales misreporting.
- Periodically assess applications used to process and report sales and remittances to ensure data integrity, accuracy and completeness.
- Develop counter-fraud strategies using technology and data analytics to identify suspicious activities.
- Work with Finance and Operations teams to close revenue-loss loopholes.
- Conduct periodic reviews and audits to ensure compliance and prevent recurrence of identified fraud risks.
Key Performance Indicators
- Number of fraud allegations received through management requests and hotlines compared with cases completed and reported.
- Percentage of recommendations implemented to reduce occupational fraud.
- Number of repeat fraud or malpractice occurrences following investigations and reporting.
- Number of days spent on investigations from commencement to completion of fieldwork and final reporting.
- Participant satisfaction scores from counter-fraud and related training sessions.
Knowledge Requirements
- Strong understanding of fraud detection, investigation techniques and risk assessment methodologies.
- Proficiency in forensic analysis, data review tools and fraud prevention systems.
- Knowledge of legal, regulatory and ethical standards relating to fraud investigations.
- Ability to prepare concise reports, maintain accurate records and present findings effectively.
- Awareness of industry-specific fraud risks, cybersecurity threats and risk management frameworks.
Job Specifications
- Bachelor’s Degree in Accounting, Finance, Law, Criminology or a related field.
- Certified Fraud Examiner (CFE) certification.
- Professional certification or membership of a forensic association, such as the Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIAN), or a similar body.
- Minimum of five (5) years’ experience in fraud investigation, forensic investigation and investigative audit.
Decision Expectations
- Strong analytical, investigative and problem-solving skills.
- Excellent report writing and presentation skills.
- Strong communication and interpersonal skills.
- Proficiency in investigation tools and software.
- Ability to provide litigation support.
- Strong leadership and decision-making skills for managing complex investigations and fraud management strategies.
- High level of integrity and ethical conduct when handling sensitive information and dealing with internal and external stakeholders.
How to Apply
Interested and qualified candidates should apply online through the Food Concepts recruitment portal.
Application Closing Date: Not Specified.