Internal Audit Executive at Intersect Consortium

Intersect Consortium is a group of organisations primarily focused on the mental health and addiction space. Its members recognise the growing need for mental health services and products across Africa and work to provide awareness, education, treatment and support to individuals, companies, families and society.

The consortium is seeking an experienced Internal Audit Executive to support the audit functions of its growing group of companies operating primarily in the healthcare and wellbeing sector. The role will focus on governance, risk management, internal controls, regulatory compliance and promoting sound corporate governance.

Job Title: Internal Audit Executive
Company: Intersect Consortium
Location: Lagos
Job Type: Full-time
Industry: Consulting / Healthcare / Finance & Audit
Experience: Minimum of 5 years

Job Summary

The Internal Audit Executive will help the organisation achieve its objectives by evaluating the effectiveness of governance, risk management and internal control arrangements. The role will also identify control gaps, assess financial risks and recommend measures to strengthen the organisation’s control environment.

Responsibilities

• Plan financial, regulatory, compliance and operational reviews and audits.
• Coordinate audit activities with Risk, Legal & Compliance and other control-related functions.
• Conduct financial risk assessments and identify controls to mitigate identified risks.
• Ensure daily compliance with internal and financial policies.
• Conduct daily call-overs on expenses across the organisations and verify that postings are correctly made.
• Conduct routine stock checks and verify that bin-card records accurately represent physical stock.
• Ensure costs are not overstated on expenses.
• Ensure compliance with applicable regulatory policies.
• Maintain effective internal controls to prevent loss, theft and other risks.
• Identify internal control gaps and recommend improvements.
• Report risk issues to management in accordance with auditing standards.
• Review final accounts prepared by the accountant before external audit.
• Advise management on internal control issues.
• Perform audit procedures to test whether controls are operating effectively.
• Analyse and conclude on the effectiveness and efficiency of the control environment.
• Document audit work in accordance with Internal Audit Department and Institute of Internal Auditors (IIA) standards.
• Prepare timely audit reports for executive management, the Audit Committee and Board of Directors.
• Assess and promote compliance with internal policies.
• Support year-end financial audits alongside external auditors.
• Provide advice on internal control and contribute to improving internal audit standards and practices.
• Research new or technical subjects where required to support audit activities.
• Provide feedback on accounting procedures.

Competencies and Attributes

• Ability to contribute to high-performing teams, including supervising accountants and account assistants when required.
• Strong teamwork and collaboration skills.
• Ability to work independently when necessary.
• Results-oriented approach with the ability to meet deadlines and manage multiple demands.
• Strong entrepreneurial mindset.
• Commitment to continuous self-development.
• Strong negotiation, relationship-building and problem-solving skills.
• Ability to escalate issues appropriately and on time.

Requirements

• B.Sc. in Business Administration, Accounting or a related field.
• Minimum of 5 years of proven work experience.
• Strong knowledge of economic and accounting principles and practices.
• Good knowledge of financial analysis and reporting.
• Direct experience in audit and compliance.
• Good knowledge of auditing and accounting practices.
• Strong understanding of Institute of Internal Auditors (IIA) standards.
• Professional certification in one or more of ACCA, ICAN/ACA, CIA or CISA.
• Other relevant professional certifications will be an advantage.
• Strong communication, interpersonal and influencing skills.
• Ability to negotiate effectively at different organisational levels.
• Experience in healthcare financial operations and risk-based auditing is an advantage.

Key Performance Indicators / Deliverables

• Monthly reports and advice on return on investment.
• Continuous audit tests and monthly reporting of results.
• Monitoring of management-agreed actions, particularly overdue actions.
• Weekly reporting of policy and procedure breaches.
• Monthly forensic audit reviews and identification of emerging risks.
• Monitoring and reporting of compliance test completion and remediation plans.
• Monthly, research-based and analytical audit reports.
• Completion of audit plans within the required period.
• Identification and proposal of business or revenue enhancement opportunities and cost-saving strategies.
• Maintaining customer satisfaction without compromising audit objectivity.

How to Apply

Interested and qualified candidates should send their CV to [email protected] using the job title Internal Audit Executive as the subject of the email.

Application Closing Date

Not Specified.