Internal Auditor

Responsibilties

Compliance:

Conduct regular internal audits across company branches and departments to assess compliance with established policies, procedures and operational standards.

Review business processes and evaluate the effectiveness of internal control systems.

Identify operational inefficiencies, control weaknesses, irregularities and potential risks.

Conduct surprise audits and routine inspections to ensure adherence to company policies.

Verify that transactions and business activities are properly authorised, documented and recorded.

Prepare audit findings and recommend corrective measures to management.

Monitor the implementation of approved audit recommendations.

Financial Records and Transaction Auditing:

Examine financial records, invoices, receipts, payment vouchers and other supporting documents to ensure accuracy and authenticity.

Review daily sales reports, cash collections, POS transactions and bank deposits.

Verify cash balances and investigate discrepancies between recorded and actual amounts.

Review expenses, purchases, supplier invoices and payment documentation to ensure proper authorisation.

Identify unusual transactions, unauthorised expenditures and possible financial irregularities.

Ensure proper reconciliation of financial records and supporting documents.

Monitor compliance with established financial controls and approval procedures.

Inventory and Stock Control Audit:

Conduct periodic and surprise stock counts across the company's branches and storage facilities.

Verify physical inventory against stock records and system balances.

Investigate stock shortages, excesses, damages, expiries and unexplained inventory variances.

Review stock receipts, transfers, returns, adjustments and issuance records.

Examine the documentation and authorisation of inventory movements.

Monitor the handling, storage and recording of goods to minimise losses and wastage.

Identify weaknesses in inventory management processes and recommend appropriate control measures.

Procurement and Supplier Audit:

Review procurement transactions to ensure compliance with established purchasing procedures.

Verify purchase orders, goods received notes, supplier invoices and payment records.

Ensure that purchases are properly approved and supported by relevant documentation.

Examine supplier transactions and identify duplicate payments, inflated invoices or suspicious transactions.

Verify that goods supplied correspond with approved orders and recorded quantities.

Assess procurement processes to ensure transparency, accountability and value for money.

Fraud Detection and Investigation:

Identify potential fraud, financial misconduct, theft, misappropriation of company resources and other irregularities.

Investigate reported financial and operational discrepancies.

Review suspicious transactions and gather relevant supporting documentation.

Conduct independent investigations when assigned by management.

Document investigation findings and submit comprehensive reports with recommendations.

Maintain strict confidentiality and professional independence when handling sensitive audit matters.

Audit Reporting and Documentation:

Prepare detailed audit reports highlighting findings, identified risks, control weaknesses and recommended corrective actions.

Submit periodic audit reports to the Head of Audit and Management.

Maintain proper documentation of audit exercises, findings and supporting evidence.

Track outstanding audit issues and follow up on corrective actions taken by responsible departments.

Provide management with accurate information to support effective decision-making.

Communicate significant control breaches and financial irregularities promptly to the appropriate authority.

Risk Management and Internal Control Improvement:

Assess financial and operational risks across business units.

Evaluate existing internal control procedures and recommend improvements.

Identify areas vulnerable to revenue leakages, stock losses and financial mismanagement.

Support the development and implementation of effective risk management procedures.

Promote accountability, transparency and compliance across all departments.

Collaborate with relevant departments while maintaining the independence and objectivity of the audit function.

Qualifications and Requirements

Bachelor's Degree or HND in Accounting, Finance, Business Administration or any related discipline.

3–5 years of relevant experience in internal auditing, external auditing, financial control or a related field.

Professional qualification or membership of ICAN, ACCA, ANAN or other recognised accounting/audit professional bodies is an added advantage.

Previous experience in retail, supermarket operations, FMCG or multi-branch organisations is highly desirable.

Strong knowledge of internal control systems, audit procedures, financial reporting and risk management.

Good understanding of inventory management, stock reconciliation and procurement procedures.

Proficiency in Microsoft Excel and other relevant accounting or enterprise management software.

Ability to analyse financial data, identify discrepancies and investigate irregularities.

Strong report-writing and documentation skills.

go to method of application »

Minimum qualifications

BA/BSc/HND

How to apply

Interested and qualified candidates should send their updated CV to: recruitment@thelabelstores.com using the position title as the subject of the email.

Similar open roles

• Chief Financial Officer (CFO)Resource Capital Consulting Limited (RCCL) · Ogun
• Internal Audit AssociateLily Hospitals Limited · Delta
• Internal Control AssociateLily Hospitals Limited · Rivers
• Billing and Accounts Receivable SupervisorCobranet Limited · Lagos
• AccountantDimitts Integrated limited · Enugu
• Accounting InternsCoinbox Limited · Lagos