Internal Auditor

Our client in the Retail Industry seeks to hire for the position of a Internal Auditor.

Qualifications:

• HND/BSC in Accounting, Finance, Business Administration, or a related field.
• ACA or ACCA are highly required.
• Minimum of 8 years of experience in auditing.
• Preferably within the retail industry or a multi-entity organization.
• Strong experience in auditing retail operations, including inventory management, sales processes, and supply chain functions.
• In-depth knowledge of auditing standards, internal controls, and risk management principles within the retail sector.
• Proficient in audit management software, ERP systems, and Microsoft Office Suite (especially Excel).

Key Responsibilities:

• Develop and execute comprehensive audit plans covering all aspects of the retail operations and its subsidiaries, including inventory management, sales processes, supply chain, and financial reporting.
• Conduct detailed audits of the subsidiaries, ensuring that their financial and operational practices align with the organization’s standards and policies.
• Identify discrepancies and recommend corrective actions.
• Evaluate the design and effectiveness of internal controls across retail operations, focusing on areas such as inventory control, cash handling, procurement, and sales processing.
• Identify control weaknesses and recommend improvements.
• Ensure adherence to industry regulations, corporate policies, and statutory requirements across the organization and its subsidiaries.
• Conduct regular compliance audits and report findings to senior management.
• Assess the efficiency and effectiveness of operational processes across retail stores and subsidiaries, identifying areas for cost reduction, process improvement, and increased profitability.
• Identify and assess financial, operational, and compliance risks specific to the retail industry and multi-subsidiary operations.
• Develop strategies to mitigate these risks and ensure robust risk management practices are in place.
• Perform financial audits across the organization’s retail outlets, verifying the accuracy of financial records, including sales transactions, inventory valuation, and cash flow management.
• Prepare detailed audit reports that clearly outline audit findings, risks identified, and recommendations for improvement.
• Monitor the implementation of audit recommendations across the organization and its subsidiaries, conducting follow-up audits to ensure that corrective actions are taken and effective.
• Assist in detecting and preventing fraud by evaluating the effectiveness of anti-fraud controls, particularly in high-risk areas such as cash handling and inventory management.
• Stay updated on retail industry trends, best practices, and regulatory changes. Continuously improve audit processes, tools, and methodologies to enhance the audit function.