Latest Jobs at Leadway Assurance Company Limited


  2020-08-07
  Unspecified

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: System Auditor

Location: Lagos
Division/Department: Internal Audit
Reports to: Head, Internal Audit
Job: Shared Services
Schedule: Regular
Shift: Standard
Job Type: Full-time

General Description of the Job

  • Conducts evaluation of the company’s information system, internal controls and management procedures to ascertain accuracy, validity, effectiveness of controls, system reliability and data integrity.
  • Collects and evaluates evidence of the organization’s information systems, practices, and operations to ensure whether the organization’s information systems safeguard assets, maintains data integrity, and are operating effectively and efficiently to achieve the organization’s goals or objectives.

Main Duties of the Post

  • Planning, managing and executing of IT internal audit procedures and the creation of internal audit reports on network security issues, secured application development, change management, database security, physical/server room security, user access rights management, incident and problem management, log management, business continuity and disaster recovery planning, etc.
  • Conducts periodic business Applications reviews & Systems Interactions Audit to ascertain effectiveness of controls, level of system reliability and data integrity.
  • Identifies risks and weaknesses inherent in the company’s business processes, electronic transactions and make recommendations to management, on appropriate controls to put in place for prevention of fraudulent activities and revenue leakages.
  • Collaborate with project teams within the company/group and provide system review services and assistance to external auditors and other professionals that may be engaged by the company from time to time. Provides technical support and takes active part in cross-training with financial auditors, internal controls and ERM teams.
  • Deploys appropriate CAATs for data analysis, with the aim of identifying unusual transaction, and confirming data integrity.
  • Carries out periodic readiness test of disaster recovery arrangement and ascertains adequacy of back-up methodologies and contingency plans.
  • Ascertains adequacy of and compliance with standards for system development, programming and analysis, data security and control, users’ procedures and system documentation.
  • Issues exception reports expressing opinion on IS Audit activities, control weaknesses, identified risks and makes improvement recommendations to management on regular basis.

Key Success Factors:

  • Commitment of audit committee/board
  • Availability of required audit tools
  • Prompt implementation of audit recommendation

Key Competencies required – Technical:

  • Data collection and analysis
  • Competence in Interviewing
  • Competence in report writing
  • Knowledge of and ability to apply relevant audit standards and guidance
  • Ability to gather and evaluate evidence
  • Risk Assessment and internal control
  • Ability to conform to established professional Codes of Ethics

Key Competencies required – Business:

  • Business Understanding

Key Competencies Required – Personal:

  • Reliability
  • Diligence
  • Integrity
  • Confidentiality
  • Persuasion and collaboration: Persuades and motivates others through collaboration and cooperation
  • Critical thinking: Applies process analysis, business intelligence, and problem-solving techniques
  • Competency in time management
  • Good communication skill

Relationships:

  • Work with Developers/administrators of ALL applications
  • Liaise with the users across all departments during interviews, investigations etc.
  • Relate with vendors/suppliers of systems such as ACL etc.
  • Work with ERM team in various ERM functions such as review/update/assessment of ERM documents, procedures and activities such as Risk register, DR/BCP etc.
  • Relate with help desk staff on various user issues.

Person Specification
Essential:

  • Should focus here on describing the qualifications, skills, knowledge and experience an individual will require to successfully undertake the role. These should be split between essential and desirable.
  • Good first degree in a numerate subject

Qualifications

  • Bachelor’s degree preferably in Information Systems management (Computer Science, Electronic/Electrical Engineering), etc.
  • Good communication skill – i.e. for Interviewing

Knowledge:

  • Knowledge of CAAT – ACL (computer-aided audit tools & technique)

Experience:

  • Minimum of 2 years working experience in a top 4 audit function with experience in providing assurance and auditing of information systems

Acknowledgement:

  • This job description has been designed to indicate the general nature and level of work performed by employees within this post.
  • It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to the role.
  • These may therefore be subject to future amendments following appropriate consultation.

Job Title: Conventional Auditor (Associate Cadre)

Location: Lagos – Corporate Office
Reports to: Head, Internal Audit
Division/Department: Internal Audit

Job Objective
(Please state why this role is required, how it fits into company strategy and ROI provided by virtue of this role.)

  • 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

Dimensions of the Job
(This should list if the person will be responsible for Opex, Capex, Volumes associated with job such as large customer accounts and possible loss/impact on the company if an error occurs.)

  • Contact with internal and external customers, management, auditors, consultants, and advisors.
  • Communicates effectively, verbally and in writing.
  • Exhibits high standards of business and personal ethical conduct, leadership, teamwork, positive attitude, initiative and problem-solving skills.

Key Result Areas – Job Output (List the expected end results that must be achieved in order to fulfill the job purpose)
Tasks and Activities KRA’s (What are the key activities undertaken to achieve the desired end results?)

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.

Qualifications
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 the 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 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.

Job Title: Conventional Auditor (Analyst / Senior Analyst Cadre)

Location: Corporate Office (Lagos)
Job Type: Full-time
Schedule: Regular
Shift: Standard
Employee Status: Non-Management
Division / Department: Internal Audit
Reports to: Head, Internal Audit

Job Objective
(Please state why this role is required, how it fits into company strategy and ROI provided by virtue of this role.)

  • This role is responsible for monitoring and evaluating how well risks are being managed, the business is being governed and internal processes are working to achieve the strategic objectives of the Company and protect the Company’s assets from various business risks.
  • The role seeks to ensure delivery of corporate objectives towards compliance with company policies and regulatory requirements by reviewing records of activities of other departments, report /discuss observed exemptions, make recommendations and monitor implementation of internal and external auditors recommendations; in addition to constant review of existing internal control strategies for efficiency and effectiveness, and to draw any weaknesses to the attention of Executive Management.
  • Company refers to Leadway and its associated companies including but not limited to Leadway Hotels, Leadway Capital and Trust, etc.

Dimensions of the Job
(This should list if the person will be responsible for Opex, Capex, Volumes associated with job such as large customer accounts and possible loss/impact on the company if an error occurs.)

  • Governance
  • Risk Assurance
  • Internal Control review

Key Result Areas:

  • Job Output (List the expected end results that must be achieved in order to fulfill the job purpose)

Tasks and Activities
KRA’s (What are the key activities undertaken to achieve the desired end results?)

Policy Guidelines Monitoring and Review:

  • Reviews compliance of the business with policy guidelines established by management.
  • Reviews adequacy and effectiveness of business policies and procedures and recommends improvement where required
  • Executes risk-based audits covering operational and financial processes.

Review of Business Processes (Financials, Technical including underwriting and claims, Administration and Human resources.):

  • Review management accounts on monthly basis
  • Review efficacy of our underwriting procedure with respect to risk rating/pricing, evaluation and reinsurance.
  • Assess adequacy and reasonableness of outstanding claims provision
  • Ascertain the accuracy, completeness and validity of claims recording and documentation in line with internal policy on claims.
  • Ensure complete, accurate and timely audit information is reported to Management

Internal Audit Assurance and Reports:

  • Ensure the integrity of Internal Audit 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 operational efficiency
  • Ensure accurate and up to date validation reports to avoid potential loss

Investigation and Policy Confirmation:

  • Investigation into money laundering activity
  • Investigation into fraudulent financial and underwriting activities.
  • Third-party confirmation of the authenticity of policies issued by the company and all other official documents.

Deadline: 11th August, 2020.

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