The Role
Leads the internal audit, risk management, and compliance functions. Develops risk-based audit plans, evaluates controls, conducts financial, operational, station, depot, transport, inventory, procurement, and forensic audits, and investigates irregularities. Provides independent assurance to executive management and the Board, monitors regulatory and tax compliance, produces audit reports, and tracks remediation. The role requires leadership experience, professional accounting certification, strong analytical ability, and knowledge of downstream oil and gas retail operations.
Summary Generated by Built In
HIRING – Head of Audit
Location: Lagos, Nigeria
Our client is a fast-growing player in Nigeria’s downstream oil and gas sector. Dedicated to driving excellence, integrity, and efficient distribution of petroleum products, they operate an expansive retail network that delivers quality fuel, lubricants, and allied services to consumers across Nigeria.
The company is seeking to hire a Head of Audit who will oversee the internal audit, risk management, and compliance function for the company. This role will establish robust risk frameworks, conduct comprehensive financial, operational, and station wet-stock audits, and provide independent assurance to Executive Management and the Board.
Key Responsibilities:
Key Responsibilities:
- Formulate and execute the annual risk-based internal audit plan covering retail stations, depots, transport operations, corporate finance, and procurement.
- Evaluate the effectiveness of internal control systems, identify operational vulnerabilities, and recommend improvements to prevent fraud, financial leakage, and inventory theft.
- Design and lead field audits across retail stations and terminals, focusing on dip reconciliation, cash control, product receiving, and inventory variance investigations.
- Conduct deep-dive financial audits, revenue assurance tests, procurement reviews, and special investigations into suspected irregularities or compliance breaches.
- Prepare clear, actionable audit reports detailing findings, business risks, and management recommendations; track implementation of audit remediation plans.
- Monitor organizational adherence to statutory requirements, tax laws, NMDPRA regulations, and corporate policies.
Requirements
Key Requirements:
- Bachelor’s Degree in Accounting, Finance, or a related discipline.
- Full Certification (ICAN or ACCA) is mandatory. Certified Internal Auditor (CIA) or CISA is an added advantage.
- Minimum of 8–10 years’ progressive internal or external audit experience, including at least 3–5 years in a leadership role. Experience within downstream oil and gas (retail) operations is preferred.
- Extensive knowledge of wet-stock auditing, inventory reconciliation, accounting software (e.g., Zoho Books, QuickBooks), forensic investigation, and risk analysis.
- High level of integrity, objectivity, sharp analytical acumen, and strong report-writing skills.
Benefits
Compensation:
Negotiable
Negotiable
Skills Required
- Bachelor's degree in Accounting, Finance, or a related discipline
- Full ICAN or ACCA certification
- Certified Internal Auditor (CIA) or CISA certification
- Minimum of 8–10 years of progressive internal or external audit experience
- At least 3–5 years of audit leadership experience
- Experience within downstream oil and gas retail operations
- Knowledge of wet-stock auditing and inventory reconciliation
- Experience with accounting software such as Zoho Books or QuickBooks
- Knowledge of forensic investigation and risk analysis
- High integrity, objectivity, analytical ability, and strong report-writing skills
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The Company
What We Do
Dunn and Braxton is an international management consulting firm that provides bespoke recruitment, talent outsourcing, and HR support services to help business owners and founders meet their human capital needs. Based in Nigeria, they aim to be a trusted talent solution provider in Africa, enabling companies to optimize productivity and focus on core innovation by managing their non-core human resource functions.
