Audit Manager

Key Responsibilities

Audit Planning and Execution:

Develop and execute a comprehensive annual audit plan based on risk assessments and project priorities
Develop and manage the audit schedule and timeline for the project.
Oversee the execution of internal audits, external audits, and compliance audits for all project activities.
Lead and perform audits across operational, financial, inventory, and compliance areas, ensuring adherence to internal controls and policies
Carry out the audit process to review all payments and transactions in the central and cluster offices
Review audit results and ensure corrective action plans are implemented as needed.
Financial Compliance and Risk Management:

Ensure project financial activities comply with USAID regulations, KNCV Nigeria's financial policies, and applicable Nigerian laws.
Evaluate the effectiveness of internal controls and identify areas of improvement or potential risks
Identify financial risks and design internal control systems to mitigate risks of fraud, mismanagement, and inefficiencies.
Ensure the organization’s operations comply with applicable laws, industry standards, and internal policies
Monitor compliance with financial regulations, tax obligations, and corporate governance standards.
Ensure accuracy and integrity of financial reporting and analysis for the project.
Reporting

Prepare detailed audit reports and present findings and recommendations to senior management and the audit committee
Provide audit findings and recommendations to management and ensure corrective measures are taken.
Monitor the implementation of all external audit recommendations and follow up on corrective actions using the developed audit tracker.
Ensure timely submission of audit reports to management and other relevant stakeholders.
Capacity Building and Training:

Provide training and guidance to the project team and sub-recipients on financial compliance, internal controls, and audit processes.
Build and manage the internal audit team, providing direction, coaching, and development.
Foster a strong ethical culture and internal awareness of controls and audit readiness across departments.
Identify inefficiencies and recommend enhancements in processes, systems, and workflows.
Stay up to date with industry’s best practices, regulatory changes, and emerging risks relevant to the NGO donor funding sector
Collaboration and Coordination:

Work closely with the finance team to ensure proper documentation, accurate financial records, and transparent financial processes.
Coordinate with external auditors, USAID, and other partners during audit reviews and inspections.
Liaise with the Director of Finance and Operations and the Project Director to address audit findings and implement corrective actions.
Continuous Improvement:

Stay updated with audit best practices, USAID financial regulations, and Nigerian financial policies to ensure continuous improvement in financial management practices.
Provide recommendations to enhance the effectiveness of financial processes and internal controls.