Bowen University is a licensed private institution owned by the Nigerian Baptist Convention and established in July 2001 with a commitment to high performance and adding a distinctly moral dimension and Godly value to tertiary education in Nigeria and beyond.

We are recruiting to fill the position below:

Job Title: Deputy Director, Internal Audit

Location: Iwo, Osun
Department: Internal Audit

Responsibilities
Successful candidate would be required to carry out the following functions:

• Conduct an annual risk assessment of the University in consultation with the Finance and General Purpose Committee and Management; develop an appropriate annual internal audit plan to monitor and report the adequacy and effectiveness of the University and its subsidiaries’ processes and risk management.
• Coordinate and provide oversight on control and monitoring functions such as risk management, compliance, security, legal, ethics, environment and external audit.
• Report to the Governing Council, Finance and General Purpose Committee and Management significant issues related to the processes for controlling the activities of the University and its subsidiaries by recommending potential areas in need of improvement.
• Preparation and presentation of periodic risk-based Audit report to the Governing Council on the status and results of the annual internal audit plan for decision making.
• Assess the means of safeguarding assets, review established procedures and systems and propose improvements.
• Carry out ad hoc appraisals, special investigations or reviews as requested by the Governing Council, Finance and General Purpose Committee and Management
• Ensure that significant legislative or regulatory issues impacting the University are recognized and addressed timely and appropriately.
• Ensure that potential fraud risk is managed; fraud deterrence controls are evaluated for adequacy and effectiveness and suspected occurrences of fraud are investigated.
• Develop and implement internal audit control strategies, policies and procedures across various departments in the University while observing effectiveness of established internal control policies, procedures and processes; and ensuring compliance with IT Policies.
• Lead, direct and coordinate affairs of the Internal Audit department by assigning both routine and one off assignments to internal audit team as the job requires
• Identify control issues and advising management on control weaknesses
• Budget review, payroll management; ensuring value for money, pre-payment Audit of payment vouchers.
• Carry out high level investigations and audit enquiries, monitoring and evaluating contract performance.
• Handle related correspondencen.
• Discussion of the university financial statements and management accounts with the External Auditors and Bursary before presentation to Council.

Qualifications and Experience

• Possession of a Degree not lower than Second Class Lower in Accounting or other relevant Degree (Economics, Finance, Business Administration etc), obtained from Bowen University or other recognized Universities.
• At least twelve (12) years cognate experience.
• NYSC Discharge / Exemption Certificate.
• Possession / Membership of any of the under-listed Professional Accounting / Audit bodies
• Institute of Chartered Accountants of Nigeria (ICAN),
• Association of Certified Corporate Accountants (ACCA),
• Institutes of Chartered Accountants of England and Wales (ICAEW)
• Evidence of computer literacy/proficiency in the use of relevant accounting/auditing packages.
• Possession of a Master degree in relevant field(s) and cognate working experience in a tertiary institution shall be added advantages.

Salary and Conditions of Service

• Bowen University runs a unique remuneration package, which is similar to what obtains in other tertiary institutions. The University is a fully residential institution.
• Consequently, it is mandatory for the staff of the University to be resident within Iwo or Ogbomoso as may be applicable.

Application Closing Date
19th October, 2022.