INTERNAL AUDIT OFFICER AT TONY ELUMELU FOUNDATION | AUDIT JOBS IN LAGOS

About Company:

The main philosophy of the Tony Elumelu Foundation is based on our Founder’s desire to empower a generation of successful for-profit entrepreneurs who drive Africa’s economic and social transformation. 

Job Description:

1. Risk-Based Audit Planning & Strategy

• Plan Development: Design and execute an annual risk-based audit plan that covers the Foundation’s core operations and special projects.

• Grant & Donor Audits: Lead field audits on donor-funded projects to verify fund utilization and ensure 100% compliance with international grant standards.

• Governance Enhancement: Identify control deficiencies and conduct Root Cause Analysis to recommend corrective actions that strengthen the overall governance structure.

2. Compliance, Fraud & Risk Management

• Regulatory Oversight: Assess the Foundation’s adherence to local laws, donor-specific regulations, and internal policies.

• Investigation: Lead investigations into whistleblower reports or suspected fraud, providing meticulous documentation of findings and risk exposure.

• ERM Support: Evaluate the Enterprise Risk Management (ERM) processes and suggest enhancements to the Foundation's risk appetite and mitigation strategies.

3. Financial & Operational Excellence

• Financial Integrity: Audit financial records, procurement cycles, and large-scale grant disbursements to detect anomalies or misstatements.

• Operational Audits: Review the efficiency of TEF projects, ensuring that program delivery is both cost-effective and impact-driven.

• Data-Driven Auditing: Utilize data analytics tools to perform trend analysis and identify fraud risks within high-volume transaction datasets.

4. Stakeholder Engagement & Training

• Reporting: Prepare clear, concise audit reports for senior management, detailing key observations and actionable recommendations.

• Capacity Building: Conduct internal training sessions for staff on internal controls, fraud awareness, and governance principles to foster a culture of compliance.

Requirements:

• Standard Mastery: Deep knowledge of IIA (Institute of Internal Auditors) standards and the COSO Framework.

• Software: Advanced proficiency in MS Excel and modern audit management software (e.g., TeamMate, ACL).

• Analytical Skills: Proven ability to conduct complex root cause analysis and develop practical mitigation strategies.

Qualifications and Skills:

• Degree: Bachelor’s degree in Accounting, Finance, or Risk Management.

• Professional Certification: ACA, ACCA, or CISA certification is mandatory.

• Experience: 4–7 years of experience in internal audit or financial control.

• Sector Knowledge: Experience with donor-funded NGOs or international development organizations is a strong advantage.

Salary

Application Closing Date: 16th January, 2026

Application Instructions:

Clink the link below to apply