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SIMON PETER
Personal data and contacts will be open only to employers with access to CV database
Accountant/audit manager 4 000 000
Job Type: Full-Time , open to relocation

Education

From 0 to 2004
THE POLYTECHNIC, IBADAN
No added languages

Experience

Head, Internal Audit & Risk Management.
ELBLAST INDUSTRIES NIGERIA LIMITED
April 2012 - Present Day (5 years 1 month)

Summary

Responsible for audit reviews of administrative, commercial, technical and management processes and systems. To ensure alignment of activities with company’s goal, risks management and effective use of company resources. Also ensuring the implementation of effective controls in all business processes, operations and systems, in order to promote transparency and good corporate governance.


Other Responsibilities Includes;

* Provide independent and objective assurance on the management of risks throughout the organization.
* Report to the Audit Committee at the agreed intervals on Internal Audit assignments including planned reviews, investigations, risk advisory work and any other activity as required.
* Provide advice to management regarding the development of internal audit planning, processes, techniques and best practices in order to improve operational efficiency of the internal audit function.
* Provide the business units, Executive Management, Audit Committee and the Board with advisory services relating to internal and external risk exposure, good governance and best practices in Business Risk Management.
* Oversee and coordinate the preparation and execution of the internal audit plans/programs and ensure adherence to specified timelines and actions.
* Plan, design and implement a robust risk management process for the organization, ensuring there is a system in place to identify and analyze all major risks, on a regular basis.
* Oversee internal audits in Elblast Industries Nigeria Limited covering the independent and objective review of financial processes and controls as well as information systems in line with international internal audit standards.
* Approve and coordinate the conduct of investigations into suspected fraudulent/sharp practices across the organisation and recommend the appropriate line of action in response to findings.
* Express opinion on adequacy and effectiveness of existing and proposed internal controls to manage risks.
* Support business units through promotion of risk awareness, development of risk profiles, mitigation of risks and effective implementation of agreed action plan.
* Perform other duties as assigned by the Managing Director/Chief Executive Officer.

Ag. Head, Internal Control, Audit & Risk Management
IGI Pension Fund Managers Limited (Subsidiary of Industrial And General Insurance Plc)
September 2009 - May 2011 (1 year 9 months)

o Formulating audit and internal control procedures and program.

o Formulating risk management procedure in accordance with PenCom’s requirements.

o Preparation of Risk Management report and ensure strict compliance with Management’s risk policy.

o Carry out full scale audit on the entire Company and ensure that all audit recommendations are implemented.

o Write report to the Board Audit Committee on weaknesses observed in any area of the system.

o Carry out independent Legacy fund reconciliation, intercompany reconciliation and Pension fund custodian reconciliation in line with PenCom’s regulations.

o Carry out compliance test as required by PenCom.

o Prepare audit work papers; identify internal control strengths & weaknesses, accounting errors or compliance violations.

o Carry out special audit investigation as may be required from time to time.

o Monitor compliance with company safety procedures; (Back-Ups, Disaster Recovery Planning, & Contingency Planning).

o Monitor compliance with established security procedures: Access & Monitoring Controls (User ID, Password & Network) to ensure company’s integrity of data.

o Review Investment report and ensuring that investment is within PenCom’s approved limit and scope and report any violations to Board Audit Committee.

o Review Management Accounts/ Financial statement, Bank reconciliation

Internal Auditor/Team Leader, (Internal Control, Systems & Compliance Department)
Industrial And General Insurance Nigeria Plc
March 2008 - May 2012 (4 years 3 months)

Internal Auditor/Team Leader, (Internal Control, Systems & Compliance Department)

Responsibilities:

o Review & audit of Branches, subsidiaries (GTB Uganda, NIC Uganda, Sonawa, Rwanda; Gamstar, Gambia; IGI Ghana, IHMS, Monacom, IGI Pensions, Orbital Computers, GTSL, Shaw etc) and Head Office accounts

o Carry out prepayment & post payment audit of head office, branches and subsidiaries.

o Member of risk committee of NIA, representing Director, Internal Control System & Compliance, IGI Plc.

o Report to Senior Management on risk matters discussed at NIA Risk Committee Meeting.

o Carrying out compliance audit exercise.

o Prepares audit report for Executive Management decision making.

o Carrying out independent calculations of statutory deduction such as PAYE, VAT, WHT, and ensuring that they are remitted to the relevant tax authority.

o Review Management Accounts/ Financial Statement.

o Follow up on audit recommendations and carry out Value for Money Audit

o Review all investigations carried out by Audit staff members.

o Review of claim files – Life & Non-Life businesses

o Investigate into any reported fraud case and write report to Executive Management

o Carry out routine audit assignments in various subsidiaries, branches and head office and to meet objectives within time constraints.

o Ensures that KYC/KYP (Know Your Customer/Know your Policyholder) rule is complied with by IGI Plc & Global Trust Saving & Loans Ltd (GTSL).

o Vouching all payment teller and ensuring that they posted correctly the respective tellers.

o Prepares Anti-Money Laundering report submitted to National Insurance Commission for cash payments exceeding N1m & N5m for individual and corporate organizations respectively and also ensuring compliance with NAICOM regulations.

o Carry out compliance test of head office

o Prepare audit work papers; identify internal control strengths & weaknesses, accounting errors or compliance violations.

o Carry out special audit investigation as may be required from time to time.

o Carry out cash count exercise within the group

o To review the transaction files and accounts/ returns of head office, branches & subsidiaries and vouching of all payments within the group

o Training of staff on internal audit methodology.

Internal Audit Manager, (Group Internal Audit Department),
Frigoglass Industries (Nig.) Ltd. (a member of A.G. Leventis Group)
June 2005 - March 2008 (2 years 10 months)

JOB SUMMARY:

* Periodic review and analyses of compliance with management policies.

* Provide comprehensive and complete records and database management of documented audit trails.

Roles and Responsibilities.

o Plan and execute yearly auditing of all the functions and processes at the factory.

o Manage risk assessment and evaluation of controls in processes and policies.

o Manage compliance testing/verification of processes and procedures.

o Review all investigation carried out.

o Review and sign off on pre & post payment audits and report.

o Oversee Electronic Data Processing (EDP) control review and evaluation.

o Monitor computer risk and assessment control exercise (IT Security).

o Review all audit reports and send to head, internal audit for information management.

o Manage investigations teams in areas of discrepancies.

o Prepare audit work papers. Identify internal control strengths and weaknesses, accounting errors or compliance violations.

o Follow up on audit recommendations and carry out Value for Money Audit.

o Review Monthly Management Account and carry out Finance Review of each Plant.

o Monitor compliance with company safety procedures; (Back-Ups, Disaster Recovery Planning, & Contingency Planning). Monitor compliance with established security procedures: Access & Monitoring Controls (User ID, Password & Network) to ensure company’s integrity of data.

Assistant Accountant. (Banking operations Dept.)
Frigoglass Industries (Nig) Limited, (a member of A.G. Leventis Group)
December 2003 - May 2005 (1 year 6 months)

o Negotiating interest rate & arranging bank overdraft/credit facilities from the banks.

o Confirmation of cheques issued to customers to the banks.

o Initiating of opening of bank accounts upon request for the organization by the Finance Director and opening of bank accounts for new Expertirates.

o Arranging approval of form ‘M’ and opening of Letter of Credit (LC)

o Preparation of intercompany (Leventis Oversea Limited) reconciliation to ascertain actual amount to be remitted and applying appropriate exchange rate.

o Monitoring and documentation of all unutilized balances with various banks on Letters of Credit (LC) opened.

o Liaising with shipping/logistics department on all imported items and making sure that clearing agents delivers the goods/items to its destination timely.

o Ensuring that oversea beneficiaries receives their money as and when due.

o Ensure that import in-progress schedule is updated daily.

o Ensuring Compliance with Company’s Policies and Accounting Standards and Proper Documentation of Accounting Transactions.

o Ensuring compliance with internal control procedures.

o Monitor daily balances for maturity, rollover and liquidation of short-term investments.

o Preparation of Bank positions on a weekly basis for GMD, Finance Director & Group Banking Operations Controller.

o Monitoring and review of the company placement of funds in short term investments such as Bankers Acceptance and Fixed Deposits including negotiating with banks for rates.

o Preparation of budgets and compares actual with projected for management decision making.

o Maintains liaison with officials of local banks to obtain day-to-day information on exchange and interest rates, changes in procedures and regulations of CBN and matters pertaining to maintenance of office bank accounts.

o Monitoring CBN exchange rate for purpose of FX purchase.

o Ensure that Bank Overdraft interest charge and Bank C.O.T. is computated and comparing same with amount charged by the Bank.

o Writing of protest letters to banks in case of over charge on overdraft interest, COT and commission on LC(s).

o Ensuring that Funds are transferred to all divisions/plant Weekly.