Job Description
Company Description
Apex Trustee is a leading provider of customized pension and retirement solutions, committed to empowering individuals and businesses in securing their financial futures. Our offerings include the Progress Personal Pension, Progress Master Trust Occupational Scheme, and Progress Provident Fund Scheme. With an emphasis on stability, adaptability, and long-term growth, Apex Trustee supports clients in achieving their financial goals.
Role Description
This is a full-time, on-site role for an Internal Audit Officer located in Accra.
Governance and Control Framework Assessment of Internal Controls: – Evaluate the effectiveness and adequacy of internal control systems.
Assess the integrity of financial and operational systems and identify operational, financial, and compliance risks
Evaluate the trustee’s risk management processes and monitor the implementation of risk mitigation strategies
Compliance and Regulatory Oversight: – Verify compliance with the National Pensions Act, 2008 (Act 766), Ensure adherence to NPRA Guidelines.
Monitor compliance with scheme rules and Review compliance with investment policy statements
Verify proper maintenance of scheme member registers and validate the accuracy and timeliness of member information.
Review annual audited financial statements, examine scheme and investment reports by verifying timely submission of reports to NPRA, also assessing the quality and accuracy of benefit statements to members.
Verify that scheme assets are properly identified and recorded and monitor the custody arrangements with appointed Pension Fund Custodians, verify that Investment Registers accurately record all investments.
Review Pension Fund Custodian compliance with contractual obligations.
Monitor the adequacy of controls and safeguards over pension fund assets
Review and evaluate administrative procedures and processes, assess the efficiency and effectiveness of scheme administration.
· Verify proper processing of transfer and payment requests.
· Review member benefit statements for accuracy and timeliness.
· Develop comprehensive annual audit plans
· Prioritize audit areas based on risk assessment.
· Conduct risk-based internal audits
· Test compliance with policies, procedures, and regulations
· Perform financial and operational audits.
· Prepare detailed audit reports with findings and recommendations
· Assign risk ratings to identify issues
· Provide remediation recommendations.
The Internal Audit Officer will be responsible for conducting audits, preparing audit reports, and assessing financial operations to ensure compliance and accuracy. The role also involves analyzing data, identifying risks, and providing recommendations for process improvements.
Qualifications
- Proficiency in conducting Auditing and preparing comprehensive Audit Reports
- Bachelor’s or master’s degree in accounting, finance, business administration
- Knowledge of Finance principles and practices
- Strong Analytical Skills for data interpretation and risk assessment
- Attention to detail, with excellent organizational and time-management abilities
- Strong communication skills, both written and verbal
- Understanding of regulatory compliance standards
- Bachelor’s degree in Accounting, Finance, or a related field
- Professional certifications such as CIA or ACCA are a plus,
- Membership in the Institute of Internal Auditors (IIA) Ghana Certified Internal Auditor).
- Knowledge of pension fund administration.
- Understanding of fiduciary responsibilities
- Familiarity with NPRA regulations and guidelines