Internal Control Officer at Buymore Supermarket

Job Purpose

To ensure all company processes are followed correctly, risks are minimized, assets are protected, and all financial and operational activities comply with internal policies and regulatory standards. The role helps prevent fraud, errors, leakages, and operational losses.

Key Responsibilities

Operational Controls

• Conduct daily checks on store operations, cash handling, inventory management, and staff compliance
• Verify that all branches follow approved Standard Operating Procedures (SOPs)
• Monitor stock movement, receiving, transfers, and documentation for accuracy and compliance
• Ensure POS transactions, discounts, refunds, and cancellations follow authorization rules

Financial Controls

• Review daily sales reports, cash reconciliation, and bank deposits
• Check and verify petty cash usage and documentation
• Identify irregularities in financial transactions and recommend corrective actions

Risk Management

• Identify process loopholes and areas of financial or operational risk
• Recommend preventive measures to reduce fraud, shrinkage, and losses
• Monitor compliance with company policies across all departments

Compliance & Audit

• Perform routine and surprise audits across branches
• Confirm that all regulatory requirements are being met (e.g., taxes, receipts, records)
• Prepare internal audit reports and highlight non-compliance, discrepancies, and risks

Controls & SOP Improvement

• Assist in developing or updating SOPs and internal control policies
• Train staff on compliance expectations and operational guidelines
• Follow up on implementation of audit recommendations

Reporting

• Submit daily, weekly, and monthly reports on findings, variances, and irregularities
• Report urgent or critical issues immediately to management
• Suggest process improvements to management

Qualifications

• B.Sc. in Accounting, Finance, or Business