Head - Internal Control Systems

Company Name :

Purpose:

Serves as the organization’s chief audit executive and as a member of the executive management team. Performs advanced level professional internal auditing work as a key component of the corporate governance structure. Work involves directing a comprehensive audit program including performance, financial and compliance audit projects.

Scope:

All Locations of the Company.

Roles & Responsibilities:

• Sets objectives for the department based on the medium-term objectives and monitors the same at regular intervals.
• Guides audit staff in the planning, organizing, directing and monitoring of Internal Audit operations, including assisting in training and evaluating staff; and taking corrective actions to address performance problems.
• Directs the identification and evaluation of the organization’s risk areas and oversees the development of the annual Audit Plan.
• Identify/suggest improvement & cost savings opportunities, prepare audit findings and make suitable recommendations.
• Interacts with team and prepares annual plan for internal audit activities to meet set objectives.
• Discusses with statutory auditors about the annual audit plan and gets approval from Audit committee.
• Develops audit plan for individual auditors and assigns the task to them to meet requirements.
• Sends communication on the annual audit plan to all concerned auditees as per procedure and to ensure the presence of concerned individual during auditing.
• Develops the audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting the processes and procedures to meet requirements.
• Reviews and verifies the audit reports submitted by team members at regular intervals.
• Consolidates the audit reports and presents them to management on monthly basis.
• Verifies and send reports to audit committee on the corrective actions taken for the major deviation areas/points.
• Coordinates with external auditors for internal auditing of regions/warehouses and to ensure the same are carried out as per plan.
• Conducting comprehensive audits across divisions to enhance operational efficiency, compliance and financial reliability.
• Represents internal audit at management meetings and with external organizations.
• Prepares annual budget (manpower, capex and revenue) for the internal audit section and forwards to director in charge for review.
• Monitors and controls operating budget for the Internal audit Department (Revenue and Capital Budget).
• Communicates the results of audits via written reports and oral presentations to management and the Board of Directors.
• Provides professional guidance to the audit team in the identification, development and documentation of audit issues and recommendations.
• Pursues professional development opportunities, including internal and external training and professional association memberships, and shares information gained with audit team.
• Recommends or nominates the team members for training programmes to enhance their knowledge and skill.
• Recruits and supports HR in acquiring the right talent for the section.

Key Competencies:

• Strong understanding of internal control frameworks, including developing risk control matrices, guiding the team, and performing control assessments.
• ERP or particularly SAP knowledge (Mandatory Requirement).
• Ability to develop, implement, and maintain a delegation of authority manual to ensure clear lines of accountability.
• Proficiency in data analytics tools for maintaining existing exception reports and developing new ones.
• Skilled at delivering clear, concise presentations on complex topics, ensuring tactful communication with the Board.
• Maintain excellent business report writing skills to translate technical IT reports from IT auditors into clear, concise reports for the Audit Committee.
• Effective communication and relationship building skills to understand concerns and communicate clearly with both the Audit Committee and Management.
• Internal audits and manufacturing operations preferred.
• International travel Audit exposure by geo region.
• Preferred Certified Internal Auditor (CIA) and/or Certified Information Systems Auditor (CISA) certifications.

Qualification & Experience:

• Qualified Chartered Accountant (CA’s) mandatory with 18-25 years of experience in Internal audit, risk management, and compliance.
• Manufacturing industry experience is desirable.