Company Name :
Purpose:
Serves as the organizations 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 organizations 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.
- Proficiency in Tamil is mandatory for this role.
- Age Restriction: Between 45 - 52 years.