Crompton Greaves Consumer Electricals - Head - Internal Audit

Job Title: Internal Audit Head

Location: Mumbai, India

Crompton Greaves is the leading Fast-Moving Consumer Durable company in India committed to delivering high-quality products to our consumers. With a strong focus on growth, sustainability, and excellence, we are dedicated to maintaining the highest standards in our operations. As we continue to grow, we are seeking a talented and experienced Internal Audit Manager with deep business understanding.

Position Overview: We are seeking an experienced Internal Audit Manager with a deep understanding of both audit methodologies and the intricacies of the Manufacturing sector. In this role, you will lead our internal audit function, ensuring the effectiveness of internal controls, risk management processes, and compliance with industry regulations.

Key Responsibilities:

1. Internal Audit Strategy:

- Develop and implement a comprehensive internal audit strategy aligned with the company's objectives, considering both general audit principles and the specific challenges of manufacturing and sales processes.

- Establish and maintain a risk-based internal audit plan to assess the effectiveness of internal controls and compliance with policies and regulations within the Indian business landscape.

2. Risk Management:

- Identify and evaluate the organization's key risks within the Indian market, providing recommendations for mitigating actions.

- Collaborate with management to develop and enhance risk management processes and procedures tailored to the companys objectives and strategy.

3. Fraud detection and Investigation:

- Investigations for whistle blower and ethics violation complaints.

- Responsible for reporting the outcome of key investigations to the Audit Committee.

4. Audit Execution:

- Lead and conduct internal audits independently or with a team, ensuring timely completion and reporting of findings.

- Review financial statements and operational processes, and systems specific to the company to assess reliability and integrity of information and reporting.

- Overseeing the implementation of audit recommendations, evaluating the impact of management's remedial actions

5. Compliance and Policies:

- Develop and maintain internal audit policies, procedures, and methodologies designed by the company.

6. Stakeholder Management:

- Communicate audit findings and recommendations to senior management and key stakeholders in the company.

- Work closely with business to provide guidance on internal control best practices.

7. Team Management: Supervise and conduct audits along with co-sourced partner firms.

Qualifications and Skills:

Education: Professional certification such as Chartered Accountant (CA) is required.

Experience: 13-15 years of progressive experience in internal auditing, with a focus on FMCG/FMCD/Manufacturing sector. Proven experience in leading and executing internal audits and risk assessments.

Skills: Strong analytical and problem-solving skills. Effective communication and interpersonal skills. Familiarity with industry best practices and emerging trends in India.