Flipkart - Associate Director - Internal Audit - CA

Position objective:

- Examine and evaluate the adequacy, effectiveness and efficiency of the organization's internal control systems and procedures and recommend corrective actions to improve operations, enhance internal controls and reduce costs where possible.

- Ability to work independently, remain flexible with the ability to prioritize workloads, and maintain a strong attention to detail in a fast-paced environment.

- Display leadership and project management skills to complete quality work on time with budgeted resources.

Key Responsibilities:

Internal Audit :

- Assist in developing risk- based annual audit plan detailing the scope, nature and timing of audit activities for the allocated business vertical/ entities of Flipkart group.

- Design internal audit procedures and work programs.

- Conduct in-house internal audits to assess the adequacy, effectiveness and efficiency of the established internal controls and procedures.

- Identify key areas of risk within the organisation and propose appropriate controls with the objective of mitigating the risks and improving financial & operational performance.

- Provide periodic updates to the head of the internal audit on the progress of the audits assigned.

- Review the accuracy, timeliness and relevance of financial information and other disclosures provided to management.

- Hold regular update meetings with the auditees and with co-sourced partners.

- Discuss audit findings and recommendations with line managers and report significant issues to senior management.

- Work closely with the auditees to ensure appropriate action plans are provided to mitigate the risk highlighted.

- Prepare audit reports and be responsible for the overall quality of the report.

- Periodical follow-up with auditees of all agreed management action plans and monitor the timely implementation.

- Assist with providing senior management and the Board of Auditors with an opinion on the adequacy, effectiveness and efficiency of the internal controls in the organisation.

Continuous improvement :

- Assist the development of an internal control culture, including training to staff.

- Monitor the trends and developments in the internal audit area.

- Conduct ad-hoc investigations and reviews as requested by senior management or head of internal audit.

- Develop an open and honest working relationship with those being audited and maintain a professional approach at all times.

- Share best practices, tools and testing methodologies with other team members, and contribute to departmental projects.

- Liaise with the external auditor on internal control issues.

Reporting :

- Report on internal control issues and the implementation of the internal audit plan to head of the Internal audit / Process owners.

- Assist in preparation of presentation for audit committee meetings.

- Report on the status of implementation of management action plans.

- Main interactions with other functions/ external entities

- Frequent interaction with all personnel within the organization, senior management and co-sourcing internal audit partners.

REQUIRED KEY SKILL SET AND PREFERRED PERSONAL ATTRIBUTES :

KEY SKILL SET :

- Expertise in internal audit, risk and control functions

- Excellent communications and presentation skills

- Analytical bent of mind

- Expertise in the functioning of an e-commerce or retail industry (desirable)

- Ability to work in high tech big data environment

PREFERRED PERSONAL ATTRIBUTES :

- Integrity

- Capable of a rigorous analytical approach and result oriented

- Ability to grasp detailed processes and place details in a wider context

- Self-Starter

- Personal organization and planning skills

- Perseverance in the analysis of issues

- Flexible and stress-resistant

- Ability to organize and prioritize

- Ability to explain findings and to convince the organization to implement audit recommendations.

FORMAL QUALIFICATION AND EXPERIENCE REQUIREMENTS :

FORMAL QUALIFICATIONS:

- Qualified Chartered Accountant

- Internationally recognized accounting or auditing certification, such as CIA, CISA, CFE (desirable)

- MS Office (Word, PowerPoint, advanced Excel)

PROFESSIONAL EXPERIENCE :

- Years of experience required for the position:

- 12-15 years of relevant work experience in internal audit/risk management/ process control in a dynamic large organization or professional accounting firm including exposure to:

- Trading, Revenue, Procurement, Inventory, HR and related activities

- Operational, Financial and Compliance related activities

- E-commerce functions / operations (desirable)

- Audit techniques - work programs, tests, sampling, documentation, reports (desirable)