Fosroc - Head - Internal Audit - CA/ICWA

Objective of the role:

- To conduct internal audits as per the approved plan and appraise the effectiveness of internal controls, Risk Management, and Statutory compliance.

- Auditing the efficiency of business processes

- Ensuring the business adheres to policies, procedures, legislation, and regulations.

- Ensure timeliness & transparency in reporting on key controls and recommend corrective measures to prevent recurrence in future

- Follow up with Business leads to ensure all Audit points are closed, to enhance effective controls

- Ensure the business assets are safeguarded, inefficiencies revealed, and the business protected against waste, frauds, and losses.

- Implement such other special assignments as reported by Group IA.

Key Areas of Responsibility:

ESSENTIAL

- Ownership of value-adding internal audit work, from planning and research through to formal close-outs and delivery of high-quality reports.

- Jointly plan the audit schedules and scope with Group Internal Auditor, and India senior leadership, and execute these plans. The plan is to be effectively communicated to the business with clear milestones, responsibilities

- Review audit points with Group Internal Auditor and Fosroc India senior leadership and agrees on close-out actions with Business. Follow up with Business leads to ensure timely closure.

- Ensure that management controls are functioning effectively & ensuring operations are in sync with the overall objectives of the company. This includes a thorough review of manufacturing processes, production planning & scheduling, efficiency in purchase procedures, financial controls etc.

- Focusing on "Risk" aspects of the business, devising constantly, control effectiveness. "Risk" area's can be assessed in discussion with Business and Group IA and can be refreshed, post audits.

- Ensure that broad principles of commercial accounting have been consistently followed and any deviations are properly authorized and disclosed in relevant statements to management.

- To review, assess, and report on the effectiveness of management policies & procedures, their performance & efficiency, and effectiveness in measuring profitability and productivity of capital invested. E.g. inventory controls, optimum utilization of capacity etc.

- Ensure quick closure of queries raised during the audit by discussing with relevant functional heads and securing concurrence. Areas that require qualification to be separately documented and discussed with management.

- In case of any urgent points that cannot wait till the issue of the final audit report, intimate Group IA and Fosroc India senior leadership, through an interim audit report or progress report so that the matter is discussed without delays.

- Maintain adequate records, working papers of audits completed with dates of completion, remarks, etc

- Liaising with all levels of management and building successful relationships across the business.

SECONDARY:

- Conduct follow up audits once a quarter that will focus first on the queries raised in the previous quarter and whether it was successfully resolved. In case there are pending action items, the same needs to be reported to management without delay.

Education Qualification & Experience:

- C.A. or ICWA with 10+ years of working knowledge as senior Internal Auditor in a manufacturing environment with strong communication skills.