Head - Internal Audit - CA - FMCG

Role: Head Internal Audit

Reports to: Executive Director Finance

Location: Gurgaon

Background and experience: CA with 10-15 years of experience within risk management and internal audit, with In-depth understanding of industry’s best business practices, policies and procedures, preferably from a Manufacturing background.

The individual must have handled large teams, worked in diverse industries across geographies with an experience in Global audit practices

This individual will be responsible for managing 5 geographies to include with 10 locations alongwith new projects with a turnover of over 300 Cr.

Key responsibilities:

Audit Plan, Procedures & Documentation

- Develop audit programs for various audits

- Strengthen documentation in terms of walkthroughs, process flows and agreements

- Apply sampling standards for all audits

- Prepare, agree and track the annual audit plan

Reporting

- Issuance of Audit Reports within 2 weeks of field work, to be also shared with all stakeholders

- Ensure opening and closing meetings with respective teams

- Periodic meetings/ follow-up with Internal ILTs to continuously monitor risk and add value

Co-sourcing Of IA Function

- Ensuring smooth and effective transition

- Covering HO functions and all sites (25-30 audits pa)

- Updation of Internal Controls. Generation of exception reports

- 5 management reviews covering different areas

Business Partnering

- Continuous review of SOPs and actual practices for alignment

- Identify opportunities and formulate ideas towards cost savings

- Sharing global standards & best practices

- Ensuring standardization of practices across locations / functions

Global Internal Audit Follow-up

- Ensure all Global Internal Audit observations are closed within the agreed timelines

- Incorporate the pre-work data in the Internal Audit plan

Concurrent audit for new projects

- Conduct concurrent audit

- Review SOPs/ process flows

- Assess risks and rewards

- Develop risk mitigating plan

- Assess fraud

Business Continuity Process

- Ensure that the annual BCP plan is rolled out in time

- Coordinate with various Functional BCP Champions

- Ensure timely updation of annual Business Internal Audit and Business Continuity Plan

- Coordinate with various functions for the Business Continuity Plan

Risk Management and Compliance

- Ensure smooth and effective implementation of India Pilot

- Ensure annual plan for Risk Management is rolled out in time

- Coordinate with various functional Internal Control teams to ensure that all Risk maps are in place

- Track updation of Risk Maps

- Annual fraud assessment

Individual Empowerment/Knowledge building

- Audit Team/ Knowledge Sharing - Establishing ways of working for IA function

- Audit Session - Conduct audit sessions across functions to create awareness

Must have Skills:

- In-depth understanding of industry’s best business practices, policies and procedures.

- In-depth knowledge of auditing techniques

- In-depth knowledge of auditing standards by ICAI

- Knowledge of accounting principles, Cost / Financial Analysis

- Working knowledge of tax and regulatory environment- Companies Act, SEBI guidelines, Income tax, Excise, Sales tax, PFA, Labour Law etc

If this role interests you, please write to me at apandey@antal.com with your updated CV and I will get back to you for a detailed discussion.