Head - Internal Audit - Manufacturing Firm

1. JOB PURPOSE:

To lead the internal audit activities for Odisha & Vizag function including effective and efficient delivery of audit projects, special assignments, team management and stakeholder management.

2. ACCOUNTABILITIES AND RESPONSIBILITIES:

Internal audit assurance for Hazira and Corporate functions:

a. Development of risk-based audit plans and engagement planning

b. Close monitoring of audit engagement and guidance to execution teams

c. Ensure compliance with IA methodology

d. Ensure timeliness in delivery of audits

e. Ensure timely and effective closure of audit observations

Stakeholder management:

a. Engage and manage the key stakeholders at senior and middle management level

b. Continuous interaction with the management to remain updated on business developments and industry updates.

c. Getting buy-ins from the stakeholders for audit recommendations

d. Play key role in conflict management

Internal audit governance management:

a. Provide active support to CIA for finalization of audits.

b. Preparation of effective presentations for management committee and Assurance Review Committee

Team development:

a. Assess the training and development needs of the teams.

b. Assess leadership potential and development

c. Job enrichment factors identification for talent retention

3. KEY CHALLENGES:

The job requires negotiations skills to put forward the audit observations, analyze the root causes and then agree on workable audit recommendations. This requires deep understanding of industry, business processes, best practices, understanding of business situation and exigencies, etc.

Ability to interact with senior management with required maturity and ability to rise to the requirements.

4. KEY DECISIONS:

A. Made by Jobholder:

1. Scope and planning of audit assignments

2. Resources allocation and work schedules

3. Audit findings finalization

4. Team's performance evaluation

5. Matters for escalation to CIA

5. KEY STAKEHOLDERS:

Internal:

MC members of the respective function, CXO, operational heads

External:

Co-sourced audit firm partners and teams, statutory auditors

6. SKILLS & KNOWLEDGE:

Technical Skills:

Hands-on knowledge of IA frameworks, strong business, and commercial acumen,

Behavioral Skills: Team management, interpersonal and negotiation skills, conflict management, expertise in written and verbal communication

Required Years of Experience: 18 to 20 years, out of which at least 3 years should be in the internal audit leadership position in a large mining & manufacturing/infrastructural companies set up or at Director level in Big 4 accounting firms. Partner or Director from accounting firms other than Big 4 having similar experience can be considered.

Required Qualification:

Must to have - CA or MBA with CIA

Added advantage - Certifications in data analytics, continuous auditing