Head - Internal Audit - Real Estate - CA

Job description:

Scope:

The position is responsible for ensuring Internal Audit, closely aligned with industry best practices in executing the duties across the companys business and financial operations. Works to ensure roles, responsibilities, and results are efficiently coordinated and collectively optimizing the effectiveness of risk management, control and governance of the company

Responsibilities :

- Lead Internal Audits change initiative by implementing action plans related to risk assessment and annual planning, audit execution, audit reporting, audit technology and Audit Committee reporting.

- Lead Internal Audits annual risk assessment & enterprise risk assessment and planning process to develop the audit plan. Also ensure the plan is responsive to and aligned with the risk profile of the organization.

- Oversee the execution of individual audits defined in the audit plan ensuring the highest level of service quality and client satisfaction.

- Issue all Internal Audit reports ensuring the reports are clear, concise, identify root causes with practical solutions, and ultimately provide value to management.

- Meet regularly with the Audit Committee to report the status of Internal Audits ongoing monitoring activities, educate/inform the committee of emerging risks and/or exposures (whether internal or external to the company) that should be considered, and serve as a "thought leader" with respect to risk management and internal control best practices.

- Proactively inform senior management of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention.

- Assist Risk Management with the development of the Company's Own Risk Solvency Assessment (ORSA) report to the regulators.

- Perform internal controls assessments of acquired companies or joint venture companies and lead efforts to mitigate identified control deficiencies.

- Manage the process to track, follow-up, and ultimately close all open audit issues leveraging the Audit Committee, if necessary.

- Actively participate in executive management meetings and/or committees to ensure that Internal Audit is well-informed of key business developments that could have an impact on audit priorities and/or plans.

- Attract, hire, and retain a team of high-performing audit professionals who possess outstanding knowledge, experience, ethics, and integrity.

- Ensure that Internal Audit is performing its work in accordance with established professional standards and remain abreast of emerging trends and best practices that can be incorporated into the function.

- Oversee Internal Audit's participation in critical business and technology initiatives and projects ensuring that audit's perspective is effectively voiced and appropriate controls are designed and implemented on a proactive basis.

- Maintain audit technology platform leveraging support from the information systems group as needed.

- Coordinate the activities of external auditors including how best to leverage the work performed and results produced from Internal Audit's work.

- Serve as the key point person on all regulatory assessments and other third-party audits.

Knowledge and Skills:

- Knowledge of Auditing Standards

- Knowledge of Accounting and Finance Principles and Practices

- Knowledge of a variety of reporting procedures, regulations and law

- Critical Thinking & Analytical skills

- Effective Communication and Human Relations skills

- Tenacity and Ethics

- Technology Proficient

- Should have high attention to details

Experience and Education:

Chartered Accountant with 12-20 years of experience working as Internal Auditor preferably from RealEstate Industry. Has proven working experience as Internal Auditor and has proven knowledge of auditing standards and procedures, applicable laws and rules & regulations.