Lead - Internal Audit - Manufacturing/Infrastructure - CA

Lead Internal Audit

Job Responsibilities :

1) Audit Universe and Annual Audit Scope completeness for Projects :

- Continuous monitoring of Audit Universe and Scope and their alignment to Business Strategy.

2) Pre-audit and Concurrent Audits (As instructed from time to time) :

- Timely completion of audits of contracts, purchase orders and payments beyond specified value and validating compliance by management on auditor's comments

3) Process Compliance : P2P, H2R, O2C (Scrap, Asset disposal) R2R, Costing

4) Infrastructure Development and Construction Continuous assessment and reporting on:

- Stage Gate Audit

- Time to complete and assess likely time overrun

- Cost to complete and assess likely cost overrun

- Claims for and against

- Direct & Indirect taxation optimization

5) Return on Investments (Projects) :

- Effective utilization of funds deployed and maximize return on investments

- Continuous identification of areas for cost savings in projects and liaise with Management for achieving them.

- Value savings reported by outsourced firms exceed costs incurred.

6) Compliances -Commercial & Contracts, Regulatory Effectiveness of:

- Compliance to Concession Agreements & Reporting

- Contract Compliances

- Policies, Procedures and Systems

- Compliance Software - Regulatory Reporting & Certification Process

- IFC Implementation

7) Audit Reports & Compliance Status :

- Monitoring Issue audit reports as per timelines fixed and upload them in a shared folder with appropriate access to Internal Audit team members across Group.

- Define responsibilities and timelines to management personnel

- Follow up on statutory auditors, cost auditors and secretarial auditors review reports to update audit universe, audit scope and/or closure of audit observations.

8) Data Analytics & Reporting : Use SAP R/3 and analytical tools for data mining on "AMPLE" basis and NOT on "SAMPLE" basis.

9) Talent Retention, Career & Succession Planning :

- Mentorship-induction, training and Progression of MT /JM.

- Schedule knowledge sharing sessions with outsourced firms and team members.

10) Team Efficiency and Effectiveness :

- % of open ATR items in High and Medium Risks < 10%.

- Schedule Quarterly Sector Governance Council meetings (Minimum 2 meetings).

- Rank best performing entity and/or process for internal competition, rewards & recognition.

- Obtain Annual Online Feedback on outsourced firms/ audit team

- Aim for NIL OFIs during BE Assessment.

EDUCATION QUALIFICATIONS : Qualified CA