Tata Consumer Products - Manager - Internal Audit

Role objective:

Assist in Internal Audit Services in developing and executing the annual audit plan, and take a lead role in the day to day execution of internal audits; Contribute to the Internal Audit (IA) function by identifying risks associated with business objectives and evaluating the controls in place to mitigate those risks in order to improve the effectiveness of control, and governance processes

Key Responsibilities:

Planning:

Plan and conduct the opening meetings with auditee to explain the scope and objectives of the audit engagement to auditee and provide an overview of all steps in the audit process Develop a thorough understanding of business processes, policies, SOPs and practices in scope for assigned audits and document the processes in flowcharts and/or process narratives. Identify and document inherent risks and controls within the business processes Identify and carry out pre-planning work to narrow down on the focus areas

Fieldwork:

Responsible as Lead auditor during the fieldworkDevelop a risk based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology Perform audit tests and prepare working papers in accordance with professional IIA standards and TGB IA methodology Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives. Identify and document control and process weaknesses and provide evidential support for findings Propose practical and value added recommendations to address control weaknesses and/or process inefficiencies Plan and conduct closing meetings with auditee at the end of fieldwork, providing clear explanations for identified issues Guide and supervise the team members who are part of the engagement

Reporting:

Responsible for preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the branch/department and senior management.

Stakeholder management:

Responsible for presentation and aligment of the results of the audits with the senior managemen. Co-develop recommendations and influence the management for overall improvement in control environment.

Other Responsibilities:

- Responsible for working closely with the co-sourcing team on engagement basis including supervision Development of the annual Internal Audit plan in line with the planning frameworkResponsible for developing data analytics queries on in-house tool - identifying data analytics, data pattern analysis, logic definition for query and dashboard, quality testing of the exception reports Lead investigations assigned to IA on need basis

- Responsible for preparing presentation deck for quarterly Audit Committee (AC) meeting. Responsible for ongoing follow-up with the business process owners on the implementation of the corrective action plans for the findings highlighted. Responsible to execute IFC test of operating effectiveness engagement

Desired Candidate profile:

Skills and Attributes

- Good interpersonal skills with a proven ability to communicate effectively (both written and verbal) with all levels within the organization Unquestioned personal integrity with strong ethics and values consistent with TATA culture Ability to stand firm on difficult issues when required and persuade stakeholders for control improvements Strong analytical capability Capable of working independently and with minimum supervision Well-developed organizational skills with the ability to manage and prioritize multiple assignments

- Displays awareness of the need for confidentially in sensitive matters Demonstrated job commitment and personal flexibility to meet changing expectations Commitment to self-development and expansion of knowledge

- Experience in the FMCG, Manufacturing industry (Tea industry knowledge preferred)Proficient in conducting audits in the SAP environment Advanced excel analytics skills Proficient in preparing Power point presentationJob requires 30% of travel time.

Desired experience Level & qualifications

Knowledge and Experience

Professional in Accounting or Internal Auditing (preferably a CA from Big 4 Internal Audit team. CIA or CISA is a advantage.) 5+ years of experience in Internal Audits in the FMCG and Manufacturing Industry Knowledge of COSO Risk and Internal Control framework would be an asset Working knowledge of professional IIA performance standards with regarding to planning, testing, sampling and documentation Good understanding of accounting principles and financial statements Well-developed technical proficiency in SAP environment, Word, Excel and PowerPoint.

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