Job Description

Sr. Internal Auditor (Manager)

- Inventory management, etc. for Steel, Power, Paints and Infrastructure development business.

- Data analysis - Congregating data from multiple sources to cross verify authenticity of the data gathered. Finding meaningful and logical output from the data compiled by organize analyze performed on the relevant data to target problem areas.

- Risk assessment vis- vis preparation of Risk Register and Risk Control Matrix - Determining the Risk profile of the entity (plant/business) w.r.t. the assigned areas on the basis of independent checks on internal controls and assimilated data.

- Designing admissible risk control strategies for better functioning.

- Benchmarking - Suggesting internal/competitive industry best practices by explaining the benefits from the given controls and ensuring compliance where feasible.

- Discussion with management- Develop recommendations for areas of improvements, writing reports & documenting findings, discussions with concerned executives, senior management & CFO/CEO and deliberate with them the appropriate action plan.

- Control testing and its due implementation - Testing the Internal financial controls after their implementation to ensure the same are in place and functioning effectively.

- Compliance monitoring framework- Verifying the applicability of various statutory laws & compliances to specific business and implementation of compliance portal for group companies.

- ERP implementation- Testing of various scenarios in the to be system, comparing the output with current output, determine the discrepancies, provide suggestions and ensure corrections on implementation of ERP system.

- Investigation- Working on the suspicious matters and provide detailed findings on the subject matter.

- Information Systems Audit Review of supplier's/contractor's invoices, PO& WO, employees expenses etc. beyond defined limit

- Review of various functions and processes of F&A, PR to Payment, IT, Infra, HR & Admin, Marketing, Trade Advances, Incentive and Dealers Payout etc.

- Review of policies and SOPs, ERP modules, approval matrix of company to ensure that efficient and effective system, policies, procedures and controls are incorporated

- Various Presentations for senior management meetings

- Various special assignments given by CFO for efficient and effective control testing pertaining to F&A functions

- Periodically submission of open issues along with action plan

- Assisting in conducting various Internal & External audits for F&A functions

- Preparation of risk based annual audit plan and audit universe

- Internal audit of various functions and departments based on annual audit plan such as PR to Payment audit, F&A, HR & Payroll, Stores & Inventory, Logistics, Sales & Marketing, Plant operation etc.

- Pre Audit of supplier's/contractor's invoices, PO& WO, employees expenses etc. beyond defined limit

- Review of policies and SOPs, ERP modules, DOFP of company to ensure that efficient and effective system, policies, procedures and controls are incorporated

- Various Presentations for audit committee and other senior management meetings

- Periodically submission of non-conformance report along with action plan for compliances

- Identify key areas of risk within organization in risk register with proper impact and rating to them and propose appropriate action plans and controls to mitigate risks within the organization's aptitude level

- Reviewing and monitoring legal, statutory and internal compliance including documentation.

- Execution of internal audits as per yearly audit calendar in order to :

a. Identify the Control/process gaps, its root cause analysis, associated risks and recommend controls to manage the risk

b. Highlighting the cost savings opportunities, recommend process improvisation to achieve cost savings and

c. Identify scope of improvement to the existing process/controls and recommend better control,

- Leading the pre-audit teams for pre-audit of payments and procurement above threshold limits of Rs.1 Lakh

- Summarize observation for Audit Committee Meeting (ACM) presentation

- Testing the effectiveness of Internal Controls over Financial Reporting (ICFR) as per section 134(5) of the Companies Act, 2013,

- Discuss the observation and associated risk with the HOD/Unit head and propose a controls for the effective implementation

- Perform data analytics to establish the facts and draft observation.

KEY SKILLS :

- Good knowledge of various SAP modules, MS office tools and other software

- Audit planning and Risk based Internal Auditing

- Cost and financial control

- Identification of Risk & Risk Management

- Support business operations through analysis of key performance indicators and trends