Associate Director - Internal Audit

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Designation

Location

Department

About Us:

Mosaic Wellness

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Role Summary:

The Associate Director will be responsible for leading and overseeing the Internal Audit function, ensuring robust Internal Financial Controls (IFC) across India as well as international business USA, UAE, and effectively managing statutory audit processes from the company’s side. This strategic role demands deep expertise in controls, risk management, audit coordination, and regulatory compliance. The position will also play a key role in interfacing with external auditors, audit committees, and senior business stakeholders.

Key Responsibilities:

1. Internal Audit Leadership:

• Develop and execute the annual internal audit plan in coordination with the audit committee and risk management framework.
• Identify, assess, and monitor key operational, financial, and compliance risks across business units.
• Drive operational and process audits independently or through external/internal audit partners.
• Ensure timely closure of audit issues and monitor the implementation of agreed action plans.
• Present key audit findings, trends, and risk insights to senior management and the Audit Committee.

2. Internal Financial Controls (IFC):

• Own the company-wide IFC framework and risk-control matrices in line with the Companies Act, 2013.
• Coordinate with process owners to ensure adequate design and operating effectiveness of key controls.
• Drive periodic testing, gap analysis, and remediation plans for control deficiencies.
• Liaise with statutory auditors for IFC reliance testing and provide necessary documentation.
• Evaluate and maintain controls across USA/UAE and other international jurisdictions aligning with local governance codes.

3. Governance, Risk & Compliance (GRC):

• Promote a strong control and compliance culture across the organization.
• Work with leadership to define risk appetite and embed a proactive risk management approach.
• Develop and update audit and control policies, SOPs, and frameworks as needed.

4. Statutory Audit Coordination:

• Act as the primary liaison for statutory auditors, managing end-to-end audit lifecycle, including planning, walkthroughs, sample selections, and resolution of queries.
• Ensure timely and accurate closure of statutory audits, quarterly reviews, and certification requirements.
• Coordinate across functions (Finance, Tax, Legal, Operations, IT) to ensure audit readiness and compliance with reporting requirements (Ind AS/IFRS/IGAAP).
• Support preparation of financial statements, notes, and management representation letters.

5. Leadership & Stakeholder Engagement:

• Manage internal audit teams (if applicable) or coordinate with co- sourced/outsourced audit partners.
• Build strong working relationships with business heads, process owners, and cross-functional teams.
• Prepare and deliver reports/presentations to Board as needed.
• Provide thought leadership and act as an advisor to management on emerging risks and control enhancements.

Qualifications & Experience:

• Chartered Accountant (CA) – mandatory
• 6-8 years of experience in Internal Audit, Risk, IFC, and Statutory Audit management.
• Prior experience of Big 4 is Mandatory.
• Strong knowledge of Companies Act, 2013, Ind AS, and other relevant frameworks.
• Hands-on experience in audit tools, ERPs, and data analytics platforms is desirable.

Key Competencies:

• High integrity and independence in dealing with sensitive matters.
• Excellent project management and organizational skills.
• Strong interpersonal and communication skills, including presentation to senior leadership.
• Analytical mindset with attention to detail and a problem-solving approach.