Head - Internal Audit

Job Brief:

To Examine and evaluate the adequacy, effectiveness and efficiency of the organization's internal control systems and procedures and recommend corrective actions to improve operations, enhance internal controls & cost optimization.

Candidate Profile:

The incumbent should be capable of conducting thorough Management Cum internal audit of various departments of the organization such as Accounts and Finance, Purchase, Marketing, Stores, Personnel, Boarding, Admin etc. and find out discrepancies / mistakes / deviations in procedures and losses due to negligence etc.

• Must be a CA
• 10-12 years of experience
• Interest in Data Analytics using Excel
• Excellent communications and presentation skills
• Experience of ERP

Job Role:

The responsibilities include but are not limited to:

• Conduct internal audits to assess the adequacy, effectiveness and efficiency of the established internal controls and procedures.
• Carry out operational review of all expenses (Direct and Indirect) to identify cost saving opportunities.
• Identify areas to strengthen financial policy, processes, documentation, checks and balances to ensure effective cost control.
• Identify and suggest/implement to plug the gaps in the areas of wastage, expiry, scrap, MIS-utilization of assets/consumables, theft etc.
• Physical verification and audit of stock at all major sub stores.
• Monthly sample based physical verification and audit of stock at all main stores and Sub store to identify expired items.
• Surprise Verification of all collection and refund for the day and reconcile with actual cash collection and deposit in bank including cash.
• Identify key areas of risk within the organization and propose appropriate controls with the objective of mitigating the risks and improving financial & operational performance.
• Provide timely update on audits to Managers and hold regular update meetings with the auditees
• Discuss audit findings and recommendations with functional line managers and report significant issues to senior manager.
• Work closely with the auditees to ensure appropriate action plans are provided to mitigate the risk highlighted.
• Prepare audit reports and be responsible for the overall quality of the report
• Periodic follow-up with auditees of all agreed management action plans and monitor the timely implementation.
• Share best practices, tools and testing methodologies with other team members, and contribute to departmental projects.
• Performing Risk assessments, Continuous monitoring of Key Risk Indicators (KRIs), and adhere to audit calendar for the year.