Job Role / Responsibilities - Develop a comprehensive understanding of PhonePes business, systems, and processes. - Acquire in-depth process understanding for planned audits, including processes, systems involved, data flow, and datasets. - Be able to evaluate financial, operational, technical, and compliance processes and internal controls, identifying areas of risk and operational process improvement. Be able to validate them against requirements including Financial Reporting standards, policies and processes. - Should be having strong understanding of financial risks & respective financial reporting standards and be able to identify risks, evaluate relevant internal controls with the objective of mitigating the risks and improving financial & operational performance. - Execute audits from risk assessment, audit planning & scoping to execution & reporting. - Prepare / review RCMs, process notes, flow charts, and other working papers. - Drives and understand root cause of the observations and follow the 5 why approach for corrective action plans. - Prepare comprehensive audit reports, ensuring clarity, accuracy, and adherence to internal reporting standards. - Facilitate discussions with auditees on audit findings, ensuring a clear understanding of identified issues and recommendations, and report significant issues to senior management. - Provide timely updates on audits to the Internal Audit head, holding regular meetings with auditees. - Ensure the overall quality of audit reports and audit documentation based on methodology - Plan resource and budget for audit and be able to lead the audit team - Collaborate with cross-functional teams to implement corrective actions and enhance internal controls. - Stay updated on industry regulations, best practices, and emerging trends. - Work collaboratively in a fast-paced, multi-dimensional team to ensure timely completion of projects. - Handle Internal Audit organizational activities, including budgeting, risk assessment, and external stakeholder management. - Conduct periodic follow-ups with auditees to monitor the timely and effective implementation of management action plans. - Drives planning, design, and implementation of audit analytics in projects. Understands existing datasets, DBs and good understanding of data quality and ability to test / validate accuracy, completeness, and usability of data. - Collaborating with business partners and 2nd LOD functions to understand data architecture and help identify the most suitable source of data for audit purposes. - Demonstrates good understanding of data governance processes, practices, policies, and guidelines. -Execute Internal Audit fieldwork based on the acquired process and data understanding. Essential Skills/Qualification - Min 7 years of post-qualification experience in internal audit and/ or Statutory audit - Chartered Accountant or equivalent qualification - Sound understanding of control environment, compliance, and risk frameworks. - Sound understanding of financial reporting frameworks and key accounting ERPs. - Excellent written and verbal communication skills. - Strong problem solving and analytical skills. - Be able to work in a fast-paced role with competing priorities. Adaptable to project requirements and does what is required to get the job done. - Demonstrate ability for seamless execution, continuous improvement and problem solving. Preferred Skills & Qualification - Experience in Financial internal audits and/or Statutory Audits with Big4 or organization risk and control functions. - Prior industry experience - Experience in Accounting software such as Oracle, SAP and Microsoft Dynamics etc. - Data Analytics Skill sets such as SQL, Python, Qliksense - Build SQL scripts and perform data analysis to create valuable insights to aid Internal Audits. - Review quantitative analysis that translates data into actionable insights. - Experience in analysing very large, complex, multi-dimensional data sets for risks and issue trends.
