Senior Internal Audit Executive

Role & responsibilities

• Lead Audit Engagements:

  Lead and execute complex internal audit engagements in accordance with the annual audit plan and professional auditing standards (e.g., IIA standards), ensuring timely completion and high-quality deliverables.

• Risk and Control Assessment:

  Rigorously review and evaluate financial, operational, and compliance processes, identifying critical risks and assessing the design and operating effectiveness of internal controls across various business units.

• Procure-to-Pay (P2P) Process Review:

  Oversee and conduct in-depth reviews of end-to-end Procure-to-Pay (P2P) processes, including purchase requisitions, orders, goods receipt notes (GRNs), and vendor payments, identifying control gaps and areas for optimization.

• Audit Recommendation Follow-up:

  Drive the follow-up process on audit recommendations, actively engaging with stakeholders to ensure timely and effective implementation of corrective actions and process enhancements.

• Statutory Compliance Review:

  Ensure comprehensive review of adherence to statutory and regulatory requirements, including Goods and Services Tax (GST) and Tax Deducted at Source (TDS), proactively identifying potential compliance gaps and proposing remedial actions.

• Documentation and Reporting:

  Maintain meticulous and comprehensive audit documentation and working papers, ensuring compliance with internal and external audit standards and best practices. Prepare detailed audit reports and present findings and actionable recommendations to senior management and relevant stakeholders.

• External Audit Support:

  Act as a primary point of contact and provide comprehensive support to external auditors, facilitating their reviews with accurate and timely documentation and information.

• Advanced Risk Assessment:

  Lead and conduct advanced risk assessments of key business processes and controls, contributing significantly to the development of the annual audit plan and identifying emerging risks.

• Tax Compliance & Exposure:

  Proactively assess compliance with applicable tax laws, identifying and evaluating potential areas of exposure or risk, and recommending robust strategies for mitigation.

• Brand Performance Control Evaluation:

  Evaluate the effectiveness of internal controls related to brand performance tracking and reporting against established criteria, ensuring data integrity and reliable insights.

• Strategic Collaboration & Feedback:

  Collaborate strategically and proactively with business units to gain a deep understanding of their processes, providing expert, constructive feedback and actionable recommendations for process improvement and control enhancement.

• Methodology Enhancement:

  Contribute to the continuous improvement of the internal audit methodology, tools, and processes, driving efficiency and effectiveness within the department.

• Mentorship and Guidance:

  Mentor and guide junior audit staff, fostering their professional development and ensuring adherence to audit standards and best practices.

• Continuous Learning:

  Stay abreast of industry best practices, regulatory changes, and emerging risks relevant to internal audit and the organization's operations.

Technical Skills:

• Strong understanding of internal control frameworks (e.g., COSO).
• Proficiency in auditing principles, practices, and standards.
• In-depth knowledge of financial processes, operational controls, and compliance requirements.
• Experience with ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) and data analytics tools is highly desirable.
• Solid understanding of GST, TDS, and other relevant statutory requirements.