Senior Team Member - Internal Audit

Division

Department

Employment Type

Job Purpose

Conduct in-house audits and supervise outsourced audit firms’ resources for conducting internal audit and IFC assignments to ensure compliance to company policies and procedures and recommend process improvement to the respective stakeholders. Focus on efficiency and effectiveness of business processes.

Accountabilities

I. Supervise work of outsourced audit firms for timely completion of internal audit assignments

Gather data for audit firms as per the requirement by participating in meetings with auditee along with the auditorReview the work performed by outsourced audit firms and provide update to the managementReview the draft audit reports and align the management responses across various management levels in CiplaCoordinate and follow up with the audit partner firm on a periodic basis to ensure timely issuance of final audit reportEnsure the Growth with Governance agenda is inculcated in every audit area.Business perspective features in audit discussionsPerform benchmarking activities to support controls, efficiency and effectiveness discussions.Perform investigations where necessary to support IA Lead/ IA Head

II. Conduct in-house audits to ensure compliast process improvements

Review existing processes, controls for compliance to company policies and procedures, and suggest improvements and cost saving opportunitiesDraft internal audit report and align the observations and obtain corrections actions from managementPrepare audit work program, test plans and risk control matrix for all processesDesign and develop systems and processes (operating, detection and controls based) to simplify, automate and monitor controls and business activities.

III. Track status of compliance of audit observations to ensure timely implementation of action plans

Track the status of compliance to recommendations made on all audit observations on quarterly basisInteract with process owners to validate the action taken on the observationsReview the action taken documentations

IV. Prepare and review presentation to audit committeions

Prepare audit committee presentation for in house audits and review the presentation of external auditors in consultation with the Team Lead.Present to Business heads + Global CFO/ CEO on business audits.

V. Co-ordinate specific assignments with outsourced firms or conduct in house assignments as requested by management with an aim to present facts

Conduct specific assignments as requested by the management and ensure timely closure of the auditEnsure quality deliverable of any outsourced specific assignments

VI. Digital & Automation

Collaborate with BU / Functions in implementing Risk Analytics tool of certain processesIdentify Automation opportunities and recommend

VII. Team development

Train and disseminate audit skills and knowledge within the in-house IA team to build capabilities.

VIII. Practice developorums or study tables to share industry knowledge and insights

Education Qualification

Chartered Accountants / MBA in finance / Cost AccountantCertified Internal Auditor is additionally desirable

Relevant Work Experience

7-8 years of specific internal audit experience in manufacturing sector

Competencies/Skills

Job Location

Lower Parel

Shift Hours

Diversity Requirement