Job Purpose
Assist Manager in developing and executing the Annual audit plan, and take a lead role in the day to day execution of internal audits
Contribute to the Internal Audit (IA) function by identifying risks associated with business objectives and evaluating the controls in place to mitigate those risks in order to improve the effectiveness of risk management, control, and governance processes
Ensuring completion of Audit plan as per schedule for empanelled external auditors and providing guidance and support to them in execution of Audits
Provide value-added advice and support to business partners on the creation or modification of policies, procedures, processes, products or services to ensure an appropriate level of internal control and compliance is maintained.
Responsibility areas & Key Performance Indicators:
1.Planning:
Engaging with the Auditee for finalization of dates of Audit engagement and Assisting the Manager in the collecting information and documents relevant to be used for preparation of Audit Planning Memorandum (APM)
Identifying transactional discrepancies/inconsistencies in data extracted form ERP/MIS through Auditing Tools, Exception Reports or Manual Analysis
Participate in opening meetings with Auditee to explain the scope and objectives of the audit engagement to Auditee and provide an overview of all steps in the audit process.
Develop a thorough understanding of business processes in scope for assigned audits and document the processes in flowcharts and/or process narratives. Identify and document inherent risks and controls within the business processes
2. Fieldwork
Develop a risk based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology
Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives. Identify and document control and process weaknesses and provide evidential support for findings
Propose practical and value added recommendations to address control weaknesses and/or process inefficiencies
Organize and reference work papers for review by Manager, Internal Audit
Participate in closing meetings with Auditee at the end of fieldwork, providing clear explanations for identified issues
3. Reporting
Assist in the preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the auditee and senior management.
Assist in preparation of Presentation on Major Observation to Auditee Hierarchy/Audit Committee
4. Other Responsibilities
Pursuing for closure of open audit issues
Supports the Manager, Internal Audit in the development and implementation of the evolving IA methodology
Provide consultative support to unit with regard to the adequate design and execution of risk management processes
Essential
: B. Com/BAF
Functional Competencies:
Critical Thinking
Business Acumen
Analytical Skills
SAP ERP and MS Office
Report Writing
Behavioral Competencies:
Confidentiality
Objectivity
Communication
Judgment
Positive outlook
Experience
: 6 months to 2 years
Scope of Work:
a) Financial Scope (Range of financial spend):
Based on APM, GL Trend, exceptions
Same applies when handling external auditors
b) People Management Scope (Range of no. of Direct/ Indirect Reports):
Maintain cordial relationship within and outside the function
c) Geography Coverage (Country-wide/ State-wide / Area-wide)
Audit of company including Subsidiaries (Indian and international) and Joint ventures.
d) Corporate Coverage (Company-wide / Business Unit or Function-wide / Sub-function-wide / Other):
All Functions in the company
Key Interactions:
Internal
With Various Functions across hierarchy such as Plants, Branches, Sales, marketing, Supply Chain, Finance, Legal, Taxation, SSC ,IT, IBU
External
External Consultants
External Auditors
Other Vendors
Additional Requirements:
Should be open for travelling
Reporting to:
Manager – Audit
Work Location
: Head office, Vakola, Mumbai
