06 Aug
|
Leading
|
Chennai
About the Role
We are seeking a qualified and detail -oriented Internal
Audit skilled to strengthen the organization's governance, risk
management, and internal control framework. The role will be responsible for
conducting internal audits, evaluating internal financial controls, supporting
statutory audits, and ensuring compliance with applicable accounting and
regulatory requirements. The incumbent will work closely with corporate and
plant teams to drive control effectiveness, process improvements, and risk mitigation
initiatives.
Key Responsibilities
Internal Audit & Risk Management
- Plan
and execute internal audit assignments across corporate and manufacturing
operations.
- Review
business processes, identify control gaps, and recommend corrective
actions.
- Develop
and maintain Risk Control Matrices (RCM) for key business processes.
- Perform
Test of Design (TOD) and Test of Effectiveness (TOE) of internal controls.
- Monitor
implementation of audit recommendations and track closure of audit
observations.
Internal Financial Controls (IFC / ICOFR)
- Evaluate
and test Internal Controls over Financial Reporting (ICOFR).
- Ensure
effectiveness of key controls and support management in strengthening the
internal control environment.
- Coordinate
with process owners to address control deficiencies and implement
remediation plans.
Statutory Audit & Compliance
- Support
statutory auditors by providing required documentation, schedules, and
control testing results.
- Ensure
compliance with applicable accounting standards,
including Ind AS.
- Assist
in addressing audit observations and regulatory compliance requirements.
Inventory & Operational Audits
- Participate
in physical inventory verification and stock audits.
- Review
inventory controls, valuation processes, and inventory management
practices.
- Conduct
operational audits to improve efficiency and process compliance.
Taxation
- Support
compliance and audit activities related to Direct and Indirect Taxes.
- Coordinate
with relevant stakeholders for tax -related audits, assessments, and
reconciliations.
Stakeholder Management & Reporting
- Coordinate
with corporate functions and plant teams on audit and compliance matters.
- Prepare
audit reports, presentations, and management summaries.
- Present
audit findings, control observations, and improvement initiatives to
senior management and leadership teams.
Requirements
Key Performance Indicators (KPIs)
- Timely
completion of internal audit assignments as per the approved audit plan.
- Successful
testing and documentation of internal financial controls.
- Effective
closure of audit observations within agreed timelines.
- Quality
and accuracy of audit reports and recommendations.
- Timely
support provided during statutory audits.
- Reduction
in control deficiencies and process risks.
- Successful
implementation of corrective and preventive actions.
Candidate Profile
Education
- Chartered
Accountant (CA) – Mandatory
Experience
- 5–8
years of experience in Internal Audit, Internal Controls, Statutory Audit,
or Risk Management.
- Experience
in manufacturing organizations preferred.
Technical Competencies
- Internal
Audit methodologies and frameworks.
- Risk
Control Matrix (RCM), Test of Design (TOD), and Test of Effectiveness
(TOE).
- Internal
Financial Controls (IFC/ICOFR).
- Statutory
Audit and Ind AS compliance.
- Inventory
audits and stock verification.
- Direct
and Indirect Tax exposure.
- Strong
analytical and reporting skills.
Behavioral Competencies
- Strong
attention to detail and problem -solving ability.
- Effective
stakeholder management and communication skills.
- Team -oriented
approach with ability to work across functions.
- High
level of integrity, ownership, and professional ethics.
Reporting Structure
Reports To: Finance Controller / Head – Finance
Team Management
- Manage
and guide junior audit team members and support staff as required.