INTERNAL AUDITOR / Manager/ Deputy Manager

Roles & Responsibilities:

1. To have smooth coordination between Co sourced Internal Auditors and respective stake holders for timely completion of Co sourced Audit and closure of audit observations as per target dates.
2. To have smooth coordination between Co sourced Auditors and respective stake holders for timely completion of IFC testing, Revision of RCM based on IFC testing and documentation to address any non-compliance.
3. To carry out Internal audits in the areas on the specific requirements of the Management and Head Internal Audit and ensure quality of audits, coverage of process and adherence to timelines and closure of audit observations as per target dates.
4. Identify loopholes and recommend risk aversion measures and implement cost savings.
5. To support and guide User department in framing new, modifying existing SOP/Policies.
6. To conduct other assignments and activities to strengthen internal controls and provide management assurance like (a) support Internal Audit Head in monitoring inventory controls on a regular basis, detect lapses in controls, identify its root cause and implement action plans within least time frame, (b) thorough and timely pre-audit of Indirect Materials Purchase Orders above Rs.20 lakhs, (c) Monitoring of Disposal of Scrap through e-auction.
7. To support Head Internal Audit in identification of red flags and take corrective and preventive actions against same.

Key Performance Indicators (KPI):

1. Number of Inhouse Internal Audits and Assignments done ensuring quality of audit, coverage of process and time of completion.
2. Number and time taken for smooth completion of Co-sourced Internal Audits.
3. Timely implementation of recommended action plans/improvement areas for both In house Audits and Co sourced Audits.
4. Coordinate with co-sourced partner and stakeholders for IFC management testing and its completion within time limit and with Statutory Auditors for ICOFR
5. Prepare annual documentation for IFC reviewed and update RCM for revisions on control design, review & testing within time limit
6. Closure of Nonconformities noted in IFC Testing within target dates
7. Amount of cost savings implemented.
8. Number of red flags identified.
9. Number of other assignments and activities taken up to strengthen internal controls and provide management assurance
10. Number of SOPs DOA/ Policies prepared/ reviewed validated.
11. Experience: 5-8 years
12. Qualification: CA
13. Max Hike: Up to 20% on overall CTC
14. Target Industry: Manufacturing
15. Focus: Diversity profiles