Lead - MAG

JOB PURPOSE

Provide assurance to the Management on the processes, compliances, governance, risks and systems in order to enhance efficiency and effectiveness of the processes, thereby, adding value to the Airports

ORGANISATION CHART

Lead- MAG (Nagpur) --> Head- MAG (Airports) --> Group Head- MAG

KEY ACCOUNTABILITIES

Accountabilities

Key Performance Indicators

Audit Universe and Annual Audit

Scope completeness for Projects

Continuous monitoring of Audit Universe and Scope and their alignment to Business and MAG Strategy.

Pre-audit (As instructed from time to time)

Timely completion of pre-audits of contracts and purchase orders.

Process Compliance

P2P, H2R, O2C (Scrap, Asset disposal) R2R, Cost estimates

Airports Development and Construction

Continuous assessment and reporting on:

• Stage Gate Audit
• Time to complete and assess likely time overruns.
• Cost to complete and assess likely cost overruns.
• Claims for and against
• Construction manual compliance

Return on Investments (Projects)

• Effective utilization of funds deployed and maximize return on investments

• Continuous identification of areas for cost savings in projects and liaise with Management for achieving them.

• Value savings and process improvements through audits

Compliances -

Commercial & Contracts,

Regulatory

Effectiveness of:

• Compliance to Concession Agreements & Reporting
• Contract Compliances
• Policies, Procedures and Systems
• Compliance Software - Regulatory Reporting & Certification Process
• IFC Implementation and test of operating effectiveness

KEY ACCOUNTABILITIES - Additional Details

Audit Reports &

Compliance Status

Monitoring

• Issue audit reports as per timelines.

• Audit Committee and management presentations.

• Define responsibilities and timelines to management personnel for CAPA.

• Follow up on statutory auditors, cost auditors and secretarial auditors review reports to update audit universe, audit scope and/or closure of audit observations.

Data Analytics & Reporting

Use SAP R/3 and analytical tools

Talent Retention, Career & Succession Planning

• Mentorship-induction, training and Progression of MT /JM.
• Schedule knowledge sharing sessions with outsourced firms and MAG team members.

MAG Efficiency and Effectiveness

• % of open ATR items in High and Medium Risks
• Schedule monthly MAG meeting with entity management
• Obtain Annual Online Feedback on outsourced firms.
• CAPA on Outsourced Audit Firms post assessment
• Ensure compliance to MAG Operations Manual

EXTERNAL INTERACTIONS

• Statutory Auditors
• Cost Auditors
• Secretarial Auditors
• Tax Auditors
• Outsourced audit partners
• External/Internal BE Assessors

INTERNAL INTERACTIONS

• Participate in Steering Committee Meetings to understand the business developments/initiatives and align audit strategy accordingly

• Participate in Town hall meetings and assess areas for actions

• Participate in E&I Governance Council Meetings for Airports

• Submit Monthly MIS to CEO / BCM (A) on:

• MTD & YTD audit plans vs actuals

• Key audit observations for the month and YTD open ATR items

• Process improvements MTD and YTD

• Value realization MTD and YTD and

• MAG costs - AOP vs Actuals (MTD and YTD).

FINANCIAL DIMENSIONS

OTHER DIMENSIONS

EDUCATION QUALIFICATIONS

CA with additional qualification MBA / CISA/DISA/CFE/CIA

RELEVANT EXPERIENCE

10-13 years experience in Audit, Assurance and Risk Management

COMPETENCIES

• Risk Management (Proficient)
• Audit Quality Assurance (Proficient)
• Accounting and Finance (Proficient)
• Organizational Governance and Regulatory Compliance (Proficient)
• Common Business Processes (Proficient)
• Fraud Management (Proficient)
• Audit Outcomes and Assurance Coordination (Proficient)
• Audit Planning (Proficient)
• Networking
• Personal Effectiveness
• Teamwork & Interpersonal influence
• Stakeholder Focus
• Entrepreneurship
• Capability Building
• Social Awareness
• Planning & Decision Making
• Execution & Results
• Strategic Orientation
• Problem Solving & Analytical Thinking

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