Lead-Internal Audit

Responsibilities:- 

(Location for this role is Nagpur or Visakhapatnam)

1) Audit Universe and Annual Audit Scope completeness for Projects

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

2) Pre-audit and Concurrent Audits (As instructed from time to time)

-Timely completion of audits of contracts, purchase orders and payments beyond specified value and validating compliance by management on auditor’s comments

3) Process Compliance

- P2P, H2R, O2C (Scrap, Asset disposal) R2R, Costing

4) Infrastructure Development and Construction Continuous assessment and reporting on:

• Stage Gate Audit

• Time to complete and assess likely time overrun

• Cost to complete and assess likely cost overrun

• Claims for and against

• Direct & Indirect taxation optimization

5) 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 reported by outsourced firms exceed costs incurred.

6) 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

7) Audit Reports & Compliance Status

-Monitoring Issue audit reports as per timelines fixed and upload them in a shared folder with appropriate access to Internal Audit team members across Group.

• Define responsibilities and timelines to management personnel

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

8) Data Analytics & Reporting

- Use SAP R/3 and analytical tools for data mining on “AMPLE” basis and NOT on “SAMPLE” basis.

9) Talent Retention, Career & Succession Planning

• Mentorship-induction, training and Progression of MT /JM.

• Schedule knowledge sharing sessions with outsourced firms and  team members.

10) Team Efficiency and Effectiveness

• % of open ATR items in High and Medium Risks < 10%.

• Schedule Quarterly  Sector Governance Council meetings (Minimum 2 meetings).

• Rank best performing entity and/or process for internal competition, rewards & recognition.

• Obtain Annual Online Feedback on outsourced firms/ audit team

• Aim for NIL OFIs during BE Assessment

EDUCATION QUALIFICATIONS:- Qualified CA

RELEVANT EXPERIENCE:-

- 7-13 years of post-qualification experience in handling Internal Audit, Assurance, Risk Management, Finance & Accounts function. Out of which 7 years or more should be in Internal Audit / Assurance / Risk Management in medium to large size organizations.

- Working knowledge of MS Office (Word, Excel, Power Point), SAP, IDEA (Data Analytic Tool) is desired.

- Experience working in infrastructure company shall be preferred