Internal Audit - Target Acquisition, SPA

Introduction

Welcome to Gallagher - a global community of people who bring bold ideas, deep expertise, and a shared commitment to doing whats right.

We help clients navigate complexity with confidence by empowering businesses, communities, and individuals to thrive.

At Gallagher, youll find more than a job; youll find a culture built on trust, driven by collaboration, and sustained by the belief that were better together. Experience a workplace where youre encouraged to be yourself, supported to succeed, and inspired to keep learning. Thats what it means to live The Gallagher Way.

Founded in 2006, the Gallagher Center of Excellence (GCoE) upholds the values of quality, innovation, and teamwork. With 10,000+ professionals across five India locations, GCoE is where knowledge-driven individuals make a significant impact and build rewarding, long-term careers.

How Youll Make An Impact

• Conduct discussions to evaluate the process of onboarding vendor / counterparties on broker / AP system and the vendor due diligence / background check process, if any, followed by the Target Acquisition.
• Conduct interviews and process walkthroughs to evaluate the end to end procure to pay process incl. controls, technology systems, data integrity, approvals for the identified sample transactions and the controls in place
• Analyze the expenses (including prepaid expenses) incurred during last 36 months to identify suspicious / red flag transactions:
• Analysis should include both trade payables (i.e. insurer payments) and non-trade payables (i.e. vendors and other third parties). Focus on trade payments should be to ensure that all counterparties are recognized, bona-fide insurance companies.
• Perform sampling across all transactions (including judgmental sampling for larger transactions/counterparties and regular/statistical sampling for smaller transactions/counterparties, and conduct detailed examination on underlying documents / supporting such as invoices, agreement / contracts, bank statement etc. for such transactions to identify anomalies, if any.
• Conduct public domain searches of the beneficiary entities / individuals of the identified sample transactions (Top 20 based on the value, nature and the anomalies identified based on document review) to establish existence, promoters / KMPs, nature of business and scale of business and adverse media, if any.
• Attempt to identify if there are any potential dependencies between client/revenue and payments made to the third parties
• Review the Target Acquisitions Anti-Corruption compliance framework and policies including but not limited to Code of Conduct as well as the frequency, quality and extent of training and education provided to its employees and vendors regarding ethics, anti-bribery, corruption and similar matters
• Obtain information to understand on Target Acquisitions government interactions (including any entities that may have minority investment from government/state), including compliance with industry regulations, licenses, permits taken for Government departments etc. and involvement of third-party consultants for same purpose
• Examine the systems or tools, if any, used for prevention and detection of instances of bribery / corruption
• Based on the above analysis attempt to identify potential impact on the compliance with anti-bribery and corruption laws applicable to the Target Acquisition entity
• Valid Indian Passport with at least one year remaining for expiry
• Proficiency with MS office tool. Advanced level skills in Excel.

• CA with 4+ years of experience
• Expertise in Due Diligence/Forensics preferably specializing in detailed analysis of payments.
• Knowledge of the Insurance Brokerage Industry is an added advantage.
• Advanced analytical and problem-solving skills.
• Exposure to working in multicultural environments.

Compensation and benefits

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits youll get, depending on your job level, these benefits may improve:

• Medical Insurance and Parental Medical Insurance
• Accidental Insurance and Life Insurance
• Retirals - Employee Gratuity, Future Service Gratuity benefit - Group Term Life, Employee Provident Fund, National Pension Scheme
• Flexi Benefits Plan - Tax Savings Plans
• Annual Leave/ Maternity & Paternity Leave/ Additional paid ML, Mental Health Day

• Employee Wellness Programs
• Training programs
• And more..

Inclusion and diversity (I&D) is a core part of our business, and its embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination.