Corporate Internal Controls

About Organization:

Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai.

The company is counted among world's top five construction companies.

The L&T Group comprises of 93 subsidiaries, 5 associate companies, 27 joint ventures and 35 jointly held operations, operating across basic and heavy engineering, construction, realty, manufacturing of capital goods, information technology, and financial services.

Job Location: Powai, Mumbai

Working Model: Work from office

Operating Model: 6 days (2nd and 4th Saturdays Off)

Educational Qualifications: Chartered Accountant (CA)

Technical Qualifications: CISA / DISA preferred

Experience: 3-8 years in Internal Control / Internal Audit / Risk & Compliance

PURPOSE:

• Maintain, strengthen, benchmark and upgrade Internal Financial Controls (IFC)
• Support systemic remediation of audit observations and implement preventive controls
• Business Process transformation and implementing Next Generation Controls
• Create corporate level guidelines and SOPs
• Internal controls Review of business processes and ERPs

JOB RESPONSIBILITIES

Primary:

• Facilitate review of RACMs considering changes in external & regulatory environment, adoption of technology and strengthening controls
• Strengthening IFC framework and benchmark with other IC and companies in industry
• Review the internal audit reports and identify the observations relating to internal controls and support remediation of observations by implementing preventive controls
• Prepare and present monthly reports on key audit observations to Management
• Support standardization and implementation of best practices across Organization by releasing Guidelines, Policies & SOPs
• Carry out regular testing of operating effectiveness of key controls and business processes to identify gaps, if any, and suggest remediation

Secondary:

• Create awareness about internal controls, prevention & detection of fraud risks
• Promote ethical behavior and work culture
• Strengthening the function by benchmarking with good practices in the industry

Areas of Exposure/ Work Background:

Experience in Internal Audit, IFC Audits, data analytics in similar industry or in large audit firms, preferably the Big Four. Experience in implementation of Internal Financial Controls (IFC) as per Companies Act or worked in Finance & Accounts and have handled different profiles like Management Reporting/ MIS, Financial Accounting, Accounts Payable, Customer Invoicing, Contract Management, Statutory Compliance, Treasury or Project financial controller in similar industry.

Department Activities: (Brief description of the department)

• Maintain the Internal Financial Controls framework in line with the requirements under the Companies Act 2013
• Remediation of critical internal audit observations
• Business Process transformation and implementing Next Generation Controls
• Management Reporting on effectiveness of internal controls (Dash Boarding)