Internal Auditor

Job Title: Internal Auditor

JOB PURPOSE: Performs full audit cycle, reports on risk & control management over operations effectiveness, financial reliability & compliance and supports Team Lead Internal Auditor in preparing presentations on various topics.

• Drives and executes end-to-end projects for overall strengthening of the Internal Audit Department and Internal Controls effectiveness at Varroc.
• Performs and manages assignments for building SOPs, cost control, setting up processes in SAP, and partnering in business, formation and execution of automation projects.
• Communicates Audit schedule to Plant & initiates opening meeting with Plant Head & Plant Team on scope of audit,initial documents requirements & duration.
• Conducts audit reviews as agreed with Zonal Head Internal Audit on respective processes
• Follows the audit checklist of agreed areas of reviews
• Carry out reviews by retrieving, compiling and analyzing data & information and verifying relevant records and documentation
• To do process analysis and discuss the same with the process owner on the observations. Do Field work.
• Interaction with cross-functional departments like BD, SCM, IT, HR, Finance, Quality, Maintenance, etc. as required.
• Gathering email communication responses from process owners on the observations communicated.
• Discussion with Reviewer on Audit for any observations and making changes as per recommendations.
• Closing meeting with Process Owners, Plant Heads and Cluster Heads, etc.
• Participate in the closing meeting discussion with the Plant Head/Cluster Head and Region Head. Special Investigation/assignments
• To be conducted every year (SOP/Special Assignments) as assigned by the Chief Internal Auditor & Zonal Head –
• Internal Audit.
• Internal Audit Report Preparation
• Drafting observations & updating the management response in the Internal Audit Report.
• Prepare draft audit report.
• Finalisation of audit report
• Identify the target date for implementation of observations.
• Submission of IA report to Zonal Head – Internal Audit for any changes or inputs.
• To prepare a Key Summary of high-risk observations and to discuss the report with the Region Head & COO.
• Action Taken Report (ATR) for the implementation of Observation.
• Make the Tenet file (Details or evidence required for closure of observation in the IA tool) for closure of open IA
• Points.
• Periodical follow-up with auditees for the necessary evidence for closure in the tool.
• Obtaining approval for timeline extension
• Closure of observations on verification of relevant information and documents
• Continuous follow-up with the Plant team to ensure closure of all ATR points as per the target date.
• Cost Saving Initiative
• Identify cost-saving topics during the Audit process and recommend for detailed review
• Conduct a detailed review, discuss with concerned process owners, verify records and make observations and
• recommendations
• Reach consensus with the concerned process owner and functional head on remedial action plans for cost saving
• Check the feasibility for the same & horizontal deployment of the same in other plants.