Voltas - Head - Internal Audit - CA

Role Objective:
Effectively participate in the Internal Audit function to add value to all business divisions by providing an independent, cost effective and efficient internal audit.
Key Deliverables:
Internal Audit Program:
- Lead the IA team to execute internal audit program by extensive and efficient use of data analysis and internal audit digital platform.
- Independently execute audit assignments maintaining overall quality of deliverables, processes and completion of projects within budgeted timelines.
- Ensure compliance with the audit methodology, quality and standardization of the outputs including the audit reports and findings.
- Support co-source partners and consultants engaged by Voltas IA and ensure their deliverables are met.
- Ensure that the internal audit activity maintains its independence and objectivity.
- Provide value add to business by providing insights and recommendations on improvements to the key stakeholders in the business.
Internal Final Control Testing:
- Ensure IFC testing as per calendar plan; suggest enhancements and implementation of automated controls to Divisions and Functions.
Client Engagement:
- Actively engage with senior leaders from Business Verticals and Functions.

- Timely communication of outcomes of audit assignments to senior management.
- Seek regular feedback from senior management / division personnel clients to enhance the quality of audits and review audit processes.
Issue Tracking:
- Follow through on implementation of audit recommendations within timelines and escalate overdue issues pending implementation.
- Tracking the resolution of actionable through Action Taken Reports (ATRs).
Risk Assessment and Controls:
- Analyse and assess risks and identify controls in place to mitigate identified risks.
- Assess effectiveness and efficiency of control environment.
Audit Committee:
- Organize meetings with Division senior managers and leadership team in preparation for the audit committee.
- Presentation to audit committee and liaison with Secretarial department for the meeting.
- Ensure compliance with Audit Committee Terms of Reference.
- Draft minutes of the AC meetings.
Teamwork:
- Monitor and develop competencies and soft skills of audit team.
- Improve audit methodology and tools.
- Two way sharing of knowledge and best practices with co-source partners.
- Support quick and efficient onboarding of new employees.
IT Systems:
- Understand the major inter dependencies between financial and other IT systems from an audit perspective.
Essential Attributes:
- Excellent capabilities in MS Excel and Power point.
- Good working knowledge of SAP.
- Deep understanding of business operations, data analytic and auditing tools.
- Maintain awareness of professional and technical developments eg. audit standards, its systems and controls.
- Excellent analytical skills.
- Ability to leverage the IT systems and tools to deliver audit objectives.
- Very good oral and written communication skills.
- Ability to build and develop relationships at all levels.
- Maintain the highest standards of ethics and integrity.
Qualifications:
- CA with 10 - 12 years of post-qualification experience in industry or a large audit firm.