CA Inter/ MBA/ MCom with 10-12 yrs of PQE as an Asst Manager Internal Audit at An Automobile Major, Abroad

  • 10 - 12 Years
  • Not Mentioned
  • Abroad
  • permanent
  • Chartered Accountant,MBA
  • Auto/Auto Ancillary
  • Accountancy,Internal Audit,Operations Management
  • Asst Manager - Internal Audit (Role: Internal Auditor)

     

     

    Age: Below 35 years

     

     

    Qualification: Master’s Degree (CA Inter / MBA / M.Com). Chartered Accountant is not required for this position.

     

     

    Total Exp: 10 - 12 years (Core Internal audit required)

     

     

    Hands on experience - SAP systems (mandatory)

     

     

    Good command on English / Should be able to articulate point of view precisely

     

     

    Knowledge / Expertise in independently executing internal audit from starting till reporting / finalization

     

     

    Industry Internal Audit Experience (manufacturing company)

     

     

    Current CTC in India: 7 to 10 lacs

     

     

    AREAS OF RESPONSIBILITY (AOR)

    MEASUREMENT CRITERIA

     

    Definition
    IN ORDER TO, what results

    Quantitative
    Qualitative

     

    Risk Assessment

    No. of risks identified and closed

     

    A. Review the process audit  report and identify potential areas of risk; 
    B. Monitor specific areas like Human Resource, Administration, Collection Management, Overdue Debtors & Stock on hire periodically; 
    C. Explore potential areas of risk; Assess such risks; 
    D. Report risk levels to HOD; 
    E. Suggest risk mitigating measures; 
    F. Drive closure of suggested corrective measures in order to identify new areas of risk and suggest risk mitigation mechanisms.     

     
     
     
     

    Safeguarding the Assets of the company

    % age reduction in loss

     

    A. Understand draft proposals involving policy modifications; 
    B. Collate, analyze & interpret data to study financial and other implications & control aspects on policy  changes; 
    C. Submit recommendations for implementation to HOD;
    D. Suggest measures for identification, recognition and safe guarding of Fixed Assets of the company.
    E. Maintain tracker for physical verification conducted by Audit Team for vehicles and spare Parts across location periodically.

     
     
     
     

    Special Assignment & Investigation

    Feedback from stakeholders

     

    A. Receive directions from HOD on special assignments; 
    B. Plan methodology of investigation; Collect necessary documents and information; Verify details;
    C. Discuss with concerned job holders; 
    D. Prepare preliminary draft  reports; 
    E. Discuss report with HOD and gather inputs; Revise scope of work accordingly, Investigate further;
    F. Prepare Fact Finding report;  Present data substantiating observations; 
    G. Recommend suitable actions to the Management  in order to find the root cause behind certain instances of a fraudulent nature.

     
     
     
     

    Key Issue Presentation to Senior Management

    No of PPT presentations

     

    A. Identifying key issues during the course of review, 
    B. Analysis of impact on the business, prepare draft presentation, 
    C. review with HOD, update input provided by HOD, 
    D. Obtain current status and feedback of auditee, 
    E. update necessary recommendation, 
    F. Discuss draft issues with auditees before presentation to Senior Management, 
    G. Prepare Minutes of the meeting and send to HOD for review and circulation.

     
     
     
     

    People Management

    Employee Engagement Index

     

    A. Conduct on the job trainings to new joinees; 
    B. Guide the Audit Team; 
    C. Review performance against targets in order to develop internal capability for the team.

     
     

    Compliance with Policy and Procedures - Finance Audit

    1. # Audit
    NC's detected
    2. # Corrective actions implemented

     

    Finance & Accounts Function:
    Carry out review of GL Accounts based on Trial Balances, Identify potential risky GL Accounts based on earlier post and pre-audit findings, detailed review of GL Accounts particularly long pending open items, Update the process narative and control gaps during the review; trend analysis of exepnses compared to similar period last year; tracking of expenses made through cash, review of employee customer account open items, payment and recovery process review; Tagging of Fixed Assets, assets transfer process to be reviewed with actual scenario, depreciation rate, accounting and process review; User Access authorization review for parking and posting of transactions; review of system access to identify accesses of conflicting nature; review of miscellaneous incomes in muliple GL Accounts, analyse the reason for such income; detailed audit for treassury operation, review of exchange gain or loss due to foreign exchange fluctuations; bank reconciliation review; document retention process review; Surpirse physical verification of cash; periodic review of inter-branch and inter-company reconciliation.

    Report observed violations; Prepare audit query sheet; Obtain justifications from auditees; Prepare audit report; Discuss issues with HOD post audit. Recommend corrective measures in order to comply with policy and procedures.

     
     
     
     

     

    Other details:     

    • Posting: Oman
    • Family Status position if candidate is married.
    • The candidate should be a high achiever.
    • He should possess high energy and drive.

Employer Profile :

  • An Automobile Major, Abroad
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