We are currently hiring for one our reputed Multinational Conglomerate client for Lead MAG- Internal Audit role for Hyderabad location having 7-13 years of experience after Post qualification as CA in Internal Audit.

Job Responsibilities :

1) Audit Universe and Annual Audit Scope completeness for Projects :

• Continuous monitoring of Audit Universe and Scope and their alignment to Business Strategy.

2) Pre-audit and Concurrent Audits (As instructed from time to time) :

• Timely completion of audits of contracts, purchase orders and payments beyond specified value and validating compliance by management on auditor's comments.

3) Process Compliance : P2P, H2R, O2C (Scrap, Asset disposal) R2R, Costing.

4) Infrastructure Development and Construction Continuous assessment and reporting on:

• Stage Gate Audit
• Time to complete and assess likely time overrun
• Cost to complete and assess likely cost overrun
• Claims for and against
• Direct & Indirect taxation optimization

5) Return on Investments (Projects) :

• Effective utilization of funds deployed and maximize return on investments
• Continuous identification of areas for cost savings in projects and liaise with Management for achieving them.
• Value savings reported by outsourced firms exceed costs incurred.

6) Compliances -Commercial & Contracts, Regulatory Effectiveness of:

• Compliance to Concession Agreements & Reporting
• Contract Compliances
•  Policies, Procedures and Systems
• Compliance Software - Regulatory Reporting & Certification Process
• IFC Implementation

7) Audit Reports & Compliance Status :

• Monitoring Issue audit reports as per timelines fixed and upload them in a shared folder with appropriate access to Internal Audit team members across Group.
• Define responsibilities and timelines to management personnel
• Follow up on statutory auditors, cost auditors and secretarial auditors review reports to update audit universe, audit scope and/or closure of audit observations.

8) Data Analytics & Reporting : Use SAP R/3 and analytical tools for data mining on "AMPLE" basis and NOT on "SAMPLE" basis.
9) Talent Retention, Career & Succession Planning :

• Mentorship-induction, training and Progression of MT /JM.
• Schedule knowledge sharing sessions with outsourced firms and team members.

10) Team Efficiency and Effectiveness :

• % of open ATR items in High and Medium Risks < 10%.
• Schedule Quarterly Sector Governance Council meetings (Minimum 2 meetings).
• Rank best performing entity and/or process for internal competition, rewards & recognition.
• Obtain Annual Online Feedback on outsourced firms/ audit team
• Aim for NIL OFIs during BE Assessment.

EDUCATION QUALIFICATIONS : Qualified CA