26 Oct 2024
CCcn
Audit & Control, 12 to 14 years in Mumbai
Essar
Mumbai
12-15 Years
Cost Control Management, Cost Audit, Auditing, Finance, accounting
Job Description
Position: Audit & Control
Qualification: CA
Experience: 12 to 14 years
Location: Mumbai
Job description
Qualification: CA
Experience: 12 to 14 years
Location: Mumbai
Job description
Main Role
Assurance & Cost Control-Corporate role
ERM/Risk Management process & policy implementation
Fraud prevention & investigation
- Improvements in business process and operating policies etc. with automation focus
- Working with business in setting up ERM/Risk management process, matrix for respective function
- Cost control & Cost Reduction
- Compliance review for statutory compliance.
- Audit plan and strategy for respective business
- Controlling internal audit execution within schedule and of required quality
Role will be to undertake independent audit role/assignment in various business/entities.
- Job will involve travel of about 10 days in a month.
- Interaction with internal audit firm and with internal GACC team and management.
- Discussion with statutory auditor for internal control, internal audit etc
RESPONSIBILITIES
1. Operational
• Driving ERM in respective business. Reporting of Risks and mitigation status.
- Making risk based audit plan and audit committee approval.
- Evaluating IT \\SAP Risks for internal controls evaluation etc.
- Policy and Standard operating procedures review and driving required changes etc
- Tracking implementation of respective companies and escalation of open issues to management, Audit Committee.
2. MIS
• Making monthly IA and ERM status etc and report on system improvement, open issue status etc.
3. Industry benchmarking
• Identification of best practices with respect to Risk register and Risk mitigation and benchmarking of process, rate of similar industry etc.
KEY CHALLENGES
Process improvements with legislative framework, and undertaking benchmarking from similar industry.
Driving ERM timely and ensuring identification of all risks and also taking up with management for mitigation.
Investigation involving high data validation from other firms etc
Process improvement in automated, on automated process
KEY DECISIONS
A. Made by Jobholder:
Incumbent takes decisions on operational aspect of the audit assignment
Decision of audit strategy
Decision of Risks mitigation
Decision on Investigation data analytics and approach
B. Recommendations to superior:
Recommendations on risk matrix framework, audit execution, audit investigation etc Major risks and mitigation (pro-active intervention etc) operational efficiencies, process improvements and cost savings.
INTERACTIONS
A. Internal Interactions:
Employee at all level in Essar entities, GACC employee, CFO and other leaders etc
B. External Interactions:
For benchmarking etc. in industry/forums etc.
Statutory auditor.
SKILLS & KNOWLEDGE
Educational Qualifications & Certifications:
Chartered Accountant\\experienced internal auditor
ERM exposure
Relevant (Functional/Level) & Total Years of Experience:
Experience in large firm Internal audit function-post qualification experience 12-14-year plus
Functional Skills:
- ERM/Risk management
- Internal Audit, Investigation
- Commercial and accounting.
- Advanced knowledge SAP-Mainly FI, SD, MM module
- Expert knowledge of MS, Excel & IT Audit/Analytics tools.
Behavioural Skills:
- Analytical/ Probing Skills, Conceptual Thinking, Aptitude to pick up new practices and concepts quickly
- Communication and presentation skills
- Good Interpersonal.