Assistant Manager Internal Audit

Job Purpose:

Planning, implementing and conducting internal audits, investigation of Code of Conduct complaints, thematic reviews and special review audits, ensuring compliance to annual audit plan and organizational policies and guidelines.

Accountabilities:

Conduct audits, special reviews and thematic reviews for Apraava across departments and legal entities, ensuring compliance to audit plan and all statutory norms.

• Conduct internal audits and special reviews and deliver quality audit results in accordance with the approved audit standards and as per audit schedule and planned resources. 
• Conduct the opening meeting with Head of Department and his team and communicate the audit scope & coverage and audit objectives.
• Obtain & study business process documents, SOPs, other documents received from process owners/Unit Department for the audit under scope. Collate population data from process owners or extract data from the accounting systems. Select samples for review based on the risk assessment and audit sample methodology.
•  Discuss findings/issues with Lead Auditor/ Internal Audit management. Share and exchange ideas and experience with the lead/Internal Audit management to ensure that their advice is proactively sought, particularly on potential audit issues.
• Provide clarification for any issues/observation raised by Lead Auditor/ Internal Audit management with regards to audit findings. Collate data required for preparation of audit issues and ensure the issues are well supported by evidence.
• Draft issues in the standard formats (Internal Audit Memos, Less Significant Comments) for Lead auditors/ Internal Audit managements review. 
• Basis audit findings, prepare an action plan to remediate the identified control weaknesses and including recommendations for process improvement, cost optimization and system modifications in collaboration with Lead Auditor/ Internal audit management and concerned department head.
• Maintain an effective repository of all audit documentation ensure the audit testing results and findings are well supported and documented in Teammate (software for documentation, review and approval of electronic working papers) for Lead Auditors/ Internal Audit management’s review. 
•  Follow up with the Audited unit for obtaining Management responses.

Prepare first draft of audit report basis audit findings and monitor compliance to agreed action plan and recommendations

• Prepare first draft of final audit report detailing audit findings and action plan and submit the same to Lead Auditor/ Internal Audit management for review.
• Conduct closing meeting on completion of audit and discuss the less significant comments with the Business/Function Heads and managers.
• Provide inputs and to the Lead Auditor/ Internal Audit management for determining the segment/audit opinion for IA Head’s assessment on the overall control environment.

Investigations & Consultation Services

• Conduct special reviews and investigations as required by the Audit Management from time to time.
• Execute the investigation on irregularity cases, potential Code of Conduct violations and business incidents.
• Prepare the draft investigation report for Internal Audit management’s review with analysis on the allegations and substantiation for the conclusion. The investigation report will be submitted to the Senior Management/Committee to determine disciplinary actions.
• Assist Internal Audit management in reviewing the contracts above INR 350 million for inclusion of standard clauses related to Audit, Business Ethics, Confidentiality, Drug & Alcohol (ABCD) and Payment.

SKILLS AND KNOWLEDGE

Educational Qualifications

• Minimum education qualifications for the position: Chartered Accountant

Functional Skills

• Excellent auditing skills and internal control knowledge.
• Essential skill on risk assessment and control assessment techniques.
• Excellent communication and writing skills and presenting to management.
• Good knowledge of ERP and working in an IT based environment. Experience in Oracle will be an advantage.
• Excellent working knowledge of Internal Audit Methodologies, Standards and SOX.
• Excellent communication and Influencing Skills.

Relevant and total years of Experience

• Overall experience: 3-4 years, IT experience preferred.
• Specific experience: At least 2-3 years post CA qualification in Internal Audit, Risks & Controls, Accounting, Forensic Investigation.