Commercial AUDIT Manager

Position Name: Commercial Audit Manager

Department: Internal Audit India

Qualification: ICWA, Chartered Accountant or a comparable education.

Purpose of the Position (Short Summary of the Role):

Audit Manager is responsible to plan and perform the audit assignment starting from audit announcement, audit planning, field work, audit quality reviews, pre-closing / closing meetings with the respective Directors / Head of the Departments including writing of the audit report and its finalization as well as follow up of the audit actions.

Audit Manager can be a lead auditor and take the responsibility for an audit, and is expected to have completed several professional trainings.

Skills Required:

Critical, Technical & Behavioral Skills (As required for the role)

Technical Skills:

• Knowledge on the general standards of Internal Audit
• Updated with financial regulations as well as legal udates
• Technical product knowledge
• Understanding of compay processes and identification of control gaps along with associated risks of the process
• Company systems
• Knowledge of Microsoft office tools & SAP

Critical Skills:

• Problem solving skill
• Influencing and negotiation skills
• Analytical and critical thinking skills

Behavioral Skills:

• Ethics and Integrity
• Effective presentation and communication skills (Conducting meetings with Directors and HOD's)
• Able to work independently with minimum supervision
• Leadership skills to lead the audit engagements
• Convincing & Assertive
• Cooperation
• Engagement and self-initiative

Role & responsibilities

Audit Planning

1) Perform audits at KODA AUTO Volkswagen India Pvt. Ltd. and other concerned Volkswagen Group Companies with focus on technical processes keeping the associated business risks in mind.

2) Preparation of audit objective & scope document along with audit schedule based on the audit objective and timeline specified by Chief Audit Executive.

3) Preparation of work program

Audit Process

1) Prepare and conduct preparatory interviews with the Directors and Heads of the audited departments to identify the processes to be assessed during the audit.

2) Request and collect relevant audit data for analysis from respective business areas.

3) Prepare audit matrix on periodic basis to record the audit field work and update the progress of the audit to Head of Commercial or Technical Audit and Chief Audit Executive

4) Define actions including relevant controls to mitigate the business risks identified based on the evidences provided during the audit.

5) Organize and conduct pre-closing meetings with business areas to agree upon audit observations and relevant actions.

6) Prepare and conduct closing meetings with the Directors / Heads of the Department for audited division to agree upon the audit observations, risks and proposed actions.

7) Prepare the draft audit report and submit the same to the Head of Commercial or Technical Audit as well as Chief Audit Executive for review.

8) Ensure that adequate documentation is prepared for the audit assignment. Peer review changes are done before release of the final audit report to the business area.

9) Contact business area to review the progress of the implementation of audit actions defined in the final audit report. Based on the review, write the status of the follow up and submit the same for upload in RIAS.

10) Obtain necessary certifications / qualifications to support the job requirements by attending relevant trainings

11) Ensure the conduction of unscheduled audits/special investigations and audits from the anti-corruption system.

12) Relevant knowledge is shared among the team members.

13) Additional responsibilities as allocated -

• Coordinating for department budget
• Preparation of MIS reports for department
• Co-ordination of QMS (Quality Management System Audit) and Group Quality requirements
• Co-ordination for communication activities for department

Talent Management

1. Support in people management and coordination of the audit team.

2. Guide more junior auditors (on-the-job training) for effectiveness and efficiency.