Internal Auditor

Job Title : Internal Auditor

Job Purpose : Performs full audit cycle, reports on risk & control management over operations effectiveness, financial reliability &

compliance and supports Team Lead Internal Auditor in preparing presentations on various topics.

• Drives and executes end-to-end projects for overall strengthening of the Internal Audit Department and Internal Controls effectiveness at Varroc.
• Performs and manages assignments for building SOPs, cost control, setting up processes in SAP, and partnering in business, formation and execution of automation projects.
• Audit of Plants as per Annual Plan.
• Communicates Audit schedule to Plant & initiates opening meeting with Plant Head & Plant Team on scope of audit,initial documents requirements & duration.
• Conducts audit reviews as agreed with Zonal Head Internal Audit on respective processes.
• Follows the audit checklist of agreed areas of reviews.
• Carry out reviews by retrieving, compiling and analyzing data & information and verifying relevant records and documentation.
• To do process analysis and discuss the same with the process owner on the observations.
• Interaction with cross-functional departments like BD, SCM, IT, HR, Finance, Quality, Maintenance, etc. as required.
• Gathering email communication responses from process owners on the observations communicated.
• Discussion with Reviewer on Audit for any observations and making changes as per recommendations.
• Closing meeting with Process Owners, Plant Heads and Cluster Heads, etc.
• Participate in the closing meeting discussion with the Plant Head/Cluster Head and Region Head.
• Special Investigation/assignments : To be conducted every year (SOP/Special Assignments) as assigned by the Chief Internal Auditor & Zonal Head Internal Audit.

Internal Audit Report Preparation

Drafting observations & updating the management response in the Internal Audit Report.

Prepare draft audit report.

Finalisation of audit report

Identify the target date for implementation of observations.

Submission of IA report to Zonal Head Internal Audit for any changes or inputs.

To prepare a Key Summary of high-risk observations and to discuss the report with the Region Head & COO. Action Taken Report (ATR) for the implementation of Observation.

Make the Tenet file (Details or evidence required for closure of observation in the IA tool) for closure of open IA Points.

Periodical follow-up with auditees for the necessary evidence for closure in the tool.

Obtaining approval for timeline extension

Closure of observations on verification of relevant information and documents

Continuous follow-up with the Plant team to ensure closure of all ATR points as per the target date.

Cost Saving Initiative

Identify cost-saving topics during the Audit process and recommend for detailed review

Conduct a detailed review, discuss with concerned process owners, verify records and make observations and recommendations

Reach consensus with the concerned process owner and functional head on remedial action plans for cost saving

Check the feasibility for the same & horizontal deployment of the same in other plants.