Head of Internal Audit

About the company:Our client is the leading supplier of braking systems in the Indian market and the global supplier of ferrous castings.Job Title - Head of Internal Control SystemJob Description:Purpose:Serves as the organization’s chief audit executive and as a member of the executive management team. Performs advanced level professional internal auditing work as a key component of the corporate governance structure. Work involves directing a comprehensive audit program including performance, financial and compliance audit projects.Scope:All Locations of the Company and also the Dedicated UnitsRoles & Responsibilities: Sets objectives for the department based on the medium-term objectives and monitors the same at regular intervals. Guides audit staff in the planning, organizing, directing and monitoring of Internal Audit operations, including assisting in training and evaluating staff and taking corrective actions to address performance problems. Directs the identification and evaluation of the organization’s risk areas and oversees the development of the annual Audit Plan. Identify/suggest improvement & cost savings opportunities, prepare audit findings and make suitable recommendations. Interacts with team and prepares annual plan for internal audit activities to meet set objectives. Discusses with statutory auditors about the annual audit plan and gets approval from Audit committee. Develops audit plan for individual auditors and assigns the task to them to meet requirements. Sends communication on the annual audit plan to all concerned auditees as per procedure and to ensure the presence of concerned individual during auditing. Develops the audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting the processes and procedures to meet requirements. Reviews and verifies the audit reports submitted by team members at regular intervals. Consolidates the audit reports and presents them to management on monthly basis. Verifies and send reports to audit committee on the corrective actions taken for the major deviation areas/points. Coordinates with external auditors for internal auditing of regions/warehouses and to ensure the same are carried out as per plan. Conducting comprehensive audits across the company and Foundry divisions to enhance operational efficiency, compliance and financial reliability. Represents internal audit at management meetings and with external organizations. Prepares annual budget (manpower, capex and revenue) for the internal audit section and forwards to director in charge for review. Monitors and controls operating budget for the Internal audit Department (Revenue and Capital Budget). Communicates the results of audits via written reports and oral presentations to management and the Board of Directors. Provides professional guidance to the audit team in the identification, development and documentation of audit issues and recommendations. Pursues professional development opportunities, including internal and external training and professional association memberships, and shares information gained with audit team. Recommends or nominates the team members for training programmes to enhance their knowledge and skill. Recruits and supports HR in acquiring the right talent for the section.Key Competencies: Strong understanding of internal control frameworks, including developing risk control matrices, guiding the team, and performing control assessments. ERP or particularly SAP knowledge (Mandatory Requirement). Ability to develop, implement, and maintain a delegation of authority manualto ensure clear lines of accountability. Proficiency in data analytics tools (e.g., IDEA, ACL, Power BI) for maintaining existing exception reports and developing new ones. Skilled at delivering clear, concise presentations on complex topics, ensuring tactful communication with the Board. Maintain excellent business report writing skills to translate technical IT reports from IT auditors into clear, concise reports for the Audit Committee. Effective communication and relationship building skills to understand concerns and communicate clearly with both the Audit Committee and Management. Internal audits and manufacturing operations preferred. International travel Audit exposure by geo region. Preferred Certified Internal Auditor (CIA) and/or Certified Information Systems Auditor (CISA) certifications.Qualification & Experience:*Qualified Chartered Accountant (CA’s) with 18-25 years of experience in Internal audit, risk management, and compliance. Manufacturing industry experience isdesirable.Age Restriction: Up to 52 years.CTC - Up to 60 LPA