Internal Auditor

Job Title: Group Internal Auditor

No. of Vacancies: 1

JR No: R0080675

Location: Pune

Full time /Part Time: Full time

Regular /Temporary: Regular

SANDVIK COROMANT is the world’s leading supplier of tools, tooling solutions and know-how to the metalworking industry. With extensive investments in research and development we create unique innovations and set new productivity standards together with our customers. These include the world's major automotive, aerospace and energy industries. Sandvik Coromant has 8,000 employees and is represented in 130 countries. We are part of the business area Sandvik Machining Solutions within the global industrial group Sandvik.

At Sandvik Coromant, we are driven by a passion for excellence in everything we do. Our belief is that sustainable success is a team effort and with our profound knowledge of metal cutting and insight into the varying challenges of different industries, we strive to develop innovative solutions in collaboration with our customers, to meet both current and future demands.

We are seeking for people who are passionate in their work and possess the drive to excel to join us.

Purpose: Provide independent, objective assurance and consulting to add value and improve Sandvik's operations. Help Sandvik accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, internal controls, and governance processes

Main Responsibilities:
Planning and scoping
- Supporting the IA Operational Manager and GIA team in scoping internal audits, this can include analyzing data, conducting initial interviews to identify key concerns and risks or other measures assigned by the HIA.
- Supports the Audit Team Lead in planning tasks before the audit assignments such as scheduling interviews, extracting relevant data for upcoming audits and any other relevant audit planning activities etc.
- Responsible for own preparation by understanding the assigned processes and risks, relevant policies and procedures, and prior performed audits for similar entities etc.; as well as is responsible for reaching out to the Team Lead for guidance/ training.

Execution

Independently executing internal audits including:

- Desktop review
- Onsite audits
- Offsite/remote work

Based on the GIA Methodology.
- Conducting periodic update meetings with the HIA, IA Operational Manager & the Team Lead among other things to brainstorm and discuss.
- Ongoing reporting to the auditee organization of the findings and root causes and assimilating their feedback to improve the quality of the same.
- Conducting interim update meetings and exit meetings with the management of the auditee organization.
- Responsible for the timely and complete execution of the audit procedures as instructed by the Team Lead

Reporting
- Independently preparing draft audit reports comprising of observations, root causes, risks, risk assessment (to the extent possible, quantified) and the recommendations (usually to address the root cause). Updating reports based on feedback from the HIA, IA Operational Manager, Team Lead and Auditees.

Other matters
- Documenting the results of the audit work, in accordance with the standard agreed with the HIA.
- Preparing and updating ‘risk assurance program in accordance with the standard agreed with HIA.
- If required by the HIA, handholding and supporting the auditee organization with implementation of actions.
- Carrying out or assisting the IA Operational Manager with any other assignments related to control, risk, governance, process improvement, policy formulation, investigations etc. as directed by the HIA.

Key Competencies:

- University degree in business or finance and preferably with a professional certification ACCA/CPA/CA/CIA/MBA.
- 4-7 years of progressive work experience in risk based internal audits in Big 4 accounting firms and/or Contact center industry.
- Strong and broad knowledge of manufacturing industry with exposure to best practices in the industry.
- Business partner approach - Focuses on the internal customer by understanding business priorities and issues.
- Business and risk oriented - Deep rooted understanding and experience with risk analysis, internal controls, business process analysis, business process improvement, data analysis, root cause analysis and auditing principles. Knowledge of project management principles being an advantage.
- Data Analytics, awareness of Forecasting/MIS reporting and of local governing laws/statutory law

Skills & values
- Excellent interpersonal skills, energetic, entrepreneurial, self-starter capable of self-direction and with strong work ethics.
- High learning agility, strong analytical skills, attention to detail and focus on quality.
- Prior multinational & multi-cultural experience is preferable. Global experience in Asia, Europe, and the Americas being an advantage.
- Fluency in English is a must and understanding in any other foreign language