Head-Internal Audit
2 days ago
This role is for one of the Weekday's clients
Salary range: Rs Rs ie INR 40-50 LPA)
Min Experience: 18 years
Location: Chennai
JobType: full-time
This leadership role serves as the organization's Chief Audit Executive, providing strategic direction to the internal audit function and playing a key role in corporate governance. You will oversee a comprehensive audit program—including performance, financial, and compliance reviews—across all company locations and dedicated units. The role requires strong expertise in risk assessment, audit planning, internal controls, and operational excellence. As a senior member of executive management, you will guide audit strategy, strengthen internal controls, and ensure alignment with organizational goals.
Requirements
Key Responsibilities- Define departmental objectives aligned with organizational priorities and review progress at regular intervals.
- Lead, mentor, and manage audit teams, ensuring effective planning, execution, training, and performance management.
- Direct the assessment of enterprise-wide risks and oversee the creation of the annual internal audit plan.
- Identify process improvement and cost-saving opportunities; prepare findings and recommend corrective actions.
- Conduct annual planning discussions with auditors and secure approval from the Audit Committee.
- Develop and assign detailed audit plans, ensuring timely communication and coordination with all auditees.
- Establish and refine audit procedures—issue identification, criteria creation, evidence review, and documentation.
- Review audit reports submitted by audit staff and ensure timely consolidation for monthly management reporting.
- Monitor corrective actions for major deviations and present outcomes to the Audit Committee.
- Collaborate with external auditors to ensure internal audits across units are completed as planned.
- Lead comprehensive audits across diverse business divisions to enhance operational efficiency and compliance.
- Represent the internal audit function in management meetings and external interactions.
- Prepare and monitor annual budgets (manpower, revenue, and capital) for the audit function.
- Deliver clear, concise audit findings through written reports and presentations to senior leadership and the board.
- Drive continuous professional development within the team, recommending training and upskilling programs.
- Support recruitment efforts to build a highly skilled internal audit team.
- 18–25 years of experience in internal audit, risk management, or compliance, with strong leadership capabilities.
- Qualified Chartered Accountant with a deep understanding of internal control frameworks, RCMs, and audit methodologies.
- Hands-on experience with ERP systems—SAP expertise is a mandatory requirement.
- Proficiency in data analytics tools (IDEA, ACL, Power BI) and the ability to leverage them for exception reporting and insights.
- Strong ability to interpret complex IT or technical audit reports and present them in a clear, concise manner for senior stakeholders.
- Excellent communication, stakeholder management, and relationship-building skills across all levels of leadership.
- Experience with manufacturing operations, internal audits across multiple locations, and international audit exposure.
- Preferred certifications: CIA, CISA, or equivalent professional qualifications.
- Demonstrated ability to strengthen governance, drive continuous improvement, and uphold audit integrity.
- Age limit: Up to 52 years.
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