Senior Internal Auditor

The Internal Auditor is responsible for leading the internal audit function of the company. This individual contributor role provides independent assurance on the effectiveness of the company's financial, operational, IT, and compliance controls across all locations. By planning and executing risk-based audits, the Internal Auditor helps ensure processes comply with laws and policies, internal controls are robust, and business operations are efficient and secure. The ultimate goal is to safeguard company assets, identify areas for improvement, and support a culture of accountability and continuous improvement in the organization's governance and operations.

Location - Okhla Phase 1 Delhi

This is an Individual Contributor role

Qualifications & Experience:

CA with 8 to 10 years of experience in audit of multi location manufacturing preferably Auto Components

Responsibilities:

1) Audit Planning

Develop and implement a comprehensive annual internal audit plan covering financial, operational, IT, and compliance audits across the company's plants and corporate functions, using a risk-based approach to focus on high-impact areas.

2) Audit Execution

Conduct end-to-end internal audit engagements – from planning and fieldwork to reporting – to evaluate the reliability and effectiveness of financial reporting, operational processes, and internal controls.

This includes examining records and transactions for accuracy, ensuring compliance with applicable laws, regulations, and company policies.

3) SAP Controls and IT

Audits Review and test the effectiveness of controls within the SAP ERP system and related IT environments.

Ensure proper segregation of duties and access controls in SAP to mitigate fraud risks and protect the organization's finances.

Evaluate IT general controls and application controls, identifying any weaknesses in system security, data integrity, or interface controls.

4) Financial and Operational Audits

Examine key financial processes (such as accounting, reporting, treasury) and operational processes (such as procurement, inventory management, production) for efficiency and control effectiveness.

Identify process gaps or cost-saving opportunities and recommend improvements to enhance profitability and operational efficiency.

5) Vendor/Supplier Audits

Conduct periodic audits of critical suppliers and vendors to ensure they meet contractual obligations, comply with regulations, and maintain required quality standards.

Assess third-party risk and work with the procurement/supply chain team to mitigate risks related to vendor performance and compliance.

6) Compliance Audits

Verify adherence to statutory and regulatory requirements (e.g. Companies Act, tax laws, environmental and safety regulations).

Ensure the organization's activities and processes comply with applicable laws and internal policies and highlight any areas of non-compliance for remediation.

7) Coordination of Co-Sourced Audits

Supervise and coordinate the activities of the external internal audit firm engaged by the company (co-sourcing partner).

Provide them with guidance on audit scope and approach, review their work for quality, and ensure audit projects executed by external partners meet the company's objectives.

Foster a collaborative working relationship while maintaining clear oversight of deliverables.

8) Reporting and Communication: plans

Prepare clear, concise audit reports and presentations summarizing audit findings, risks, and recommendations for improvement.

Present audit results to senior management and the Audit Committee, providing an independent and objective assessment of the organization's control environment.

Communicate significant issues and recommendations in a timely manner and advise process owners on practical corrective action

9) Follow-up and Remediation

Track the implementation of agreed audit recommendations and corrective actions.

Conduct follow-up reviews to verify that control improvements or policy changes have been effectively implemented, and report on the status of remediation to management and the Audit Committee.

10) Continuous Improvement:

Stay updated on emerging risks, industry best practices, and regulatory changes affecting the manufacturing sector and internal auditing (e.g. IIA standards, SAP updates).

Continuously refine the audit methodology, leverage data analytics for more insightful audits, and advise management on strengthening internal controls and risk management strategies.

11) Ad Hoc Investigations As needed, lead or assist in special investigations (e.g. fraud reviews or ethics investigations) and perform any special audits requested by the Audit Committee or management, ensuring objectivity and thoroughness in these engagements.