Internal Control System

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 Units

Roles & 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 manual

to 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 is

desirable.

Age Restriction: Up to 52 years.

Job Type: Full-time

Pay: Up to ₹6,000,000.00 per year

Work Location: In person