Assistant Manager-Business Excellence & Internal Audit

Company Description

Kotak Education Foundation (KEF), established in 2007, is dedicated to empowering children and youth from underprivileged families through educational interventions and skill-training programs. KEF focuses on transforming lives by fostering learning and development opportunities for disadvantaged communities. The foundation strives to create sustainable impact through targeted programs that address educational gaps and promote overall growth and development.

Role Description

This is a full-time, on-site position based in Mumbai for an Assistant Manager- Business Excellence & Internal Audit. The individual will be responsible for the following:-

1. Actively engage with all organizational interventions to build robust processes or update existing processes.

2. Perform the full audit cycle, including risk management and control management of the organization's various interventions with effectiveness and financial reliability.

3. Convene meetings with various interventions to develop an understanding of the processes.

4. Ensure compliance with updated process notes, applicable directives, and CSR regulations.

5. Execute the internal audit scope and develop/implement periodical audit and internal control plans.

6. Obtain, analyze, and evaluate process documentation, previous reports, data, flowcharts, etc.

7. Prepare and present reports that reflect the audit's results and document processes.

8. Identify gaps in processes and evaluate and recommend risk aversion/mitigation measures, cost savings techniques, and process improvements.

9. Document process notes and updates and prepare audit findings. memorandum and update processes as per interventions current practices

10. Conduct follow-up audits to keep the process repository updated.

11. Engage with continuous knowledge development regarding CSR rules, regulations, best practices, tools, techniques, and performance standards.

12. Perform inquiries and testing as needed to identify and resolve vulnerabilities.

13. Make recommendations to management about audit triggers, internal controls, automation needs, and cost- and time-saving processes.

14. Maintain a repository or master inventory of all business processes and practices.

15. Anticipating emerging issues through research and discussions with the interventions

16. Providing support and guidance to management on how to assess risks and mitigate the same for new projects and opportunities

17. Coordinate with all external auditors and partners audit requirements and CSR certification requirements.

Qualifications

• Strong Analytical Skills to evaluate data, identify trends, and solve problems effectively
• Proficiency in Audit and risk controls, including the preparation of Audit Reports
• Experience in Internal Controls and Financial Audits, ensuring accuracy, compliance, and risk mitigation
• Detail-oriented and capable of managing multiple tasks while maintaining focus and accuracy
• Ability to communicate findings and recommendations clearly to stakeholders
• Degree holder or pursuing degree in Finance, Accounting, Auditing or a related field; professional certifications such as CA/IPCC, CMA, ACCA or CIA will be an added advantage
• Experience in the nonprofit or education sector is a plus