Role : Associate Manager Internal Audit
Location : Bangalore
Key Responsibilities
Financial Outcomes:
- Responsible for execution and driving internal audits in commodity sourcing and contribute in elevating process maturity around the areas of audit coverage in line with organizational goals.
- Support the Lead by executing and timely completing the Internal audits across various domestic and international operations and business segments.
- Identify cost saving opportunities by streamlining the process and benchmarking against industry leading practices
- Identifying areas for regular sensitization to promote and maintain a healthy control environment.
- During the audit execution, assess the process design and control effectiveness in achieving business objectives. Identify, document weaknesses, and findings with evidence.
- Take lead in developing risk analytics and dashboards for sustainable improvement and business partnering.
- Support in executing special assignments based on outcomes of the audit, business need/request to help organization in strengthening controls, improve processes.
Customer Service:
- Proactively identify and highlight challenges and conflicts during audits execution.
- Suggest process improvements focusing on automation and digitization opportunities.
- Undertake vendor site visits / market visits to gain insights on vendor practices.
- Monitoring of various regulations impacting sourcing including sustainability requirements
- Work with audit lead and business on pending audit actions to ensure timely implementation of audit recommendation and agreed action plans.
- Engage with low to middle management for business in aligning the audit observations, taking their inputs to enhance correctness and quality of observation.
- Provide industry-based insights to the stakeholders, during the discussion for better clarity on process gaps, observations, issues etc.
Internal Process:
- Draft quality reports with clear recommendations, specific action plans, and concise reporting.
- Work alongside with co-sourcing and in-house teams to deliver the engagement.
- Embed audit inputs from CIA and audit lead, ensure comprehensive audit coverage, robust test procedures, and quality observations.
- Ensure audit progress in line with agreed scope document to execution and provide regular updates.
- Proactively highlight challenges for timely audit completion in line with agreed timelines.
- Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies.
- Ensure factual accuracy of observations and alignments with business.
- Plan and conduct meetings with auditee at the end of fieldwork, providing clear explanations.
- Assist in benchmarking processes with peer FMCG companies to identify improvement areas and best practices.
Innovation and Learning:
- Support and develop need-based analytics on TGO platform for Internal audit as well as for business on control related aspects.
- Attend the trainings suggested by the audit leads and focus on professional development agenda.
- Collaborate with other audit leads to share best practices and improve audit quality.
- Foster a culture of training to enhance knowledge on covered domains and risk factors.
Critical Success Factors
- At least2-3 years of work experience, preferably in the FMCG industry or Big 4 / global consulting firms
- Possession of a reputable accounting or business degree, such as Chartered Accountant (CA) or ACCA (Association of Chartered Certified Accountants)
- Proficient in carrying out process audits around Agri commodity sourcing
- Working knowledge of SAP, procurement tools and Power BI / other data analytics tools
- Excellent communication skills for articulating complex concepts.
- Commitment to professional development and staying abreast with changes in the market.
