- At Alfa Laval, we contribute every day to a sustainable future for our planet through engineering innovation. The people of Alfa Laval enjoy the freedom to pursue ideas and the resources to see those ideas become reality, in an environment that welcomes drive, courage and diversity. The result is a company where we all can be very proud of what we do.

- Alfa Laval India Pvt Ltd is looking for Group Internal Audit Manager based out of Pune for its Group function. This position is being created to ensure good internal control environment, robust governance & effective risk management which are important for Alfa Laval to operate efficiently, profitably and in a risk-intelligent manner. To ensure that Alfa Laval achieves its strategic, financial, operational and compliance objectives, it is essential that the control environment and risk management procedures are continually maintained and enhanced.

Purpose of the role:

The incumbent will carry out audits with the following key objectives:

- Providing risk assurance i.e. identifying risks and evaluating if (auditable) risks are being managed appropriately. Assessing risks and their impacts in a tangible manner, using analytical procedures in due course.

- Providing governance assurance i.e. if the governance processes and other internal policies and processes are adhered consistently

- Reviewing effectiveness and efficiency of operations and advising management on how to improve systems, processes, controls and risk management practices (using internal best practices in Alfa Laval and leveraging prior experience/external best practices).

- Aligning key stakeholders regarding risks and root causes noted and obtaining meaningful action plans for improvements in processes, controls and risk management practices.

Key responsibilities of the role would be as below :

Internal Audit:

Planning and scoping:

- Supporting the HIA and GIA team in scoping of internal audits, this can include analyzing data, conducting initial interviews to identify key concerns and risks or other measures assigned by the HIA.

- Researching new or technical subjects when required, as part of audit planning Execution

Independently executing internal audit including:

1. Offsite/remote work

2. Onsite audit

- Conducting periodic update meetings with HIA among other things to brainstorm and discuss.

- Ongoing reporting to the auditee organization of the findings and root causes and assimilating their feedback to improve the quality of the same.

- Conducting interim update meetings and exit meetings with the management of the auditee organization.

Reporting :

- Independently preparing draft audit reports comprising of observations, root causes, risks, risk assessment (to the extent possible, quantified) and the recommendations (usually to address the root cause). Updating reports based on feedback from HIA and Auditees.

- Issuance of reports to management for action plans.

- Preliminary review of the action plans submitted by the auditee organization to determine if the actions are SMART and addresses the risks and root cause noted. Discussing the gaps in the action plans and after alignment submitting feedback and suggestions to the Auditee organization.

- Incorporating SMART actions in the audit report and preparing final audit report.

Other matters:

- Documenting the results of audit work, in accordance to the standards required by AL and the industry.

- Preparing and updating - risk assurance program- in accordance with the standards required by AL and the industry.

- Periodic follow up on the status of action plans.

Ad-hoc matters :

- Assisting with internal audit plan and the risk management process

- Carrying out any other assignments related to control, risk, governance, process improvement, policy formulation, investigations etc. as directed by HIA.

- Supporting GIA in monitoring the work of external service provider, where required.

Qualification and competencies:

- University degree in business or finance and preferably with a professional certification ACCA/CPA/CA/CIA/MBA.

- 4-7 years of progressive work experience in risk based internal audits in Big 4 accounting firms and/or manufacturing industry.

- Strong and broad knowledge of manufacturing industry with exposure to best practices in the industry.

- Business partner approach - Focuses on the internal customer by understanding business priorities and issues.

- Business and risk oriented - Deep rooted understanding and experience with risk analysis, internal controls, business process analysis, business process improvement, data analysis, root cause analysis and auditing principles. Knowledge of project management principles being an advantage.

- Deep understanding of Data Analytics and proficiency with MS Office applications (PowerPoint, Excel, Word, Outlook and Visio).

- Knowledge of multiple accounting systems is an advantage and there should be an awareness of Forecasting/MIS reporting and of local governing laws/statutory law

Skills & values:

- Excellent interpersonal skills, energetic, entrepreneurial, self-starter capable of self-direction and with strong work ethics.

- High learning agility, strong analytical skills, attention to detail and focus on quality.

- Prior multinational & multi-cultural experience is preferable. Global experience in Asia, Europe, and the Americas being an advantage.

- Fluency in English is a must and understanding in any other foreign language is an advantage.

- Strong written and verbal communications skills with experience of interacting and presenting to senior management.

- - Can do- attitude, passionate about the role and driven to meet deadlines on assignments, ability to juggle multiple demands.

- Should be a team player with the ability to maintain a high level of confidentiality.

Key relationships:

- Global Internal Audit team and its members

- Business Division's

- Finance team

- Unit Managers

- Local and global counterparts in Group Functions

If you consider yourself qualified for the position and think you can make difference to our success and are interested in applying, please send your curriculum vitae not later than 20th September,2020 with a short write up on why you consider yourself suitable for the position.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.