Asian Paints - Manager - Corporate Audit

Compay: Asian Paints Limited (APL)

Vertical : Corporate Audit & Risk (CANR)

Job Description :

Job Title : Manager Audit

Department : Corporate Audit

Reporting to : Senior Manager - Corporate Audit

Grade : M6

Jobs Reporting Into : Officer Audit

Location/Unit : Vakola (HO)

Job Purpose :

- Assess the adequacy and relevance of internal control systems, policies and procedures; report on the extent of compliance with the same

- Provide reasonable assurance to the Audit Committee and Executive Council over efficiency/effectiveness of operations (including the safeguarding of assets), the reliability of financial and management reporting, and compliance with laws and regulations

- Conduct proactive fraud audits to identify potentially fraudulent acts; participate in fraud investigations under the direction of fraud investigation professionals, and conduct post investigation fraud audits to identify control breakdowns and establish financial loss.

Primary Responsibilities :

1. Planning, Scheduling and Conducting Audits :

- Prepare and administer an audit plan for the respective work area

- Capture expectations of stakeholders for comprehensive planning and effective implementation

- Schedule audits to ensure the planned/required geographical and risk coverage

- Identify data requirements for effective audits

2. Report writing and Summary

- Write a comprehensive report covering all the observation

- Summarize report and highlighting major observations and action areas to the hierarchy

- Ensure that audits are closed as per defined timelines

- Follow-up with stakeholders ensuring closure of process

3, Team Management - Training and development

- Manage a team of officers and guide them towards the achievement of goals

- Review team members- performance and provide constructive feedbacks and required trainings

- Play an active role in the recruitment of incumbents into the team

Key Performance Indicators :

- Achievement of audit plan as per Audit Calendar

- Adherence to SLA in all Audits and DA Assignments

- Knowledge Management Improving Control Environment

- Data Analytics and Regular Monitoring

Scope of Work :

a) PeopleManagement : 1-2 Direct reportees (Officer - Audit)

b) Corporate Coverage (Company-wide / Business Unit or Function-wide / Sub- function-wide / Other): - Business unit or Functionwide

Key Interactions :

Internal :

- Respective Auditee of the Function / Area Audited

- Hierarchy of Functions / DepartmentsAudited

- Sales team, Marketing team, Corporate finance team, Distribution team, Production, HR, Legal, Secretarial, R&Tteams

External :

- Third Party Agents and ServiceProviders

- Outside Processing/ProductionCentres

- External CA Firms carrying out InternalAudit

- Vendors for Audit Tools such as SAP, Metric Stream, ACLetc.

Role Requirements / Specifications :

Qualifications :

Essential :

- Chartered Accountants who have cleared the examination in first attempt

- Graduation in any discipline

Desired :

- Rank Holder in Chartered AccountancyExamination

- Good inAcademics

- CIMA / ACCA / CFA /CS / CWA or any such relevantqualification

Previous Experience :

Essential :

- Relevant Post Qualification Experience in Internal Audit Function in Big Four- s, Corporate or Large / Mid Sized Firms /Organizations

Desired :

- Article ship in a medium or a big Four CA firm

- Lead a Team in Previous work experience

- Should be efficient in Deployment of Tools such as SAP, ACL, and Excel etc.

Minimum Education : CA

Experience : 1.00 to 3.00 years

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