Description:

Company Name: Brakes India Pvt Ltd.

Purpose:

- Serves as the organizations 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.

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 organizations 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 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 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 (CAs) mandatory with 18-25 years of experience in Internal audit, risk management, and compliance.

- Manufacturing industry experience is desirable.