General Manager - Internal Audit - CA

Education: CA

Experience: 14-20 years of progressive experience in Audit, Risk & Assurance

Role Overview:

The General Manager - Audit will be responsible for leading the internal audit function, strengthening governance frameworks, driving risk-based audits, and ensuring compliance with regulatory and organizational requirements. The role will partner closely with senior management, Audit Committee, and the Board.

MUST HAVE:

- Knowledge of Tech Tools like Power BI or Tableau, Data Analytics, Control Self Assessments, Continuous Control Monitoring, etc.

- Best processes around various areas eg. Given Fixed Assets, Attendance monitoring of outsourced Labour

- Presentations to Management CEO, Audit Committee, BCM, GCM

- Skilled in power point, AI / ML, SAP preferably in S4 Hana

Key Responsibilities:

1) Audit Universe & Annual Audit Planning

- Develop, maintain, and continuously monitor the Audit Universe and Annual Audit Scope, ensuring alignment with Business objectives and MAG strategy.

- Finalize the Annual Audit Plan in consultation with Management.

- Oversee cost-effective engagement of outsourced audit firms for Joint Ventures, Associates, and Subsidiaries.

- Review draft and final audit reports prior to submission to the Audit Committee / Board.

- Monitor and provide oversight on the Audit Tracking (ATR) mechanism.

2) Revenue Audit, Cost Optimization & Interest Cost Review

- Identify opportunities for revenue enhancement across Aero and Non-Aero segments.

- Identify areas for cost reduction, optimization, and frugality initiatives.

3) Pre-Audit & Concurrent Audits

- Conduct pre-audit and concurrent audits for contracts, purchase orders, and payments beyond specified thresholds, as directed from time to time.

- Ensure timely completion of audits and validation of management's compliance with audit observations and recommendations.

4) Compliance - Commercial, Contracts & Regulatory

- Contractual compliances.

- Internal policies, procedures, and systems.

- Implementation and monitoring of Internal Financial Controls (IFC)

5) Audit Reporting & Compliance Monitoring

- Define responsibilities and timelines to management personnel

- Follow up on statutory auditors, cost auditors and secretarial auditors review reports to update audit universe, audit scope and/or closure of audit observations

6) Data Analytics & Reporting

- Use SAP R/3