Lead - Internal Audit - MAG

Job Responsibilities

- Continuous monitoring of Audit Universe and Scope and their alignment to Business and MAG Strategy.

- Timely completion of audits of contracts, purchase orders and payments beyond specified value and validating compliance by management on auditor's comments.

- Continuous assessment and reporting on: Stage Gate Audit, Time to complete and assess likely time overrun, Cost to complete and assess likely cost overrun, Claims for and against, Direct & Indirect taxation optimization.

- Ensuring Return on Investments (Projects) like effective utilization of funds deployed and maximize return on investments, Continuous identification of areas for cost savings in projects and liaise with Management for achieving them, Value savings reported by outsourced firms exceed costs incurred.

- Ensures effectiveness of: Compliance to Concession Agreements & Reporting, Contract Compliances, Policies, Procedures and Systems, Compliance Software - Regulatory Reporting & Certification Process, IFC Implementation.

- Issue audit reports as per timelines fixed and upload them in a shared folder with appropriate access to MAG team members across Group.

- Defining responsibilities and timelines to management personnel for CAPA.

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

- Use SAP R/3 and IDEA analytical tools for data mining on "AMPLE" basis and NOT on "SAMPLE" basis.