Transrail Lighting - Manager - Internal Audit

Company Overview:

Transrail Lighting Limited head quartered in India. It is a leading Infrastructure turnkey solutions provider, with a strong lineage of 4 decades having footprint in more than 50 countries. It provides comprehensive solutions on a turnkey basis with presence across Power Transmission & Distribution, Substations, Civil Construction, Railways and Pole & lighting businesses.

Company URL: https://transrail.in/

Job Location: Bandra BKC, Mumbai

As an Internal Audit Lead for an EPC (Engineering, Procurement, and Construction) company, your role would involve overseeing and managing the internal audit function within the organization. You would be responsible for ensuring that the company's operations, financial systems, and processes are in compliance with applicable laws, regulations, and industry standards. Your job description may include the following responsibilities:

1. Internal Audit Planning: Develop an annual internal audit plan based on the company's risk profile, objectives, and regulatory requirements. Identify key areas to be audited, prioritize audits, and allocate resources accordingly.

2. Audit Execution: Conduct audits and reviews of various departments, projects, and processes within the company. Evaluate the effectiveness of internal controls, risk management practices, and operational procedures. Identify control weaknesses, process inefficiencies, and compliance gaps. Document findings and make recommendations for improvement.

3. Risk Assessment: Assess and analyse potential risks and vulnerabilities within the organization. Develop risk mitigation strategies and controls to minimize exposure to risks. Advise management on risk management practices and assist in implementing risk mitigation measures.

4. Compliance Monitoring: Ensure compliance with relevant laws, regulations, and contractual obligations. Keep abreast of changes in regulations and industry best practices. Review policies, procedures, and processes to ensure alignment with regulatory requirements.

5. Internal Controls: Evaluate the design and effectiveness of internal controls across various

functions and processes. Identify control deficiencies and work with management to develop and

implement corrective actions. Promote a culture of strong internal controls throughout the

organization.

6. Reporting and Communication: Prepare audit reports detailing findings, recommendations, and action plans. Present audit results to senior management and the Audit Committee of the Board of Directors. Communicate effectively with stakeholders, providing guidance on internal control matters and promoting awareness of internal audit activities.

7. Team Management: Lead and supervise a team of internal auditors. Assign audit tasks, provide guidance and training, and conduct performance evaluations. Foster a collaborative and high performing team environment.

8. Continuous Improvement: Continuously assess and enhance the internal audit function. Identify opportunities for process improvements and automation. Stay updated on industry trends and best practices in internal auditing.

Key Requirements:

- This role requires a candidate with CA or CA Inter or MBA Finance between 5 to 10 years of experience.

- 10-20% Travel every month

- SAP FICO, SAP MM Module

- Preferably has prior experience in EPC industry