Senior Internal Auditor

Roles and responsibilities

• Carry out Internal audits as per the Approved IA Plan
• Conduct special reviews and assignments as requested by the Audit Committee and Chief Audit Executive.
• Carry out substantive testing and verification of books of account with supporting documents & records to ensure that they fall in line with the policies laid down by the company.
  

Key Accountabilities:

Performance of Full Scope Audit, Special Review engagements & Independent Audits

• Carry out audits as per the Approved IA Plan covering all areas related to the auditee and completion of the assignment within stipulated time-frame.
• This includes Full scope Audits, School audits, Special Reviews & Investigations, Limited Scope Reviews, Health & Safety Reviews etc.
  

Review of Internal Controls

• Examine and report on existing controls, systems & procedures to ensure that the corporate resources and assets are properly utilised and protected and report on all inadequate or inefficient operations.
• To verify and report ineffective internal controls, including accounting procedures and suggest alternate procedures for better efficiency and control.
• To review the existing systems to ascertain whether the desired results are obtained, and whether they are consistent with established objectives and policies.
• Assess internal controls and processes to identify gaps/ improvement areas, and provide value-adding recommendations.
  

Identification of areas of cost control and cost effectiveness through

• Unfavourable variance compared to budget or prior period benchmarks.
• Unproductive expenses, improper methods used and consequent loss.
• To share the lessons learnt and best practices (including the DAX & Oasis related matters) to team members periodically to save time and cost.
  

Reporting and Communication

• Summarize and discuss key observations and audit issues with related personnel and report to the line Manager/HOD.
• Complete audit working papers and prepare audit files which will be used to support audit reports findings.
• To conduct the audit tests, validate the controls and perform all audit procedures in the Audit Portal.
• Ensure that the portal/share drive is updated with all adequate evidences to facilitate review of the work and also address the review comments, if any.
  

Audit Action Plan Tracker

• To update the Audit Action Plan Tracker with action plans from the audit reports which are issued.
• To maintain the entire Audit Action Plan Tracker and perform a periodical verification of the same
• To prepare the department-wise action plans that were pending/implemented/not due on a monthly basis.
• To prepare the pending high risk action items as and when required by the management.
  

Audit Committee Presentations

• To assist in preparation of audit committee presentations
• To prepare the speak-up cases summary reports.
• To assist the CAE and Managers in ad-hoc & random works assigned.

Desired candidate profile

A Senior Internal Auditor plays a critical role in evaluating and improving the effectiveness of risk management, control, and governance processes within an organization. Here are some essential skills and qualities for effective Senior Internal Auditors:

1. Audit Expertise: In-depth knowledge of auditing principles, standards, and practices, including risk assessment and control evaluation.

2. Analytical Skills: Strong ability to analyze complex data and financial statements to identify trends, discrepancies, and areas for improvement.

3. Attention to Detail: High level of accuracy in reviewing processes, documents, and financial records to ensure compliance and effectiveness.

4. Communication Skills: Excellent verbal and written communication abilities to present findings clearly to stakeholders and provide actionable recommendations.

5. Interpersonal Skills: Ability to build relationships with various departments, fostering collaboration and open communication during audits.

6. Problem-Solving Skills: Strong critical thinking skills to assess issues, identify root causes, and propose effective solutions.

7. Project Management: Proficiency in managing multiple audit projects simultaneously, ensuring they are completed on time and within scope.

8. Regulatory Knowledge: Familiarity with relevant laws, regulations, and compliance standards affecting the organization and its industry.

9. Ethical Judgement: Commitment to maintaining high ethical standards and integrity in all audit activities.

10. Continuous Improvement Mindset: A proactive approach to identifying opportunities for improving processes and controls to enhance organizational efficiency.