Talent.com
Associate Manager Internal Audit
Associate Manager Internal AuditTata Consumer Products • Visakhapatnam, IN
Associate Manager Internal Audit

Associate Manager Internal Audit

Tata Consumer Products • Visakhapatnam, IN
4 hours ago
Job description

Role : Associate Manager Internal Audit

Location : Bangalore

Key Responsibilities

Financial Outcomes :

  • Responsible for execution and driving internal audits in commodity sourcing and contribute in elevating process maturity around the areas of audit coverage in line with organizational goals.
  • Support the Lead by executing and timely completing the Internal audits across various domestic and international operations and business segments.
  • Identify cost saving opportunities by streamlining the process and benchmarking against industry leading practices
  • Identifying areas for regular sensitization to promote and maintain a healthy control environment.
  • During the audit execution, assess the process design and control effectiveness in achieving business objectives. Identify, document weaknesses, and findings with evidence.
  • Take lead in developing risk analytics and dashboards for sustainable improvement and business partnering.
  • Support in executing special assignments based on outcomes of the audit, business need / request to help organization in strengthening controls, improve processes.

Customer Service :

  • Proactively identify and highlight challenges and conflicts during audits execution.
  • Suggest process improvements focusing on automation and digitization opportunities.
  • Undertake vendor site visits / market visits to gain insights on vendor practices.
  • Monitoring of various regulations impacting sourcing including sustainability requirements
  • Work with audit lead and business on pending audit actions to ensure timely implementation of audit recommendation and agreed action plans.
  • Engage with low to middle management for business in aligning the audit observations, taking their inputs to enhance correctness and quality of observation.
  • Provide industry-based insights to the stakeholders, during the discussion for better clarity on process gaps, observations, issues etc.

    • Internal Process :

  • Draft quality reports with clear recommendations, specific action plans, and concise reporting.
  • Work alongside with co-sourcing and in-house teams to deliver the engagement.
  • Embed audit inputs from CIA and audit lead, ensure comprehensive audit coverage, robust test procedures, and quality observations.
  • Ensure audit progress in line with agreed scope document to execution and provide regular updates.
  • Proactively highlight challenges for timely audit completion in line with agreed timelines.
  • Propose practical and value-added recommendations to address control weaknesses and / or process inefficiencies.
  • Ensure factual accuracy of observations and alignments with business.
  • Plan and conduct meetings with auditee at the end of fieldwork, providing clear explanations.
  • Assist in benchmarking processes with peer FMCG companies to identify improvement areas and best practices.

    • Innovation and Learning :

  • Support and develop need-based analytics on TGO platform for Internal audit as well as for business on control related aspects.
  • Attend the trainings suggested by the audit leads and focus on professional development agenda.
  • Collaborate with other audit leads to share best practices and improve audit quality.
  • Foster a culture of training to enhance knowledge on covered domains and risk factors.

    • Critical Success Factors

  • At least2-3 years of work experience, preferably in the FMCG industry or Big 4 / global consulting firms
  • Possession of a reputable accounting or business degree, such as Chartered Accountant (CA) or ACCA (Association of Chartered Certified Accountants)
  • Proficient in carrying out process audits around Agri commodity sourcing
  • Working knowledge of SAP, procurement tools and Power BI / other data analytics tools
  • Excellent communication skills for articulating complex concepts.
  • Commitment to professional development and staying abreast with changes in the market.
    • Create a job alert for this search

    Manager Internal Audit • Visakhapatnam, IN