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:

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

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

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

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

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

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

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

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

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

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