Associate Manager - MAG - 13838

Job Purpose

The role is responsible for auditing the operations and financial areas within the organization to ensure accuracy and compliance with policies, procedures, laws & statues and applicable local laws and regulation, good business practices, government guidelines and laws. The role will identify and report on findings, as well as make recommendations to improve policies or procedures accordingly including governance, risk management processes and smooth execution of Monthly / Quarterly/ yearly audit plan.

ORGANISATION CHART

This position will report to Head - MAG (GHIAL)

Accountabilities

KEY ACCOUNTABILITIES

Key Performance Indicators

Preparation of Audit Universe & annual audit plan

• Draft Audit universe & annual audit plan submission
  
  
  

Undertake Audits, Special assignments

• Submit draft reports
  
  
  

Review Pre-audits

• Review pre-audits and tracker maintained for pre-audit to ensure adherence to turn-around time.
  
  
  

Internal financial controls

• Co-ordinate & Provide support to outsourced auditors in performance of control checks
  
  
  

Data Analytics & Reporting

• Use SAP and Idea tool for analyzing voluminous data to provide audit assurance
  
  
  

Co-sourced auditors work certification and performance evaluation

• Timely invoice processing and service entry in SAP.
• Performance evaluation of auditors on quarterly basis.
  
  
  

Use of AI tool

• Uses technology in audits viz. Copilot, Power BI etc.
  
  
  

Audit Reports & Compliance Status Monitoring

• Timely updation of LARS
• Closure of open audit observations
  
  
  

Represent MAG in Scrap committee meetings & Business excellence meetings

• Provide objective process related inputs in the meetings
  
  
  

MAG Efficiency and Effectiveness

• Ensure compliance to MAG Operations Manual.
• Continuous Learning through knowledge sharing sessions
  
  
  

KEY ACCOUNTABILITIES - Additional Details

EXTERNAL INTERACTIONS

Statutory Auditors: for quarterly audit & Yearly audit providing the relevant IFCs through Finance and Accounts team.

Consultants: To take the stock of audit progress on daily /weekly basis for conclusion and materialization into audit report.

Various external parties: for reconciliation of bills processing and knowledge additions.

INTERNAL INTERACTIONS

Various audit teams for audits/ special assignments /documents verification, follow-ups and report discussion.

MAG team members of other Group Companies for obtaining MIS, Audit reports, knowledge sharing sessions, changes in audit processes ensuring uniformity in audit practice.

FINANCIAL DIMENSIONS

• Annual Budget excluding employee cost: Rs.12,000 crores
• Execution of audits / special assignments as per annual audit plan
  
  
  

Other Dimensions

Co-ordinate with Outsourced team members – 10-12 team members

Education Qualifications

CA

Relevant Experience

• Minimum 4-6 years’ experience in Audit, Assurance and Risk Management.
• Audit planning & execution
• Working Knowledge of SAP
• Hands-on experience in data analytics
• Inter-personal skills for handling Auditees
• Familiar with usage of technology in audits – Power BI & AI tools like Copilot, Chatgpt.
  
  
  

COMPETENCIES

• Personal Effectiveness
• Social Awareness
• Entrepreneurship
• Problem Solving & Analytical Thinking
• Planning & Decision Making
• Capability Building
• Strategic Orientation
• Stakeholder Focus
• Networking
• Execution & Results
• Teamwork & Interpersonal influence