Audit & Accounts Head (Finance)

☞ ACG

Aussicht: 106

Update Tag: 30-05-2024

Ort: Mumbai Maharashtra

Kategorie: Elektrik / Elektronik

Industrie: Construction Repair Facilities Services

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Jobinhalt

Job Objective
  • Provide an independent evaluation of ACG’s financial and other activities. Centrally coordinate all audit and compliance activities and ensuring strict adherence to ACG’s internal policies and procedures as well as regulatory and statutory requirements in order to promote transparency and accountability, add significant value, enhance risk management, governance and compliance, improve operational efficiency, and strengthen the internal control systems within the operations
Primary Responsibilities
Strategic
  • Assist in the development, maintenance, implementation and review of the internal audit work programmes, audit plan and risk register
  • Drive the development, deployment and update/review of the charter, manual, relevant policies and other frameworks for the Internal Audit Function
Core Functional
Internal Audit
  • Direct internal audits and evaluate the level of compliance with established business control policies, processes, procedures, standards, laws and regulations in assigned functional areas/business units
  • Work with external consultants to ensure timely completion of Internal Audit work across the world at all ACG locations
  • Assist in development and testing of necessary controls in order to assess compliance levels and identify risks in time
  • Coordinate with auditors to assess the quality and adequacy of financial, operational, maintenance and quality controls and procedures, compliance with policies and recommend corrective action for the same
  • Ensure efficient due diligence and give recommendations for any risk or non-compliance identified
  • Study audit reports and present recommendations and insights to audit committee and top management
  • Identify areas of inefficiencies in business operations and control. Identify control weaknesses or process improvement opportunities and initiate workable solutions
  • Identify cost reduction potential and opportunities
  • Document and file work papers and audit procedures performed. Maintain back up (physical and electronic) of all internal audit materials for easy retrieval and reference and monitor the document management process across ACG
  • Support the Business / Corporate Functions to develop action plans based on Internal Audit reports. Track timely and effective corrective actions taken following audit recommendations
  • Follow up with Business Heads and relevant functional heads to take action on Audit findings and escalate as required to the CFO / MD
Risk
  • Conduct monthly review of bank reconciliation statements for all existing bank accounts and monthly call over/review of transactions focusing on appropriate posting of transactions and ensuring compliance with statutory deductions
  • Investigate and report all alleged cases of fraud, waste, abuse and inefficiencies and make recommendations on appropriate preventive or remedial actions
  • Conduct tracking of operational, financial and market risks across the ACG group
  • Report to the Board around critical risks which need immediate attention
  • Ensure follow up around action taken for critical risk items
  • Participate in stock counts and follow through to ensure that store balances are reconciled to the general ledger

Key Result Areas
  • Timely completion of Internal Audits
  • Process adherence for timely action on audit findings
  • Compliance as required by Company Law / Ministry of Corporate Affairs / Registrar of Companies (Deviations observed )

Key Interfaces
Internal Interfaces
External Interfaces

  • Business Finance Heads

  • CFO

  • Head Legal

  • Practicing Company Secretary of the respective operating company

  • Registrar of Companies & other relevant statutory bodies & their representatives

  • Consultants / Auditors on need basis


    • Educational and Experience Requirements
    Minimum Requirement
    Desired

    Level of Education
  • Past Graduate/ MBA – Finance/ Charted Accountant/ Company Secretary
  • Company Secretary

    • Experience
  • 10 years’ experience as a Company Secretary in Pharma or Pharma Ancillary company or a large business group

  • At least 6 years in a position of similar responsibility

  • 10+ years as a Company Secretary At least 5 years prior experience

  • in the Lifesciences / Pharma Ancillary company

  • More than 6 years in a position of similar responsibility

  • Familiarity with the functioning of the Registrar of Companies


    • Technical Competencies & Personas
    Listening
    Team and People Development
    Customer Focus
    Cross Cultural Skills
    Strategic Thinking
    Delivering Consistent Results
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    Frist: 14-07-2024

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