Internal Audit Analyst

Job description

Actylis is a global solutions provider with over 75 years of experience, specializing in streamlining the management of critical ingredients and raw materials for our business partners. We offer both sourcing and manufacturing solutions tailored to meet diverse and evolving needs, ensuring a reliable, agile, and secure supply network. Our commitment to customization allows us to create flexible solutions, whether it’s a unique specification, custom packaging, or tailored logistics strategies. With deep expertise in quality and regulatory compliance, sourcing and logistics management, analytical services, and R&D support, we reduce complexities and mitigate risks, empowering our partners to focus on growing their business. In furtherance of that goal, Actylis is seeking new members of the team. This expansion, coupled with a comprehensive benefits package, and opportunities for challenge and growth, make Actylis the ideal place to work and thrive. We hope you’ll consider joining us! Position Summary Drive internal audit function in the company by analyzing & deciding risk-based audit plans, guiding the teams on preparation & finalization of Internal Audit Execution process, monitor & review the audits, have robust follow up process, and work on simplification of the sustainable solutions. Key Duties & Responsibilities Design an annual audit plan and lead process & functional audits on areas such as Plant Operations Study, Audit of Procurement to Pay Cycle, Review of Accounts Operations, Treasury & Fund Management Study, Fixed Assets Management, Insurance Audit, IT & System Audit, CAPEX Audit, Sales Forecasting & Planning Process, Bill Passing, Product Costing & Analysis, Receivable & Payables Management, Expenses Scrutiny, HR, Payroll & Admin Audit, Statutory and operational Compliances etc. Develop SOPs and establish a RACI responsibility assignment matrix to define task ownership, accountability, and workflow across all functional areas. Identify and highlight risks & controls in areas like Finance, Operations, Inventories, Vendor Management, Marketing, HR etc. Conduct internal controls testing and identifying issues/gaps with respect to control design or operations. Develop control gap matrix and a risk mitigation plan post testing. Test & report on the internal controls over financial reporting (ICoFR) in compliance with the GAAP as required. Maintain robust documentation and comprehensive working papers. Perform walkthroughs, testing & reporting of internal controls that are in scope for India Financial Compliance (IFC). Identify opportunities for use of data analytics & automation to enhance Internal Audits ability to perform efficient testing/audit. Develop risk based Annual Audit Plan: To prepare for a Risk Based Annual Audit Plan, considering following factors: Previous audit results in the audit area Fraud risk and proactive reviews for fraud detection Assist in deciding coverage through process reviews, continuous monitoring and anti-fraud control reviews and prioritization based on risk assessment and other relevant factors to arrive at an Audit Plan which has a comprehensive coverage and is dynamic to emerging risk. Develop and implement delivery & completion of audits as per Annual Audit Plan: Ensure completion of audits as per the approved audit plan and provide guidance & supervision to the team during execution. Monitor the engagement progress (including outsourced), ensuring quality and timeliness in execution, appropriate management action plans based on the root cause analysis and severity of the issues and discussing & communicating the results to senior levels of management to improve the efficiency and effectiveness of the processes and achievement of the business objectives. Lead post audit follow-up: Monitor the implementation of the audit recommendations and agreed action plans as per their due dates through periodic reviews with the team, ensuring proper documentation of the action taken before closure of the open items and escalation of deviations / delays through periodic reporting to CFO and Board of Directors. Special Audits / Projects / Antifraud Reviews: Monitor continuously the high level procurements, high value transactions, marketing spends, payroll costs, identify the high volume and high impact areas, identify ways of making the process faster, understand the current trends of Audit process, maturity of the process in the organization, benchmark the vulnerable areas or weaker internal audit processes with the best practices (Industry, other companies), identify the gaps for processes and make a plan of fill up the gaps in order to add value to internal audit process and make robust the high impact processes of the business functions Conduct session/presentation on relevant topics to enhance employee awareness of internal controls by conducting internal control awareness session with audited and key stakeholders. Represent Audit function within Actylis globally to provide required management updates and information systems. Manage relationships with key internal & external stakeholders and ensure adherence to project timelines & deliverables. Education & Experience CA with 6-8 years of post-qualification experience in manufacturing industry with ERP environment. CISA certification will be an added advantage. ERP implementation exposure in a manufacturing set up is desirable. Basic understanding of Sarbnes Oxley and IFC compliance requirement. Experience in mid-size business / corporate with diverse business units and regulated business environment Experience in Pharma and/or Specialty Chemicals, intermediates or API industry and products supply chain experience would added advantage but not mandatory. Competencies & Skillsets Understanding of business cycle and commercial / financial / operational business transactions. Demonstrate good understanding of Indian Accounting Standards, Other laws & Companies Act requirements. Able to operate in a culture that is lean, self-directed, and highly agile. Understand the imperatives and demands of a private equity driven company. Speed of execution combined with strategic thinking. Collaborate with global stakeholders with high level of effective communication. Inquisitive with high learning ability. Excellent IT skills - Microsoft office. Knowledge of SAP ERP Actylis is an Equal Opportunity Employer. Actylis US does not discriminate on the basis of race, religion, color, sex, gender identity or expression, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided based on qualifications, merit, and business need..