About this role
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
KEY ACCOUNTABILITIES
Accountabilities
Key Performance Indicators
Undertake Audit Assignments
- Submit draft reports
- Discuss with HODs for responses
Pre-audit and Concurrent Audits at Delhi (as instructed from time to time)
Timely completion of audits of contracts, purchase orders and payments beyond specified value (as assigned from time to time) and validating compliance by management on auditor’s comments
Frugality and Revenue contribution
Continuous identification of areas for cost savings and/or increasing revenue potential
Audit Reports & Compliance Status Monitoring
Ensure that audit observations assign risk category, responsibilities and timelines to management personnel for CAPA.
Data Analytics & Reporting
Use SAP R/3 and or other analytical tools for data mining on “AMPLE” basis and NOT on “SAMPLE” basis.
MAG Efficiency and Effectiveness
- Ensure compliance to MAG Operations Manual.
- Continuous Learning through knowledge sharing sessions
KEY ACCOUNTABILITIES - Additional Details
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
EXTERNAL INTERACTIONS
External - Roles you need to interact with outside the organization to enable success in your day to day work
- External/Internal BE Assessors
INTERNAL INTERACTIONS
Internal - Roles you need to interact with inside the organization to enable success in your day to day work
- Participate in E&I Governance Council Meetings for Airports Projects.
Submit Monthly MIS to Lead MAG (Operations) on:
- MTD & YTD audit plans vs actuals
- Key audit observations for the month and YTD Open ATR items
- Process improvements MTD and YTD
- Value realization MTD and YTD and
- MAG costs – AOP vs Actuals (MTD and YTD).
FINANCIAL DIMENSIONS
- Annual Budget excluding employee cost: Rs.10000 crores
OTHER DIMENSIONS
- Direct reports (MAG): NIL
EDUCATION QUALIFICATIONS
- CA
RELEVANT EXPERIENCE
- Minimum 4-6 yearsâ 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 â Power BI & AI tools like Copilot, Chatgpt.
COMPETENCIES
- Entrepreneurship
- Risk Management (Practitioner)
- Audit Planning (Practitioner)
- Audit Outcomes and Assurance Coordination (Practitioner)
- Organizational Governance and Regulatory Compliance (Practitioner)
- Capability Building
- Social Awareness
- Planning & Decision Making
- Execution & Results
- Strategic Orientation
- Problem Solving & Analytical Thinking
- Networking
- Personal Effectiveness
- Teamwork & Interpersonal influence
- Stakeholder Focus