JOB PURPOSE
Provide assurance to the Management on the processes, compliances, governance, risks and systems in order to enhance efficiency and effectiveness of the processes, thereby, adding value to the Airports
ORGANISATION CHART
Lead- MAG (Nagpur) --> Head- MAG (Airports) --> Group Head- MAG
KEY ACCOUNTABILITIES
Accountabilities
Key Performance Indicators
Audit Universe and Annual Audit
Scope completeness for Projects
Continuous monitoring of Audit Universe and Scope and their alignment to Business and MAG Strategy.
Pre-audit (As instructed from time to time)
Timely completion of pre-audits of contracts and purchase orders.
Process Compliance
P2P, H2R, O2C (Scrap, Asset disposal) R2R, Cost estimates
Airports Development and Construction
Continuous assessment and reporting on:
•Stage Gate Audit
•Time to complete and assess likely time overruns.
•Cost to complete and assess likely cost overruns.
•Claims for and against
•Construction manual compliance
Return on Investments (Projects)
•Effective utilization of funds deployed and maximize return on investments
•Continuous identification of areas for cost savings in projects and liaise with Management for achieving them.
•Value savings and process improvements through audits
Compliances -
Commercial & Contracts,
Regulatory
Effectiveness of:
•Compliance to Concession Agreements & Reporting
•Contract Compliances
•Policies, Procedures and Systems
•Compliance Software - Regulatory Reporting & Certification Process
•IFC Implementation and test of operating effectiveness
KEY ACCOUNTABILITIES - Additional Details
Audit Reports &
Compliance Status
Monitoring
•Issue audit reports as per timelines.
•Audit Committee and management presentations.
•Define responsibilities and timelines to management personnel for CAPA.
•Follow up on statutory auditors, cost auditors and secretarial auditors review reports to update audit universe, audit scope and/or closure of audit observations.
Data Analytics & Reporting
Use SAP R/3 and analytical tools
Talent Retention, Career & Succession Planning
•Mentorship-induction, training and Progression of MT /JM.
•Schedule knowledge sharing sessions with outsourced firms and MAG team members.
MAG Efficiency and Effectiveness
•% of open ATR items in High and Medium Risks < 10%.
•Schedule monthly MAG meeting with entity management
•Obtain Annual Online Feedback on outsourced firms.
•CAPA on Outsourced Audit Firms post assessment
•Ensure compliance to MAG Operations Manual
EXTERNAL INTERACTIONS
•Statutory Auditors
•Cost Auditors
•Secretarial Auditors
•Tax Auditors
•Outsourced audit partners
•External/Internal BE Assessors
INTERNAL INTERACTIONS
•Participate in Steering Committee Meetings to understand the business developments/initiatives and align audit strategy accordingly
•Participate in Town hall meetings and assess areas for actions
•Participate in E&I Governance Council Meetings for Airports
•Submit Monthly MIS to CEO / BCM (A) 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
OTHER DIMENSIONS
EDUCATION QUALIFICATIONS
CA with additional qualification MBA / CISA/DISA/CFE/CIA
RELEVANT EXPERIENCE
10-13 years’ experience in Audit, Assurance and Risk Management
COMPETENCIES
•Risk Management (Proficient)
•Audit Quality Assurance (Proficient)
•Accounting and Finance (Proficient)
•Organizational Governance and Regulatory Compliance (Proficient)
•Common Business Processes (Proficient)
•Fraud Management (Proficient)
•Audit Outcomes and Assurance Coordination (Proficient)
•Audit Planning (Proficient)
•Networking
•Personal Effectiveness
•Teamwork & Interpersonal influence
•Stakeholder Focus
•Entrepreneurship
•Capability Building
•Social Awareness
•Planning & Decision Making
•Execution & Results
•Strategic Orientation
•Problem Solving & Analytical Thinking
