Job Title

What are the Key Deliverables in this role? Overview: The Associate Manager of Internal Audit in commodity sourcing is responsible for conducting internal audits, identifying risks, and ensuring effective controls across procurement domain, especially the commodity sourcing. This role supports the lead in executing internal audits related to sourcing of various Agri commodities (Tea, Coffee, Pulses, Spices, various other commodities, Raw Material, packing material) focusing on sourcing decisions, price determination, hedging strategies, site audits and maintaining a healthy control environment. This is a high impact role involving review of significant commodity sourcing spending of TCPL. The role also involves developing risk analytics and executing special assignments. Key Responsibilities: Financial Outcomes: -Responsible for execution and driving internal audits in commodity sourcing and contribute in elevating process maturity around the areas of audit coverage in line with organizational goals. -Support the Lead by executing and timely completing the Internal audits across various domestic and international operations and business segments. -Identify cost saving opportunities by streamlining the process and benchmarking against industry leading practices -Identifying areas for regular sensitization to promote and maintain a healthy control environment. -During the audit execution, assess the process design and control effectiveness in achieving business objectives. Identify, document weaknesses, and findings with evidence. -Take lead in developing risk analytics and dashboards for sustainable improvement and business partnering. -Support in executing special assignments based on outcomes of the audit, business need/request to help organization in strengthening controls, improve processes. Customer Service: -Proactively identify and highlight challenges and conflicts during audits execution. -Suggest process improvements focusing on automation and digitization opportunities. -Undertake vendor site visits / market visits to gain insights on vendor practices. -Monitoring of various regulations impacting sourcing including sustainability requirements -Work with audit lead and business on pending audit actions to ensure timely implementation of audit recommendation and agreed action plans. -Engage with low to middle management for business in aligning the audit observations, taking their inputs to enhance correctness and quality of observation. -Provide industry-based insights to the stakeholders, during the discussion for better clarity on process gaps, observations, issues etc. Internal Process: -Draft quality reports with clear recommendations, specific action plans, and concise reporting. -Work alongside with co-sourcing and in-house teams to deliver the engagement. -Embed audit inputs from CIA and audit lead, ensure comprehensive audit coverage, robust test procedures, and quality observations. -Ensure audit progress in line with agreed scope document to execution and provide regular updates. -Proactively highlight challenges for timely audit completion in line with agreed timelines. -Propose practical and value-added recommendations to address control weaknesses and/or process in efficiencies. Ensure factual accuracy of observations and alignments with business. -Plan and conduct meetings with auditee at the end of fieldwork, providing clear explanations. -Assist in benchmarking processes with peer FMCG companies to identify improvement areas and best practices. Innovation and Learning: -Support and develop need-based analytics on TGO platform for Internal audit as well as for business on control related aspects. -Attend the trainings suggested by the audit lead sand focus on professional development agenda. -Collaborate with other audit leads to share best practices and improve audit quality. -Foster a culture of training to enhance knowledge on covered domains and risk factors. What are the Critical success factors for the Role? At least2-3 years of work experience, preferably in the FMCG industry or Big 4 / global consulting firms Possession of a reputable accounting or business degree, such as Chartered Accountant (CA) or ACCA (Association of Chartered Certified Accountants) Proficient in carrying out process audits around agri commodity sourcing Working knowledge of SAP, procurement tools and Power BI / other data analytics tools Excellent communication skills for articulating complex concepts. Commitment to professional development and staying abreast with changes in the market. What are the Desirable success factors for the Role? Awareness and knowledge about FMCG industry best practices across business process areas.