Junior Manager - MAG -

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
This position will report to Sector Head - MAG
Key Accountabilities
Accountabilities Key Performance Indicators
Preparation of Audit Universe & annual audit plan
Draft Audit universe & annual audit plan submission
Undertake Audits, Special assignments
Submit draft reports
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
Statutory Auditors: for quarterly audit & Yearly audit providing the relevant IFCs through Finance and Accounts team.
Consultants: To take the stock of audit progress on daily /weekly basis for conclusion and materialization into audit report.
Various external parties: for reconciliation of bills processing and knowledge additions.
INTERNAL INTERACTIONS
Various audit teams for audits/ special assignments /documents verification, follow-ups and report discussion.
MAG team members of other Group Companies for obtaining MIS, Audit reports, knowledge sharing sessions, changes in audit processes ensuring uniformity in audit practice.
FINANCIAL DIMENSIONS
Annual Budget excluding employee cost: Rs.12,000 crores
Execution of audits / special assignments as per annual audit plan
Other Dimensions
Co-ordinate with Outsourced team members and other relevant stake holders
Education Qualifications
CA
Relevant Experience
Minimum 1-2 years’ 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
COMPETENCIES
Entrepreneurship
Capability Building
Social Awareness
Planning & Decision Making
Execution & Results
Strategic Orientation
Problem Solving & Analytical Thinking
Networking
Personal Effectiveness
Teamwork & Interpersonal influence
Stakeholder Focus

Work arrangement
No