The candidate must be proficient in performing audit testing, identifying appropriate controls and key business risks, ensuring the compliance of applicable laws and policies of the Company in lien with the Public Sector Companies (Corporate Governance) Rules, 2013. Candidate must be well versed with:
Audit and Internal Control Processes
Knowledge of internal auditing standards and techniques,
Regulatory Compliance (audit, accounts, procurement and financial transactions relating to public sector companies)
Strong interpersonal and communications skills, both oral and written
CA, ACMA, CIMA, ACCA, CIA, MBA/Master in Finance from and HEC recognized University/ Institution with minimum CGPA 3.0 or 60% marks.
Minimum 10 to 15 years of relevant experience in internal audit department for pre-auditing, internal controls, risk management, system compliance, etc. and must have minimum 3 to 5 years experience as Head of Internal Audit department or as Chief Internal Audit. The candidate have experience in Public Sector Company and completed articleship with CA firm will be preferred.
To review the supporting documents, necessary approvals/authorization and control procedures before final payment is made.
Review the compliance with the applicable regulatory requirements of public sector relating to procurement, financial transactions etc.
To apply a risk-based approach to review of systems and controls of the PSPC through development of an annual program of audit review work.
To discuss the findings of the audit reviews with management on a constructive basis in order to develop the most appropriate, proportionate solution to issues arising.
To assist the Board of PSPC in preparation of internal control policies for pre-audit and post audit.
To prepare and submit periodical internal audit reports and summaries of audits to management team as well as to the Chairman to the Audit Committee.
Review adequacy and implementation of internal controls.
Ensure follow-up mechanisms to determine if audit recommendations (both internal and external) are implemented within appropriate and agreed timetable.