TERMS OF REFERENCE
Manager, Internal Audit
This is a senior management position based at the Factory Office at Sarulia, Demra, Dhaka, and will involve taking significant responsibility of the Internal Audit function, reporting directly to the Managing Director/Chief Executive Officer.
Summary:
This position has significant responsibility for planning and performing financial and operational audits of the company’s business by developing an audit methodology, guidelines, policies and procedures including preparation and presentation of reports in connection with Internal Audit to the CEO and other regulatory authorities. This position also has the responsibility for proper management of factory accounts and inventory system, making recommendations to improve business controls, efficacy and compliance to ensure proper and efficient management of Internal Audit.
Key Responsibilities:
Internal Audit:
- Development and implementation of comprehensive audit plan covering all areas of the company's operations, including financial, to assess operational compliance and risks.
- Assessment and reporting on the adequacy and effectiveness of the company's policies, procedures and internal control system.
- Evaluating and reviewing existing policies and procedures to achieve the standards, regulatory guidelines, and organizational goals of the company.
- Identification of opportunities for improvement in the company's internal controls, processes, and procedures to gain efficiency and productivity and work with senior management to implement changes.
- Checking of books of accounts, sales registers, purchase register and relevant books maintained at factory complying VAT Act and Rules.
- Monitoring all the Inventory related activities at factory level and ensuring all the policies and procedures are strictly adhered.
- Monitoring and reporting on the status of Management/CEO’s recommendations are implemented properly, timely and effective manner.
- Conducting routine check on regular basis on various functional areas and report discrepancy, if any, directly to CEO.
- Preparation of comprehensive audit reports, including findings, recommendations, and action plans for submission of the same to management and stakeholders and providing ongoing support in resolving identified issues.
- Providing regular updates to the Management/CEO on the status of audit activities and significant findings.
Other:
- Verification of all bills, vouchers, payment instructions and attendance data before making payments or making submission to Head Office for making payments.
- Ensuring proper fund management at Factory Office and supervision and coordination of the duties and responsibilities of the subordinates.
- Establishing and maintaining strong working relationships with key stakeholders across the company, including senior management and officers.
- Working closely with cross-functional teams, including Production, Finance, Sales, Supply chain, and Administration to gather information and implement best practices.
- Any other responsibilities as may be assigned by the company from time to time.
- Making various types of official correspondences.
Qualifications:
- Must be an M. Com. with honors in graduation.
- CA course completed with part qualification will be treated as additional qualification.
- Minimum 10 years of experience directly relating to Audit, Accounts and Finance in a reputable manufacturing Company.
- Experience with ERP system.
- Excellent analytical, problem solving skills and communication, presentation, and organizational skills.
Benefits:
Salary is negotiable. All prevailing benefits of the company will be permissible from date of confirmation of service of the company. |
