Head Internal Audit

Archean Chemical Industries; Chennai; On-site; INR 4,500,000 - 6,500,000; Full time

Job summary

Archean Chemical Industries Limited is seeking a Head Internal Audit at its Corporate Office, Chennai. The role leads the internal audit and risk management function across the company and subsidiaries, ensuring robust controls, governance and regulatory compliance.

You will manage co-sourced partners and the internal audit team, report to the CFO, and drive an enhanced enterprise risk framework and automated controls. Prior CA with certifications and extensive ERP/SAP exposure is preferred.

Qualifications

• CA qualification preferred.
• CIA, CISA, CMA or risk management certification an advantage.

Responsibilities

• Develop and execute the annual risk-based internal audit plan aligned with business priorities and Audit Committee requirements.
• Conduct financial, operational, process and compliance audits across plants, offices, subsidiaries and major projects.
• Review the effectiveness of Internal Financial Controls and support compliance with the Companies Act, SEBI LODR and other applicable regulations.
• Strengthen the Enterprise Risk Management framework and monitor key business, financial, operational and compliance risks.
• Present significant audit findings, risk observations and corrective-action status to the CFO, senior management and Audit Committee.
• Monitor the timely closure of audit observations and ensure corrective actions are implemented effectively.
• Coordinate with statutory, cost and secretarial auditors and other external assurance partners.
• Use SAP-based analytics, audit tools and dashboards to improve audit coverage and continuous monitoring.
• Drive design and implementation of automated controls across the enterprise and horizontal implementation of controls across ACIL and its subsidiaries.
• The incumbent will support investigations into fraud, financial irregularities, control failures and whistleblower complaints as advised by management.

Skills

Internal Audit

Risk Management

IFC/ERM

Regulatory Compliance

Education

Chartered Accountant (CA)

CIA

CISA

CMA

Tools

SAP

Job description

Job Description: Head Internal Audit

Location: Corporate Office, Chennai

Department: Internal Audit & Risk Management

Reporting To: CFO

Purpose

The role is focused on managing Archeans internal audit and internal controls function to ensure the appropriate deployment of the enterprise risk and financial control framework. The role will enable independent assurance on governance, risk, compliance and operational controls across the Company, its subsidiaries, manufacturing facilities and corporate functions. The incumbent will lead, develop and manage co-sourced audit partners and the internal audit team.

Key Responsibilities

• Develop and execute the annual risk-based internal audit plan aligned with business priorities and Audit Committee requirements.
• Conduct financial, operational, process and compliance audits across plants, offices, subsidiaries and major projects.
• Review the effectiveness of Internal Financial Controls and support compliance with the Companies Act, SEBI LODR and other applicable regulations.
• Strengthen the Enterprise Risk Management framework and monitor key business, financial, operational and compliance risks.
• Present significant audit findings, risk observations and corrective-action status to the CFO, senior management and Audit Committee.
• Monitor the timely closure of audit observations and ensure corrective actions are implemented effectively.
• Coordinate with statutory, cost and secretarial auditors and other external assurance partners.
• Use SAP-based analytics, audit tools and dashboards to improve audit coverage and continuous monitoring.
• Drive design and implementation of automated controls across the enterprise and horizontal implementation of controls across ACIL and its subsidiaries.
• The incumbent will support investigations into0 fraud, financial irregularities, control failures and whistleblower complaints as advised by management.

Key Performance Indicators

• Completion of the annual audit plan within agreed timelines.
• Timely closure of audit observations.
• Improvement in the effectiveness of internal controls.
• Reduction in repeat audit findings and control failures.
• Quality and timeliness of Audit Committee reporting.
• Effective identification and mitigation of significant risks.

Qualification

• Chartered Accountant (CA) is preferred.
• Additional qualifications such as CIA, CISA, CMA or certification in risk management will be an advantage.

Experience

• CA qualified experience around 5-6yrs
• Around 1520 years of relevant experience in internal audit, risk management, internal controls or assurance.
• Experience in a listed manufacturing, chemicals, process industry or similar organisation is preferred.
• Strong exposure to plant audits, financial controls, CapEx audits, ERP/SAP systems and regulatory compliance.
• Experience in interacting with senior management, external auditors and the Audit Committee.

Key Competencies

• Strong knowledge of internal audit standards, IFC, ERM and corporate governance.
• Sound understanding of manufacturing and plant operations.
• Analytical thinking and attention to detail.
• Independence, integrity and professional judgement.
• Strong investigation and problem-solving capabilities.
• Effective communication and stakeholder-management skills.
• Ability to lead teams and influence corrective action.