Senior Executive - Retail Audit Landmark Group

The job holder will be responsible for executing review of Store audits (BOE – Barometer of operational excellence) for Hospitality and Retail outlets, Revenue Leakage and Shrinkage areas across Group entities as per the Internal Audit Plan under the supervision of Head-Internal Audit / DGM -Internal Audit

1. Audit Planning:

• Discuss and review the audit plan and schedule on a regular basis with reporting manager

• Assist the DGM - Internal Audit in audit planning at the Group and entity level (Corporate, Concepts and Territories) in order to establish and review:-

o Compliance with policies, plans, SOPs, standards, laws, and regulations that could have significant impact upon operations.

o Measures taken to safeguard assets.

o Economy and efficiency in the use of resources.

o Risk associated with the Group businesses.

o Adequacy and effectiveness of the Groups systems of internal control.

o Assist in developing and implementing tailor-made Audit programs and audit tools and methodology for the Group and its entities that test key business processes and controls

1. Audit Execution & Reporting

• In consultation with Senior Manager-Internal Audit/ Team Lead, manage / conduct audit assignments in line with the Internal Audit plan and within the budgeted time in a professional manner, adopting the best audit practices and appropriate audit techniques.

• Perform all field work in a competent and professional manner.

• Ensure quality standards in internal audit review and reports.

• Ensure completion of store audits / audit assignments within the allotted timelines.

• Update and inform the senior management about the status, key concern areas observed during audit execution periodically.

• Review the BOE audit reports.

• Compile & review draft Internal Audit Report according to the required standards.

• Compile and draft summary of BOE Reports on quarterly basis

• Prepare preliminary flash reports.

• Assist in preparing draft reports for presentation to Business Entity Managers and preliminary agenda of recommendations and comments for closing meetings.

• Conduct Ad-hoc projects reviews as required by the Head Internal Audit/ DGM-Internal Audit.

• Prepare monthly progress reports on planned audits and implementation of corrective actions.

• Maintain audit workpapers and sufficient evidence for the reported observations.

• Conduct closing meetings with the store management for outlet audits

• Conduct closing meetings with Business Heads for annual reports

3 Audit Integrity & Standards: -

• Exercise discretion in the review of records to ensure confidentiality.

• Ensure adherence to the internal audit departments SoPs and Policies for self.

• Ensure appropriate Audit technology tools are used to provide the highest level of assurance in an efficient manner.

• Advise in decision making, framing of policies, cost rationalization by providing an independent analysis.