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Lead MAG - Projects (GHIAL)

Date:  04-Mar-2023
Location: 

Hyderabad, IN

Company:  GMR Hyderabad Intl Arprt

JOB PURPOSE

Provide assurance to the Management on the processes, compliances, governance, risks and systems so as to enhance the efficiency and effectiveness of the processes, thereby, adding value to all Airports Projects. 

ORGANISATION CHART

Accountabilities Key Performance Indicators
Audit Universe and Annual Audit Scope completeness for Projects Continuous monitoring of Audit Universe and Scope and their alignment to Business and MAG Strategy.
Pre-audit and Concurrent Audits at Delhi (as instructed from time to time) Timely completion of these audits of contracts, purchase orders and payments beyond specified value and validating compliance by management on auditor’s comments
Process Compliance P2P, H2R, O2C (Scrap, Assets disposal) R2R, A2D, Costing
Airports Development and Construction Continuous assessment and reporting on:
•    Stage Gate Audit 
•    Time to complete and assess likely time overrun
•    Cost to complete and assess likely cost overrun
•    claims for and against
•    Direct & Indirect taxation optimization
 
Return on Investments (Projects) •    Effective utilization of funds deployed and maximize return on investments
•    Continuous identification of areas for cost savings in projects and liaise with Management achieving them.  
•    Value savings reported by outsourced firms exceed costs incurred.
 
   

 

KEY ACCOUNTABILITIES

Accountabilities Key Performance Indicators
Compliances -  Commercial & Contracts, Regulatory Effectiveness of:
a.    Compliance to Concession Agreements & Reporting (e.g. OMDA, GGIAL, Shareholders’ agreements)
b.    Contract Compliances
c.    Policies, Procedures and Systems
d.    Legatrix Software -  Regulatory Reporting & Certification Process 
e.    IFC Implementation 
 
Audit Reports & Compliance Status Monitoring •    Issue audit reports as per timelines fixed and save them in a shared folder with appropriate access to MAG team members across Group. 
•    Define responsibilities and timelines to management personnel for CAPA.
•    Follow up on statutory auditors, cost auditors and secretarial auditors review reports to update audit universe, audit scope and/or closure of audit observations.  
 
Data Analytics & Reporting Use SAP R/3 and or other analytical tools for data mining on “AMPLE” basis and NOT on “SAMPLE” basis. 

Talent Retention, Career & Succession Planning

•    Mentorship-induction, training and progression of 1 MT.
•    Schedule knowledge sharing sessions with outsourced firms and MAG team members. Minimum 5 sessions.
•    Facilitate CPE Hours for all CAs working in MAG
 
MAG Efficiency and Effectiveness •    % of open ATR items in High and Medium Risks < 10%.
•    Schedule Quarterly MAG Sector Governance Council meetings (Minimum 2 meetings).
•    Rank best performing entity and/or process for internal competition, rewards & recognition.
•    Obtain Annual online Feedback on outsourced firms/MAG audit team
•    CAPA on Outsourced Audit Firms post assessment
•    Ensure compliance to MAG Operations Manual.
•    Aim for NIL OFIs during BE Assessment
 

 

EXTERNAL INTERACTIONS

•    Statutory Auditors 
•    Cost Auditors
•    Secretarial Auditors
•    Tax Auditors 
•    Outsourced audit partners 
•    External/Internal BE Assessors
 

INTERNAL INTERACTIONS

•    Participate in Steering Committee Meetings so as to understand the business developments and align audit strategy accordingly.
•    Participate in Town hall meetings and assess areas for actions
•    Participate in E&I Governance Council Meetings for Airports Projects.
(1) Submit Monthly MIS to BCM (A) and ED- GCD on: 
•    MTD & YTD audit plans vs actuals 
•    Key audit observations for the month and YTD Open ATR items 
•    Process improvements MTD and YTD 
•    Value realization MTD and YTD and 
•    MAG costs – AOP vs Actuals (MTD and YTD).
(2) Submit Audit Presentations in quarterly AC and/or Board Meetings of DIAL (Projects).
 

FINANCIAL DIMENSIONS

    Annual Budget excluding employee cost: Rs.10000 crores

OTHER DIMENSIONS

  • Direct reports (MAG):  1 No.
  • Outsourced Audit Firms Resources

EDUCATION QUALIFICATIONS

  • CA/ICWA/CIA/CISA/CFE

RELEVANT EXPERIENCE

  • 7-13 years’ experience in Audit, Assurance and Risk Management

COMPETENCIES

  • Accountability
  • Technical Services Audits - Efficiency & Effectiveness of Spends (Projects & Operations) including Cost Accounting
  • Audit, Assurance & Anticipate
  • Enterprise Risk Management
  • Planning And Performance Monitoring
  • IT - Information Technology -Digitization, Automation & Security
  • Business Process Reengineering/Redesign and Budgetary Controls /SSC Processes