Head of Internal Audit

Objective:

The Head of Internal Audit is responsible for leading and managing the internal audit function of Fatima Fertilizer. The role focuses on developing and executing an internal audit plan to assess the adequacy and effectiveness of internal controls, financial integrity, and operational efficiency across the organization.

Key Responsibilities

1. Audit Planning & Development

• Develop and implement the annual internal audit plan aligned with organizational objectives.
• Design audit programs that define scope, methodology, resources, and timelines for execution.
• Present the audit plan to the Director Internal Audit for review and approval.
• Identify irregularities or potential fraudulent activities and lead investigations, ensuring proper documentation and reporting to the Ethics Committee.

2. Internal Audit Execution & Oversight

• Oversee audit engagements to ensure they are conducted in accordance with approved methodologies and professional standards.
• Review audit findings, evaluate audit evidence, and ensure conclusions are sound and actionable.
• Address escalated audit matters and recommend practical solutions for improvement.
• Ensure timely follow-up and closure of audit recommendations in coordination with relevant departments.

3. Audit Reporting

• Prepare detailed audit reports summarizing key observations, control weaknesses, and improvement recommendations.
• Present audit results and progress updates to the Director Internal Audit and other relevant stakeholders.
• Track implementation of audit recommendations and report status of corrective actions.
• Support the Director Internal Audit in preparing consolidated reports for presentation to the Audit Committee.

4. People Leadership & Development

• Provide direction, coaching, and mentorship to the internal audit team to build capability and ensure high-quality performance.
• Foster a culture of ethics, integrity, and continuous improvement within the department.
• Manage performance evaluations, development plans, and training of team members in coordination with HR.
• Address HR-related matters within the department, including conflict resolution, grievances, and disciplinary actions.
• Promote teamwork, accountability, and a results-driven environment.

Education:

• Chartered Accountant (CA)

Experience:

• Minimum 18 years of Post CA qualification experience in Finance and/or Internal Audit, preferably in manufacturing industries.

Technical Expertise:

• Strong command of internal audit methodologies and standards
• In-depth understanding of internal controls, financial processes, and operational audits
• Experience in developing and implementing audit frameworks and programs
• Exposure to process improvement tools such as Lean Six Sigma
• Familiarity with IT systems and audit-related technologies

Interpersonal Skills:

• Strategic and analytical thinking
• Strong decision-making and problem-solving ability
• Leadership and team management
• Excellent communication and stakeholder engagement