CA - Internal Audit

About Company

The company is a global food-service brand with a large international presence, operating thousands of locations across over 100 countries. It provides quick, convenient meal options and focuses on delivering a consistent experience while allowing flexibility to meet local preferences.

Job Description

Key Responsibilities:-

1. Internal Audit Function Ownership (Group Level)
• To Independently manage and drive the Internal Audit function across the group.
• To develop and execute a comprehensive risk-based annual audit plan covering stores and corporate functions.
• To ensure audit coverage aligns with business expansion, risk exposure, and regulatory requirements.
• To institutionalize governance frameworks suitable for a listed entity environment.
• To ensure independence, objectivity, and high-quality audit documentation standards.

2. Coordination with Internal Audit Firms / Big 4
• To Independently work closely with appointed Internal Audit Firms / Big 4 advisors on:
o Store operational audits
o Functional audits
o IFC/ICFR testing
• To review and challenge audit scope, testing methodology, and observations to ensure depth and relevance.
• To ensure timely closure of audit findings through structured follow-ups with business stakeholders.
• To act as management’s central coordination point for all internal audit engagements.
• To validate the quality of audit reports before submission to senior leadership and the Audit Committee.

3. Store & Franchise Audit Leadership
• To independently design and implement a risk-based annual internal audit plan covering COCO and FOFO store formats.
• To independently ensure comprehensive coverage of:
o Revenue assurance
o Cash handling & bank deposit controls
o COGS & Inventory management & shrinkage control
o Vendor payments & procurement compliance
o Guest experience & operational SOP adherence
o Food safety, quality compliance & statutory regulations
• To leverage data analytics and POS reports to identify anomalies, revenue leakages, discount misuse, void patterns, and refund irregularities.
• To establish strong follow-up mechanisms to ensure time-bound closure of audit observations.
• To escalate high-risk findings to senior management with clear mitigation plans.

4. Functional & Corporate Audits
• To Independently lead end-to-end internal audits across corporate functions including Finance, HR,
Operations, SCM, Procurement, Projects, BD, Marketing, IT, etc.
• To evaluate design and operating effectiveness of controls across financial and operational processes.
• To develop and continuously update Risk Control Matrices (RCMs) aligned with IFC / ICFR requirements.
• To strengthen policies, SOPs, delegation matrices, and process documentation.
• To conduct surprise audits and thematic reviews based on emerging risk areas.

5. Special Projects – Risk Assessment & Advisory
• To identify financial, operational, compliance, and reputational risks in new initiatives.
• To provide pre-implementation risk advisory to management to mitigate potential exposure.
• To review capital projects and large contracts from governance and internal control perspective

6. IPO Readiness & Audit Committee Governance
• To Independently build and institutionalize IPO-grade internal controls and governance structures.
• To Independently ensure alignment with SEBI (LODR) and listed entity internal audit requirements.
• To Independently prepare structured quarterly Internal Audit reports for Audit Committee and Board review.
• To lead quarterly Internal Audit presentations before Audit Committee members post-listing.
• To track closure of Audit Committee action points and ensure accountability across departments.
• To maintain formal documentation and compliance trail for governance reviews.

7. IFC / ICFR & SOX-Style Framework
• To oversee and ensure regular testing and documentation of IFC / ICFR controls.
• To Identify control deficiencies and ensure timely remediation.
• To Coordinate with statutory auditors for annual IFC reporting.
• To Continuously strengthen financial reporting controls in line with listed company standards.

8. Enterprise Risk Management (ERM)
• To develop and maintain enterprise risk registers and heat maps.
• To ensure periodically update leadership and Board on evolving risks around ERP
• To integrate ERM with internal audit planning process.

9. Risk Assurance & Value Creation
• To recommend automation, process optimization, and control enhancements.
• To present concise, high-impact audit reports to senior leadership.
• To act as a trusted governance advisor to Senior finance team & executive management.

Ideal Candidate

Qualification
• Chartered Accountant (CA) – Mandatory

Experience
• 6–8 years in Internal Audit / Risk / Controls / Big 4 Assurance
• Strong exposure to multi-location QSR / Retail / FMCG operations
• Experience in working closely with Big 4 / external internal audit firms
• Exposure to IPO readiness or listed company governance preferred
• Hands-on experience in IFC / ICFR / SOX-style frameworks
• Strong understanding of Ind AS and statutory audit interface

Key Competencies
• Strong Board-facing maturity and presentation skills
• Ability to independently lead governance conversations
• Strong analytical and data-driven mindset
• High integrity and professional skepticism
• Capability to manage scale and complexity across 1,000+ stores

Mandatory Requirement

Primary Job Profile : Internal Audit

Technical Skills : Internal controls, Risk assessment

Candidate Industry Requirement: QSR/Retail

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