Job Description

Development & Management

·       Develop and execute VMG Corporate, 2 BU and 2 factories audit plans based on risk assessments.

·       Conduct manufacturing process audits, ensuring efficiency, cost control, and compliance.

·       Identify financial, operational, and compliance risks in factory and production operations.

·       Lead a team of internal auditors, providing guidance, mentorship, and professional development opportunities.

·       Ensure audit objectives and timelines are met, coordinating with other business units and departments as necessary.

·       Propose enhancements to internal audit processes to streamline operations and improve efficiency.

·       Stay updated with industry trends, best practices, and regulatory changes to ensure audits remain relevant and impactful.

 

Factory Audit Oversight

·       Audit factory production costs, inventory management, and waste control.

·       Monitor and improve supply chain transparency and vendor compliance.

·       Verify quality control measures in production lines.

·       Assess adherence to ISO standards, health & safety laws, and environmental policies.

 

Financial & Cost Control

·       Conduct cost structure analysis for manufacturing and raw material procurement.

·       Investigate budget variances, fraud risks, and expense mismanagement.

·       Oversee financial audits to ensure compliance with accounting standards, tax regulations, and company policies.

·       Review financial statements for accuracy and compliance, identifying discrepancies or inefficiencies.

·       Assess inventory controls, procurement, and production workflows to identify cost- saving opportunities.

 

Corporate Compliance & Governance

·       Ensure adherence to corporate policies, financial standards, and tax regulations.

·       Strengthen internal control mechanisms for fraud prevention and ethical compliance.

·       Work with external auditors and regulatory bodies for periodic compliance checks.

·       Work closely with the finance, operations, and management teams to ensure a comprehensive understanding of business activities.

·       Collaborate on corrective action plans and monitor progress on the implementation of audit recommendations

 

Reporting & Leadership

·       Prepare and present detailed audit reports with risk assessments to BOD and Audit Committee.

·       Prepare and deliver timely and informative investigation reports agreed quality standard.

·       Prepare confidential oral briefings on sensitive investigations and case handling for line management and regionally based management team.

·       Provide recommendations for process improvement and risk mitigation.

·       Lead, train, and mentor the internal audit team on VMG corporate ,2 BUs and 2 factories audit processes.