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 managements 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

68 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