Date Posted:

2024-04-18

Country:

India

Location:

Head Office 9th Floor, Magnus Tower, Mindspace, Link Road, Malad (West), MUMBAI-400064, India

Role Overview:

Based in the India office and part of the Internal Controls COE reporting to the Director, Controllership, Asia Pacific & SEA. Primarily performing internal controls related work for our India business.

On a typical day you will:

1. Responsible for supporting Internal Control COE in overseeing Otis India’s overall internal controls function (covering financial controls, operational controls, legal and compliance controls) in compliance with Otis global and local requirements, policies and procedures.

2. Assist in developing internal audit plans covering various Branch basis risk assessment (encompassing all types of controls at Branches / Regional Audits where required / Functional process audit/ System audits) but leveraging and avoiding duplication by various other audits like external statutory audits, external internal auditors and Sox gap and control assessments. Plans are also discussed and finalised in Compliance Council.

3. Assist in developing internal audit plans to be conducted by External Internal auditors. Agree detailed plan with them. Provide inputs to External / Internal auditors as a coordinator to facilitate the auditing process, ensuring required data by them is provided, discuss observations along with stakeholders and enhance communication between process owners and auditors and ensuring finalisation of report.

4. Perform Branch Audits/ Regional Audits where required / Functional process audit/ System audits as per plan. Discuss and issue final report after discussion with all stakeholders. In case any issue noted which is related to any Systems/ processes, work with Entity Head office functional stakeholders and DT team, as applicable, to ensure resolution of issues. Carry out periodic observation implementation review with regional stakeholders.

5. Support with Otis India Ethics team on investigations where financial matters are involved and details work has to be done.

6. Organize and Conduct Otis India Controls and Compliance Council (where all key HO HOD/ Compliance heads and regional key HOD and MD direct reports are involved. Prepare the deck for discussion, prepare minutes of meeting and follow up and update on actions agreed. Controls lead update the Controls and Compliance council on various control

7.Attending Regional Controls and Compliance Council and provide inputs from Controls perspective.

8.Carry out proactive audits of systems/ processes and checks to ensure policies and processes are being adhered. Report audit result and assist relevant staff or department to formulate and follow up remediation plan on issues identified.

9.Support Otis Internal Control COE on special ad-hoc projects. Contribute in improving control environment and process improvements.

10. Ensure timely implementation and compliance with Otis Policies and Procedures.

Assist on policy reinforcement and provide training to employees to ensure their awareness of new/existing/major policies and enhance their sense of internal controls when necessary.

11. Support Internal Control COE in assessment prior to IAD audit and provide data required for IAD audit (includes liaise with all de-centralised stakeholders where data not available centrally), ensure observations are properly put encompassing all facts of the case and proper management action agreed.

Additional:

1. Assist along with stakeholders in reviewing and updating local policies due to changes in organization structure, financial structure, operating procedure, business processes etc., on a regular basis.

2. Review open eSOX issues and other audit report observations for follow up and ensure timely updates and closure in eSOX. Work closely with process owners to develop action plans, monitor and timely report the progress of remediation.

3. Ensure required evidence/ testing is performed prior to closure of issues. Ensure internal control related assessment, projects or reports are completed and submitted timely per Regional / Global requirements.

4. Take active part in various process improvement projects as assigned by Internal control COE bringing efficiency and maintaining effectiveness of internal controls.

5. Review global policy deviations and ensure timely renewal of those deviations.

6. Perform, manage and overview internal management testing to ensure internal controls are operated effectively and efficiently according to requirements of Sarbanes Oxley.

7. Attend Global internal audit calls, Attend India MRL meetings and provide required inputs related thereto.

8. Participating in India ACA review conductions by regional controller team.

What You Will Need to be Successful:

1.CA / MBA – Finance with 4 - 10 years’ experience

2.Experience with international public accounting firm with exposure to multi-national companies

3.Prior experience in an Internal Audit role in a multinational will be an advantage

4.Good interpersonal, communication and presentation skills and should be willing to travel for audit.

5. Self-starter, results oriented with a positive outlook

If you live in a city, chances are we will give you a lift or play a role in keeping you moving every day.

Otis is the world’s leading elevator and escalator manufacturing, installation, and service company. We move 2 billion people every day and maintain approximately 2.2 million customer units worldwide, the industry's largest Service portfolio.

You may recognize our products in some of the world’s most famous landmarks including the Eiffel Tower, Empire State Building, Burj Khalifa and the Petronas Twin Towers! We are 69,000 people strong, including engineers, digital technology experts, sales, and functional specialists, as well as factory and field technicians, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. We are proud to be a diverse, global team with a proven legacy of innovation that continues to be the bedrock of a fast-moving, high-performance company.

When you join Otis, you become part of an innovative global industry leader with a resilient business model. You’ll belong to a diverse, trusted, and caring community where your contributions, and the skills and capabilities you’ll gain working alongside the best and brightest, keep us connected and on the cutting edge. 

We provide opportunities, training, and resources, that build leadership and capabilities in Sales, Field, Engineering and Major Projects and our Employee Scholar Program is a notable point of pride, through which Otis sponsors colleagues to pursue degrees or certification programs.

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