Head of Procurement Salary in Gurgaon - PayScale

Develop and implement a comprehensive internal audit strategy, including annual audit plans and risk assessment methodologies, in alignment with the company's objectives and industry best practices.Lead and manage a team of internal auditors, providing guidance, coaching, and performance evaluations to ensure high-quality audit work.Conduct risk assessments to identify and evaluate areas of potential risk, including operational, financial, and compliance risks. Develop risk mitigation strategies and recommendations for improvement.Perform internal audits of various business processes and functions, including finance, operations, procurement, sales, and IT systems. Evaluate the adequacy and effectiveness of internal controls, identify control gaps, and recommend process improvements.Oversee fraud investigations, including conducting interviews, gathering evidence, analysing financial transactions, and preparing reports on findings. Collaborate with relevant stakeholders, such as legal and HR departments, to implement corrective actions and preventive measures.Provide advisory services to management and business units on risk management, control frameworks, and best practices. Assist in the development and implementation of effective risk mitigation strategies.Ensure compliance with relevant laws, regulations, and industry standards. Keep abreast of regulatory changes and emerging risks that may impact the company's operations. Develop and implement compliance programs and policies.Enhance governance practices by promoting ethical behaviour, transparency, and accountability throughout the organization. Review and update corporate governance frameworks, policies, and procedures.Establish and maintain effective relationships with key stakeholders, including senior management, external auditors, regulators, and relevant industry bodies. Represent the company in external forums, conferences, and meetings related to internal audit and risk management.Chartered Accountant with 16+ years of experience. A professional certification such as Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), or Certified Information Systems Auditor (CISA) is highly desirable.

Collaborate closely with senior finance and business leadership drive financial objectives for the organization, ensuring alignment with business goals.Partner with respective teams to establish Annual Operating Plans (AOP), monthly budgets, and cash flow forecasts, taking ownership of the entire process from start to finish.Serve as a trusted advisor to the senior leadership team, providing financial insights and guidance.Lead the development and evolution of the Business Intelligence (BI) framework, identifying key metrics and financial KPIs, and developing financial models with clear front-end visualizations to support strategic initiatives.Own organization-wide operating and financial data and KPIs, acting as the central point of contact for all financial data and analysis.Prepare business plans and engage with potential investors for fundraising activities, collaborating closely with the CFO/Founders to ensure plan robustness.Conduct scenario building and stress testing, clarifying assumptions and key actions required to achieve strategic goals, and participate in business valuation discussions.Interface with existing VC/PE investors for regular and ad-hoc reporting requirements.Manage the control governance framework for internal and statutory committees within the organization.Prepare Founders/CFO for Board discussions on performance and lead due diligence processes for debt and equity funding.Project manage international expansion, new product launches, and business model initiatives.Coordinate the preparation of feasibility reports for expansion plans, working with consultants to provide necessary data and information.Evaluate M&A opportunities for inorganic growth, including valuations and industry benchmarking.Drive cost-saving initiatives through effective cost negotiations for existing and future contracts, in collaboration with procurement managers.An ideal candidate should be a CA/MBA with 8+ years of relevant business finance or strategic finance experience. They should haves strong analytical skill along with great commercial acumen. Ability to partner with senior stakeholder and cross functional team to drive changes for business optimisation.