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Introduction
Godrej Consumer Products Limited (GCPL) is a leader amongst India’s Fast Moving Consumer Goods (FMCG) companies, with a turnover of more than 1.3 billion USD and growing at 30% + CAGR. Our international operations contribute to approx. 45% of this revenue.
Our performance is a reflection of our rigorous effort in driving six strategic pillars of growth, viz, leading in our core categories, growing our international business in line with our 3 x 3 strategy, driving innovation, building a best in class supply chain, creating a future ready sales organization and fostering an agile and professional entrepreneurial culture.
We have been focusing on our 3×3 strategy i.e. three focus geographies: Asia, Africa and South America and three focus categories: Hair care, Personal Care and Home Care. Our International operations offer a wide diversity of scale (10 Mio USD to 200 Mio USD), markets (10% to 80% organized retail), management (fully owned to joint ventures) and cultures (South East Asia, Sub Sahara Africa, UK and LATAM), leading to consequent diversity of business models.
Africa: Rapidol, a strong player in hair color brands was acquired in September 2006 gave an opportunity to enhance its global presence through the Modern Trade Network. Kinky, leading player in dry hair was acquired in April 2008. Tura, one of Nigeria’s leading beauty companies was acquired in June 2010. In June 2011, GCPL acquired a majority stake in pan-African leading hair care company ‘Darling Group Holdings’ that operates in 14 countries across sub-Saharan Africa. Frika Hair was acquired in March 2015, which enjoys premium positioning in the South African hair market since 1998.
Asia: In May 2010, we acquired an Indonesia-based Megasari group operating in a range of household products. GGME established in Sharjah ensures distribution in the Middle East. We also have operations in Sri Lanka and Bangladesh.
Europe: Keyline Brands (now Godrej UK) was acquired by GCPL in October 2005 operating in the toiletries and personal care sector.
South America: Argentina based Issue Group and Argenocs in May and June 2010 (now integrated as Godrej Argentina), has helped GCPL make significant inroads into the hair colors markets of Latin America. In 2012, GCPL acquired 60% stake in Cosmetica Nacional, a market leading hair colors and Cosmetics Company in Chile.
Duties & Responsibilities
Key Responsibilities:
- Build strong relationships across the organisation in order to understand issues, influence and facilitate change, get complete buy-in on audit recommendations and follow through of audit actions;
- Be a trusted advisor to business partners in delivery of advice related to the internal controls, raising awareness of control related issues and on major projects with a high control and process content;
- Contribute towards the development of the annual audit plan, including an update of the risk universe for changes in the business strategies and risks and implementation of a robust risk based methodology to determine audit priority;
- Develop internal audit scope, performing audit procedures, and preparing high quality, clear and concise audit reports;
- Work closely with PLC finance on the development and roll out of a group wide control framework that can be used to promote ownership of controls within the business unit, as a form of assurance and an input into the annual audit planning process;
- Performing the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations;
- Obtain, analyse and evaluate accounting documentation, reports, data, flowcharts etc;
- Identify loopholes and recommend risk aversion measures and cost savings;
- Conduct follow up audits to monitor management’s interventions.
Desired Experience & Qualification
Knowledge, Skills & Experience Required:
- Excellent written and verbal communications skills with experience of presenting to senior stakeholders;
- Outstanding critical thinker and problem solver;
- Attention to the detail but also ability to see big picture;
- FMCG or consumer/ retail experience is desirable;
- Working knowledge of project assurance and risk management is desirable;
- Understanding of the technical aspects of accounting and financial reporting;
- Time management, organisation and project management skills;
- Ability to assess adequacy of internal processes and controls and suggest tangible improvements. Techniques around data analysis desirable.
Qualifications:
- Good to have, ACCA or ACA post-qualification experience in Internal and External Audit;
- Microsoft packages (Word, Excel, PowerPoint, SharePoint etc.);
- Degree or Equivalent desirable.