Assistant Manager Accounts

Asian Paints

Mumbai

Description

Job Purpose

The position is that of Assistant Manager (Controls & Governance) in Corporate Accounts where you will be responsible to strengthen the Company’s internal control and governance framework by acting as a second line of defence, ensuring effectiveness of Internal Financial Controls (IFC/ICFR), supporting control design for new initiatives, and driving compliance and cost optimisation efforts. This is an individual contributor role.

Business Responsibility Areas

1. Internal Financial Controls (IFC/ICFR) – Oversight

  • Review the design and operating effectiveness of existing IFC/ICFR controls across business processes
  • Identify control gaps, weaknesses, recommend and follow up on remediation actions with the process owners
  • Perform periodic risk assessments and align control framework with evolving business risks
  • Ensure documentation of controls (RCMs, SOPs) is robust and audit-ready along with the process owners

2. Second Line of Defence (Governance Role)

  • Act independently of process owners to challenge and validate control effectiveness
  • Coordinate with first line (business/finance teams) and third line (internal/external auditors)

3. System & Control Development

  • Contribute to control design for new systems, ERP implementations, and automation initiatives
  • Embed preventive and detective controls within system workflows
  • Participate in UAT from a controls perspective to ensure risks are mitigated before go-live

4. Regulatory & Compliance (including PIT Regulations)

  • Monitor adherence to APL’s internal insider trading compliance frameworks – identify system which contains unpublished price sensitive information (UPSI), review and monitor access of UPSI and communication with the secretarial team.

5. Cost Optimisation & Efficiency Initiatives

  • Identify opportunities for cost savings through process improvements and control rationalisation
  • Drive automation and standardisation initiatives to improve efficiency
  • Track and report savings initiatives and benefits

6. Audit & Stakeholder Management

  • Liaise with internal and statutory auditors on IFC testing and observations
  • Track closure of audit findings and ensure timely remediation
  • Provide periodic updates to management on control environment and key risks