Audit Executive

Job Description – Audit Executive (General Ledger Audit – Small Finance Bank)

Audit Executive – General Ledger Audit

Location - Belapur, Navi Mumbai

Experience:* 1–3 Years

*Qualification:*

* B.Com / M.Com / MBA (Finance) / CA Inter / CMA Inter

* Experience in banking audit will be preferred.

Job Summary

We are looking for a detail-oriented Audit Executive to perform General Ledger (GL) audits of a Small Finance Bank. The candidate will be responsible for reviewing accounting entries, validating GL balances, identifying unusual transactions, ensuring compliance with RBI guidelines, and assisting in preparation of audit reports.

Key Responsibilities

General Ledger Audit

* Verify daily General Ledger (GL) transactions.

* Review debit and credit entries for accuracy.

* Identify unusual, suspense, and abnormal balances.

* Verify proper accounting of income and expenditure.

* Review manual journal entries and supporting documents.

* Check inter-branch and office account reconciliations.

* Verify suspense accounts, sundry assets, and sundry liabilities.

* Review outstanding and long-pending entries.

Compliance Review

* Ensure compliance with RBI Master Directions and bank policies.

* Verify adherence to accounting standards and internal controls.

* Review GL mappings and account classifications.

* Report deviations from accounting policies.

Reconciliation & Analysis

* Review GL reconciliation statements.

* Verify ageing of unreconciled balances.

* Analyse movement in major GL heads.

* Review month-end and year-end adjustment entries.

Documentation

* Prepare audit working papers.

* Maintain audit evidence and supporting documents.

* Draft audit observations with root cause and recommendations.

* Assist in preparation of audit reports.

Coordination

* Coordinate with branch and HO finance teams.

* Follow up for pending documents and responses.

* Discuss audit observations with concerned officials.

Required Skills

* Good understanding of accounting principles.

* Knowledge of banking operations.

* Understanding of General Ledger accounting.

* Analytical and problem-solving skills.

* Good communication skills.

* Proficiency in Microsoft Excel (Pivot Tables, VLOOKUP/XLOOKUP, SUMIFS, filtering, data analysis).

* Ability to work independently and meet deadlines.

Preferred Skills

* Experience in Bank Concurrent Audit, Statutory Audit, or Internal Audit.

* Knowledge of CBS (Finacle/FinOne/infor or similar Core Banking Systems).

* Familiarity with RBI circulars applicable to banks.

* Experience in GL scrutiny and reconciliation.

Key Areas of Review

* Income Leakage

* Interest Accounting

* Suspense Accounts

* Office Accounts

* Sundry Assets & Liabilities

* Inter Branch Accounts

* Provision Entries

* Manual Journal Entries

* Exceptional Transactions

* Reversal Entries

* Dormant GLs

* Expense Booking

* Revenue Recognition

Deliverables

* Daily/Weekly GL Review Sheet

* Exception Report

* GL Reconciliation Review

* Audit Working Papers

* Risk Observation Report

* Monthly Audit Report

Preferred Candidate Profile

* Strong attention to detail.

* High level of integrity and confidentiality.

* Ability to analyse large volumes of accounting data.

* Willingness to travel to branches, if required.

* Team player with a proactive approach.

Pay: ₹25,000.00 - ₹35,000.00 per month

Work Location: In person