Concurrent Audit Executive

Roles and Responsibilites

A. Concurrent Audit of Spends & Vendor Invoices

• Perform daily/periodic concurrent review of vendor invoices, purchase orders, contracts, rate cards, and supporting documents.
• Check compliance with procurement policies, approval matrices, contracted rates, taxation accuracy, and GRN/SES matching.
• Identify duplicate billing, rate mismatches, improper documentation, and non-compliant spends.
• Flag exceptions and highlight potential value leakage or avoidable costs.

B. Operational Finance Support (P2P Related)

1. Open PO Reports

• Periodically extract and review open PO reports from SAP.
• Highlight long-pending POs, partial receipts, incorrect closure, and mismatches between PO, GRN, and Invoice.
• Coordinate with procurement and finance to close or clean up ageing POs.

2. Vendor Advances Tracking

• Track outstanding advances issued to vendors and match them with subsequent invoices.
• Identify long-pending or unadjusted advances and follow up for timely settlement.

3. Month-End Provision Support

• Collate information for month-end expense provisions based on GRN/SES status, committed spends, and service milestones.
• Provide inputs to finance for accrual accuracy and completeness.
• Track reversal of provisions in subsequent months.

C. Process Improvement & Cost Reduction

• Identify gaps, inefficiencies, and repeated issues across P2P and invoice verification processes.
• Recommend improvements to strengthen controls, reduce cycle time, and eliminate rework.
• Support cost-reduction initiatives through analysis of spend patterns and exception trends.

D. Reporting & Follow-up

• Prepare audit observations, dashboards, and MIS for management reviews.
• Present findings to finance, procurement, and business teams.
• Track closure of audit points and maintain follow-up status.
• Maintain detailed workpapers and documentation for audit trail.

Desired Candidate Profile

1.Skills & Competencies

• Working knowledge of SAP FICO (to navigate POs, GRNs, invoices, reports).
• Strong understanding of P2P processes and vendor invoice workflows.
• Good analytical skills; strong Excel capability (vlookup, pivot, analysis).
• Ability to quantify impact, identify patterns, and detect anomalies.
• Clear communication and strong coordination skills.
• High attention to detail, discipline, and follow-through.

2. Qualifications & Experience

• CA Inter / CMA Inter / MBA (Finance) preferred.
• 25 years of experience in internal audit, concurrent audit, process audit, or P2P transaction review.
• Experience in invoice audit, PO tracking, and month-end support is desirable.
• Exposure to professional services, manufacturing, retail, FMCG, shared services, or multi-entity environments is a plus.

3. Additional Details

• Hiring for Pune (multiple positions).
• Travel between locations may be required depending on project.