Thrivus Partners

Vacancy for Internal Auditor in manufacturing company. If interested share resume at <a href="mailto:hiring@thrivuspartners.com" rel="nofollow noopener" target="_blank">hiring@thrivuspartners.com</a>
Job Description – Internal Auditor
Position: Internal Auditor
Department: Finance &amp; Accounts (Internal Audit )
Reporting to: CFO / Board of Directors
Location: Sanaswadi
Working days: 6 days
Experience: 3-5 years in internal audit
Education: Semi qualified CA or any Commerce Graduate
<ol>
<li>Job Purpose</li>
</ol>
To independently evaluate the company's internal controls, processes, risk management, compliance and financial/operational activities, identify control weaknesses and process inefficiencies, and recommend corrective actions to improve governance, cost effectiveness and operational performance.
<ol start="2">
<li>Key Responsibilities</li>
</ol>
A. Internal Audit Planning &amp; Execution
<ul>
<li>Prepare and execute the annual and quarterly internal audit plan based on risk assessment.
</li>
<li>Conduct audits of Finance, Purchase, Sales, Stores, Inventory, Production, HR, Payroll, Projects, Logistics and other functions.
</li>
<li>Perform process reviews and transaction testing to assess adequacy and effectiveness of controls.
</li>
<li>Identify gaps, irregularities, leakages, fraud risks and process inefficiencies.
</li>
<li>Maintain proper audit working papers and supporting documentation.
</li>
</ul>
B. Internal Controls &amp; Risk Management
<ul>
<li>Review existing SOPs, policies, delegation of authority and internal controls.
</li>
<li>Identify control deficiencies and assess their financial and operational impact.
</li>
<li>Recommend practical measures to strengthen internal controls.
</li>
<li>Evaluate implementation of management controls and monitor recurring weaknesses.
</li>
<li>Participate in risk assessment and maintain a risk-based audit approach.
</li>
</ul>
C. Financial &amp; Transaction Audit
Review, among others: Purchase-to-Pay cycle, Order-to-Cash cycle, Inventory and stores, Fixed assets, Cash and bank transactions, Expenses and employee claims, Vendor payments, Customer collections, Journal entries and provisions, Capital expenditure, Payroll and employee-related payments
D. Operational Audit
<ul>
<li>Review operational efficiency and utilization of company resources.
</li>
<li>Identify opportunities for cost reduction and productivity improvement.
</li>
<li>Review wastage, scrap, rejections, production losses and abnormal consumption.
</li>
<li>Examine inventory ageing, slow-moving and obsolete items.
</li>
<li>Review procurement practices, vendor selection and purchase price variations.
</li>
</ul>
E. Compliance Audit
<ul>
<li>Check compliance with applicable Companies Act, GST, Income Tax, labour laws, accounting standards and other applicable statutory requirements.
</li>
<li>Review compliance with company policies and management approvals.
</li>
<li>Track statutory and regulatory non-compliances and report significant issues.
</li>
</ul>
F. Fraud Risk &amp; Investigation
<ul>
<li>Identify potential fraud indicators and unusual transactions.
</li>
<li>Conduct special audits/investigations as assigned by management or the Audit Committee.
</li>
<li>Analyse suspicious transactions and identify control failures contributing to fraud.
</li>
<li>Maintain confidentiality while handling sensitive investigations.
</li>
</ul>
G. ERP / SAP &amp; Data Analytics
<ul>
<li>Review controls within SAP/ERP systems.
</li>
<li>Check user access, authorization levels and segregation of duties.
</li>
<li>Use Excel, Power BI, SQL or other analytical tools for transaction testing and exception reporting.
</li>
<li>Develop analytical reports to identify unusual transactions, duplicate payments, unusual vendor/customer activity and other exceptions.
</li>
</ul>
H. Audit Reporting
<ul>
<li>Prepare clear and concise internal audit reports.
</li>
<li>Classify observations based on risk/priority.
</li>
<li>Discuss findings with process owners and obtain management responses.
</li>
<li>Clearly highlight: Audit observation, Risk/impact Root cause, Recommendation, Management response, Responsible person, Target implementation date
</li>
</ul>
I. Follow-up &amp; Corrective Actions
<ul>
<li>Monitor implementation of agreed audit recommendations.
</li>
<li>Conduct periodic follow-up audits.
</li>
<li>Report overdue corrective actions to senior management.
</li>
<li>Highlight repeated or unresolved control deficiencies.
</li>
</ul>
<ol start="3">
<li>Required Skills</li>
</ol>
<ul>
<li>Strong knowledge of accounting and auditing.
</li>
<li>Good understanding of internal controls and risk management.
</li>
<li>Strong analytical and problem-solving skills.
</li>
<li>Excellent Excel/SAP/ERP skills.
</li>
<li>Knowledge of statutory and regulatory compliance.
</li>
<li>Ability to identify fraud indicators.
</li>
<li>Good report-writing and communication skills.
</li>
<li>Ability to independently interact with senior management and functional heads.
</li>
<li>Professional skepticism and high level of integrity/confidentiality.
</li>
</ul>

Internal Auditor

Internal Auditor

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