Job_Internal Auditor

Roles and Responsibilities

1. Internal Audit & Risk Management

• Develop and execute annual risk-based audit plans aligned with organizational objectives.

• Conduct operational, financial, compliance, and special audits across business functions.

• Identify process gaps, control weaknesses, and business risks, and recommend corrective actions.

• Monitor implementation of audit recommendations and closure of audit observations.

• Present audit findings and risk assessments to senior management and Audit Committee.

2. Supply Chain Management (SCM) Audit

• Audit procurement, sourcing, vendor management, contract management, and purchasing processes.

• Review adherence to procurement policies, approval matrix, and delegation of authority.

• Evaluate supplier selection procedures, vendor performance, and procurement efficiencies.

• Verify inventory planning, logistics operations, warehousing practices, and material movement controls.

• Identify cost-saving opportunities and potential leakages within the supply chain.

3. Manufacturing & Operations Audit

• Conduct audits of production planning, manufacturing processes, capacity utilization, and productivity.

• Review BOM compliance, yield analysis, rejection trends, rework, scrap management, and process efficiencies.

• Assess operational controls related to production, maintenance, quality assurance, and engineering.

• Evaluate compliance with SOPs, operational standards, ISO requirements, and safety norms.

• Analyze manufacturing costs and efficiency parameters for continuous improvement.

4. Finance & Accounts Audit

• Audit General Ledger, Accounts Payable, Accounts Receivable, Fixed Assets, Treasury, and Taxation functions.

• Review accuracy and completeness of financial records and transactions.

• Assess effectiveness of Internal Financial Controls (IFC) and financial governance processes.

• Validate compliance with accounting standards, GST, Income Tax, Companies Act, and other statutory requirements.

• Review budgetary controls, cost management practices, and financial reporting systems.

5. Inventory & Warehouse Audit

• Conduct periodic audits and physical verification of raw materials, WIP, finished goods, and spare inventories.

• Monitor inventory reconciliation, stock accuracy, and ERP-based inventory controls.

• Review inventory aging, slow-moving, non-moving, and obsolete stock management.

• Identify deficiencies in stock management processes and recommend corrective measures.

6. Commercial & Business Process Audit

• Evaluate commercial transactions, sales orders, pricing controls, customer contracts, and revenue processes.

• Review credit management, collection controls, and commercial compliance procedures.

• Audit channel partner processes, distributor management, and business controls where applicable.

• Ensure transparency and governance in commercial operations.

7. Compliance, Governance & Statutory Audit

• Ensure adherence to company policies, SOPs, statutory regulations, and corporate governance requirements.

• Review compliance with internal policies and external regulatory frameworks.

• Coordinate with statutory auditors, internal stakeholders, and regulatory authorities as required.

• Support enterprise-wide risk assessment and compliance monitoring activities.

8. Fraud Investigation & Control Monitoring

• Lead investigations into suspected frauds, financial irregularities, and policy violations.

• Conduct root-cause analysis and recommend preventive and corrective actions.

• Strengthen fraud risk management framework and preventive controls.

9. ERP, Systems & Process Improvement

• Evaluate ERP controls, system authorizations, user access management, and process automation effectiveness.

• Utilize data analytics and technology-enabled audit techniques for enhanced audit coverage.

• Recommend process improvements and control enhancements to support business efficiency.

• Drive continuous improvement initiatives across business processes.

10. Leadership & Stakeholder Management

• Lead, mentor, and develop internal audit team members.

• Collaborate effectively with SCM, Operations, Finance, HR, IT, Manufacturing, and Commercial teams.

• Build a culture of compliance, accountability, operational excellence, and continuous improvement.

• Act as a trusted advisor to business leadership on risk, control, and governance matters.

11. Project & Capex Audits

• Review EPC projects, solar installations, plant expansions, and capital expenditure programs.

• Monitor project costs, milestone achievements, contractual obligations, and resource utilization.

• Evaluate internal controls over project execution and payment certifications.

Educational Qualifications

• CA / CMA (Preferred)

• MBA (Finance) / M.Com / B.Com or equivalent qualification from a recognized institution.

• CIA / CISA / CPA certifications will be an added advantage.

Experience

• 18-20+ years of experience leading Internal Audit functions within Manufacturing, Electronics, Electrical Equipment, EMS, Auto Components, or similar industries.