Manager - Internal Audit

Key Responsibilities

1. Audit Planning & Team Management

• Prepare and execute the risk-based Internal Audit Plan covering corporate functions, plants and business operations.
• Conduct risk assessment and identify key/high-risk areas for audit coverage.
• Allocate assignments, guide team members and review audit working papers and reports.
• Ensure timely and quality completion of audit assignments.

2. Internal & Process Audit

• Lead process, operational, financial, concurrent, pre-payment and plant audits.
• Cover key processes including Procurement/P2P, Accounts Payable, Stores & Inventory, Production, O2C, Vendor Management, Expenses, Plant Operations, Assets, Customer Service, After-Sales, Warranty and Dealer/Service Centre Operations.
• Review compliance with company policies, SOPs, statutory requirements, contracts and delegated authority.
• Identify control gaps, process weaknesses, financial leakages and compliance deviations and recommend corrective actions.
• Periodically verify and reconcile Raw Material, Finished Goods, Stores and Assets.

3. Concurrent & Pre-Payment Audit

• Review procurement, service, manpower, expense and other payments before release.
• Verify approvals, PO/contract terms, quantities, rates, taxes, supporting documents and payment conditions.
• Identify duplicate/unsupported/excess payments and other financial risks.

4. Special Audit & Investigation

• Lead special audits, management reviews, whistle blower complaints and investigations as assigned.
• Identify irregularities, control failures and financial/operational impact and recommend corrective and preventive actions.

5. Audit Reporting & Follow-up

• Review and finalise audit observations and reports prepared by the team.
• Ensure observations clearly cover root cause,risk/impact and recommended action.
• Present significant risks and audit findings to management.
• Maintain Audit MIS, dashboards and observation trackers and ensure timely closure of high-risk and recurring observations.