• Internal Auditor

  • Locations
  • Bangalore
  • Date
  • 2016-04-07
  • Job Type
  • Permanent
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Job Description

  • To regularly appraise the effectiveness of accounting, financial and other operations & controls, acting as an aid to Management in achieving it’s goals of maximising production & profits
  • Act as the eyes & ears of management and provide advance warning of undesirable trends and provide indication of corrective measures to be taken
  • Ensure the business assets are protected and accounted for, transactions are promptly and correctly recorded, any inefficiencies are revealed and the business protected against waste, frauds, losses

Ensure timeliness & transparency in reporting on key controls, areas of weakness and recommend corrective measures to prevent recurrence in future

Role Description

Ensure a thorough system audit is carried out in a structured manner through the year. This includes ensuring that Group compliance norms and procedures are well understood, properly interpreted and applied by key stakeholders across the business. Suggest improvements where necessary.

Ensure that management controls are functioning effectively by conducting periodic operational audits. This also ensures that the operations are in sync with the overall objectives of the company. This includes a thorough review of manufacturing processes, production planning & scheduling, efficiency in purchase procedures, financial controls are in place and operating effectively.

Ensure that broad principles of commercial accounting have been consistently followed and any deviations are properly authorised and disclosed in relevant statements to management.

To review, assess and report on the effectiveness of management policies & procedures, it’s performance & efficiency and effectiveness in measuring profitability and productivity of capital invested. Eg inventory controls, optimum utilisation of capacity etc.

Prepare a detailed audit plan/programme for the year well in advance and ensure management approvals are obtained. The plan is to be effectively communicated to the business with clear milestones, responsibilities. Any deviations will be proactively communicated to management and approvals obtained for such deviations.

Ensure quick closure of queries raised during the audit by discussing with relevant functional heads and securing concurrence. Areas that require qualification to be separately documented and discussed with management

In case of any urgent points that cannot wait till the issue of the final audit report, intimate management through an interim audit report or progress report so that the matter is discussed without delays.

Maintain adequate records, working papers of audits completed with dates of completion, remarks etc

Conduct follow up audits once a quarter that will focus first on the queries raised in the previous quarter and whether it was successfully resolved. In case there are pending action items, the same needs to be reported to management without delay.


Key Skills and Experiences

Qualification: CA , ICWA

4-5 Years of experience as a head of the Internal Audit function of a Manufacturing company   

Knowledge of Local Tax and Legal compliance knowledge

Expert in Microsoft Office

Good Communication skills (both written and spoken) in English

On hand experience in Microsoft office

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