Hiring For Internal Audit Manager

Job Description: Internal Audit Manager

Role Overview: The Internal Audit Manager will be responsible for evaluating the adequacy and effectiveness of the company’s internal control systems across key operational and financial functions. You will ensure that processes-ranging from Procurement to HR-are compliant with internal policies, SOPS and statutory regulations.

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1. Procurement to Payment (P2P) & Logistics

• Vendor Management: Audit the vendor lifecycle, including registration, ERP master data maintenance, and periodic evaluation/rating.

• Planning & Requisition: Review procurement planning, budgeting, and Material Requirement Planning (MRP) accuracy.

• Sourcing & Purchasing: Verify the integrity of the Indenting process, rate negotiations, and vendor finalization.

• Transaction Lifecycle: Monitor Purchase Order (PO) management, open PO tracking, and the Three-Way Match (Invoice, PO, GRN) for payment approvals.

• System Integrity: Review User Access Management (UAM) procedures within the procurement modules of the ERP in line with approval hierarchy.

2. Inventory & Stores Management

• Receipt & Quality: Audit material receipt procedures (Gate Entry, QC, and GRN) to ensure quality and quantity accuracy.

• Stock Controls: Evaluate material issuance protocols and verify adherence to inventory norms (Min/Max and Safety Stock levels).

• Asset Protection: Review the physical verification (stocktaking) process and ensure adequate insurance coverage for inventory. Surprise stock audit once in month on central stores.

• Efficiency: Identify and report on slow-moving or non-moving stock; monitor the status of materials sent on a returnable basis.

3. Finance, Accounts & Reporting

• Compliance & Policy: Ensure adherence to the Accounts SOP and established accounting policies.

• Budgetary Control: Audit budgeting processes and approval workflows for both Opex and Capex.

• General Ledger: Conduct GL scrutiny, review Chart of Accounts maintenance, and verify bank/inter-company reconciliations.

• Period-End Processes: Audit for quarter results, accruals, provisions, prepaid expenses, and depreciation.

• Financial Integrity: Oversee the Financial Statement closure process and controls over cash and advances on quarterly basis.

4. Statutory Compliances

• Framework Review: Evaluate the effectiveness of the existing statutory compliance framework and tracking mechanisms.

• Taxation: Audit the status of key Direct and Indirect Tax compliances.

• Reporting: Verify the maintenance of compliance calendars/checklists and review quarterly sign-offs for Board-level reporting.

5. HR & Payroll Operations

• Employee Lifecycle: Verify the integrity of employee master agreements, attendance tracking, and leave management.

• Compensation: Review payroll processing, reconciliation, and salary disbursement for accuracy and security.

• Performance & Exit: Audit the performance appraisal process and ensure Full and Final (F&F) settlements follow exit management procedures.

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Key Requirements

• Experience: 5 years in Internal Audit

• Education: CA, Inter CA, or equivalent.

• Skills: Strong understanding of ERP systems (SAP/Oracle/Microsoft), data analytics, and risk assessment frameworks.

• Experience

  4 - 5 Years

• No. of Openings

  2

• Education

  Post Graduate

• Role

  Internal Audit Manager

• Industry Type

  Oil / Gas / Petroleum / Solar / Power & Energy

• Gender

  Male

• Job Country

  India

• Type of Job

  Full Time

• Work Location Type

  Work from Office