Assistant Manager- Internal Audit

Job Title: Assistant Manager Internal Audit

Department: Internal Audit / Finance & Compliance

Reports To: Head Internal Audit / CFO / Director – Finance

Location: Sahibabad, Ghaziabad, UP

Experience Required: 2–3 years (preferably in the manufacturing/process industry)

Job Summary:

The Assistant Manager – Internal Audit will be responsible for conducting financial, operational, and compliance audits across the company's plants and business units. The role ensures the effectiveness of internal controls, accuracy of financial records, compliance with policies and statutory requirements, and supports management in improving process efficiency and risk management practices.

Key Responsibilities:

1. Audit Planning & Execution

Assist in preparing the annual internal audit plan based on risk assessment and management priorities.

Conduct financial, operational, and compliance audits for all business units, manufacturing plants, and corporate functions.

Review internal controls across departments such as procurement, production, stores, inventory, sales, HR, and finance.

Identify process gaps, control weaknesses, and areas of improvement.

Perform surprise audits, stock verification, and plant visits to ensure process adherence.

Ensure timely completion of audit assignments and report submission.

2. Reporting & Documentation

Prepare comprehensive audit reports highlighting observations, risk ratings, root causes, and recommendations.

Present audit findings to senior management and follow up on corrective action implementation.

Maintain audit documentation, working papers, and evidence as per internal standards and audit trail requirements.

Ensure findings are tracked and closed within defined timelines.

3. Risk & Compliance Management:

Evaluate compliance with company policies, SOPs, statutory laws, and regulatory requirements.

Assist in periodic risk assessment exercises to identify critical control areas.

Review statutory compliance areas such as GST, TDS, PF, ESI, and labour laws from an internal control perspective.

Ensure internal audit coverage includes costing accuracy, scrap handling, inventory controls, and job work compliance.

4. Process Improvement & Control Enhancement:

Recommend process improvements to enhance efficiency, accuracy, and cost control.

Support business units in implementing standard operating procedures (SOPs) and internal control systems.

Participate in policy and SOP reviews to ensure alignment with best practices.

Contribute to the development of an Internal Financial Control (IFC) framework under the Companies Act.

5. Coordination & Team Support:

Coordinate with external auditors (statutory, cost, tax) to provide relevant internal audit information.

Work closely with the finance, purchase, production, and HR teams to ensure audit observations are addressed.

Support the Head of Internal Audit in preparing presentations for management and audit committees.

Desired Candidate Profile:

Qualification: CA / CMA / MBA (Finance) / CIA

Experience: 2–3 years in internal audit, risk management, or internal control functions, preferably in a manufacturing or process industry.

In-depth knowledge of auditing techniques, internal controls, and accounting principles (Ind AS / GAAP).

Working knowledge of SAP / Tally ERP / ERP systems, Excel, and data analytics tools.

Strong analytical, problem-solving, and communication skills.

Ability to handle multiple audits independently and meet deadlines.

Willingness to travel to factory/plant locations for audit assignments.

Key Skills:

Internal Audit & Risk Assessment

Process & Control Review

Compliance & Policy Adherence

Financial & Operational Audit

Cost & Inventory Audit

Audit Reporting & Documentation

Data Analytics & ERP Audit Trail

Stakeholder Coordination

Performance Indicators (KPIs):

Timely completion of planned audits as per schedule.

Quality and relevance of audit observations.

Implementation rate of corrective actions.

Reduction in repeat audit findings.

Timely submission of MIS and audit reports.

Improved internal control ratings and compliance scores.