Assistant Manager Internal Audit

This role focuses on evaluating and enhancing the effectiveness of business processes, internal controls, risk management, and operational efficiency throughout the organization. The incumbent will conduct comprehensive process audits, identify control weaknesses, recommend corrective actions, and ensure adherence to company policies and procedures. The position requires collaboration with various departments to improve compliance and mitigate risks while supporting continuous operational improvements.

Key Responsibilities

- Develop and implement risk-based audit plans covering multiple business functions.
- Conduct process audits across Finance, Supply Chain, Procurement, Warehouse, Inventory, Sales, HR, and other operational areas.
- Review existing business processes, Standard Operating Procedures (SOPs), policies, and internal controls to identify gaps and inefficiencies.
- Assess the effectiveness of internal controls and suggest improvements to reduce operational and financial risks.
- Perform walkthroughs, transaction testing, document verification, and compliance assessments.
- Detect process deviations, control weaknesses, irregularities, and potential fraud risks.
- Conduct inventory audits, stock reconciliations, physical verifications, and warehouse process evaluations.
- Review procurement activities including vendor management, purchase orders, quotations, and payment procedures.
- Evaluate cash management, payment processing, and controls over financial transactions.
- Prepare detailed audit reports outlining observations, risk implications, root causes, and recommendations.
- Discuss audit findings with department heads and secure management responses.
- Monitor the implementation of corrective and preventive actions through follow-up audits.
- Maintain thorough audit documentation, working papers, and supporting evidence.
- Identify opportunities for process automation, operational improvements, and cost optimization.
- Present significant audit findings and recommendations for process enhancements to senior management.

Required Qualifications

- Strong knowledge of internal audit methodologies and risk-based auditing techniques.
- Practical experience in conducting business process audits and internal control assessments.
- Familiarity with SOP development, process mapping, and gap analysis.
- Excellent analytical, problem-solving, and risk assessment abilities.
- Proficient report writing and documentation skills.
- Ability to perform independent audits and communicate findings clearly and effectively.
- Proficiency in MS Excel, PowerPoint, and ERP systems.
- Strong stakeholder management and interpersonal communication skills.
- High level of integrity, objectivity, and adherence to professional ethics.

Preferred Qualifications and Benefits

- 4 to 6 years of experience in Internal Audit, Process Audit, or Operational Audit roles.
- Experience within FMCG, Retail, Manufacturing, or Distribution sectors is preferred.
- Hands-on experience with operational and process audits rather than solely financial or statutory audits.
- Proven expertise auditing inventory management, warehouse operations, procurement, supply chain, and finance processes.
- Professional certifications such as ACCA, CA, CIA, or CISA will be considered an advantage.
- Monthly compensation starting from Rs. 140,000.00.
- This is an in-person position requiring attendance at the designated work location.

This role offers the opportunity to contribute significantly to organizational risk management and operational excellence through rigorous audit practices and process improvements.