Manager-Internal Audit

About the Role

We are seeking a qualified and detail-oriented Internal Audit professional to strengthen the organization's governance, risk management, and internal control framework. The role will be responsible for conducting internal audits, evaluating internal financial controls, supporting statutory audits, and ensuring compliance with applicable accounting and regulatory requirements. The incumbent will work closely with corporate and plant teams to drive control effectiveness, process improvements, and risk mitigation initiatives.

Key Responsibilities

Internal Audit & Risk Management

• Plan and execute internal audit assignments across corporate and manufacturing operations.
  
• Review business processes, identify control gaps, and recommend corrective actions.
  
• Develop and maintain Risk Control Matrices (RCM) for key business processes.
  
• Perform Test of Design (TOD) and Test of Effectiveness (TOE) of internal controls.
  
• Monitor implementation of audit recommendations and track closure of audit observations.
  

Internal Financial Controls (IFC / ICOFR)

• Evaluate and test Internal Controls over Financial Reporting (ICOFR).
  
• Ensure effectiveness of key controls and support management in strengthening the internal control environment.
  
• Coordinate with process owners to address control deficiencies and implement remediation plans.
  

Statutory Audit & Compliance

• Support statutory auditors by providing required documentation, schedules, and control testing results.
  
• Ensure compliance with applicable accounting standards, including Ind AS.
  
• Assist in addressing audit observations and regulatory compliance requirements.
  

Inventory & Operational Audits

• Participate in physical inventory verification and stock audits.
  
• Review inventory controls, valuation processes, and inventory management practices.
  
• Conduct operational audits to improve efficiency and process compliance.
  

Taxation

• Support compliance and audit activities related to Direct and Indirect Taxes.
  
• Coordinate with relevant stakeholders for tax-related audits, assessments, and reconciliations.
  

Stakeholder Management & Reporting

• Coordinate with corporate functions and plant teams on audit and compliance matters.
  
• Prepare audit reports, presentations, and management summaries.
  
• Present audit findings, control observations, and improvement initiatives to senior management and leadership teams.
  

Key Performance Indicators (KPIs)

• Timely completion of internal audit assignments as per the approved audit plan.
  
• Successful testing and documentation of internal financial controls.
  
• Effective closure of audit observations within agreed timelines.
  
• Quality and accuracy of audit reports and recommendations.
  
• Timely support provided during statutory audits.
  
• Reduction in control deficiencies and process risks.
  
• Successful implementation of corrective and preventive actions.
  

Candidate Profile

Education

• Chartered Accountant (CA) – Mandatory
  

Experience

• 5–8 years of experience in Internal Audit, Internal Controls, Statutory Audit, or Risk Management.
  
• Experience in manufacturing organizations preferred.
  

Technical Competencies

• Internal Audit methodologies and frameworks.
  
• Risk Control Matrix (RCM), Test of Design (TOD), and Test of Effectiveness (TOE).
  
• Internal Financial Controls (IFC/ICOFR).
  
• Statutory Audit and Ind AS compliance.
  
• Inventory audits and stock verification.
  
• Direct and Indirect Tax exposure.
  
• Strong analytical and reporting skills.
  

Behavioral Competencies

• Strong attention to detail and problem-solving ability.
  
• Effective stakeholder management and communication skills.
  
• Team-oriented approach with ability to work across functions.
  
• High level of integrity, ownership, and professional ethics.
  

Reporting Structure

Reports To: Finance Controller / Head – Finance

Team Management

• Manage and guide junior audit team members and support staff as required.