Internal Audit

Job Profile & Responsibilities:

• Pre audit of Purchase order, ensure that PO is validated after checking of quotation, NFA, DOFP, material specification, payment terms and other clause, statutory compliance, PR, stock position, option to transfer the stock & looking to consumption pattern.
• Pre audit of work order, ensure that WO is validated after checking of quotation, NFA, DOFP, cost sheet, SR, statutory compliance etc.
• Pre audit of the invoices passed by the Accounts Payable Department through invoice portal. Ensure that invoices are validated after checking of related purchase/work order payment terms, penalty/deduction clause, vendor ledger etc.
• Completion of PO and WO within a timeline provided.
• Effectively maintain the daily activity status update of the purchase order and work order and invoices validated.
• Coordinate with Users, Stores & Purchase team for completion of purchase order, work order and invoice validation.
• Provide support while performing internal audit assignment in various areas.
• Actively involved in Purchase audit assignment.
• Provide timely input for departmental MIS which includes Tracking & consolidation of all activities carried out
• Independently drafting the internal audit report, ensuing that the issues are adequately communicated and is supported with facts.
• Execute special assignments and report findings & recommendations to management.
• Discussion of Internal Audit Report with Concerned departments for Management replies and Action Plan.
• Assisting HOD during review of vigilance/Investigation Audit.
• Evaluation of management actions on previous audit reports and drafting of Action Taken Report.
• Provide inputs to strengthen standard operating procedures (SOP), company policies, SAP controls & delegation of powers.
• Working towards prevention and detection of frauds.
• Assisting to prepare audit findings to HOD.
• Execute any other assignment as and when given by management / HOD

Other requirements:

• Inter CA/ Inter ICWA /CA/ICWA (5 to 7 year of experience and 2 to 3 years related experience will prefer).
• Extensive experience of Manufacturing, Steel / Process / Power Industry.
• Excellent Analytical, Communication and Presentation skills.
• High Integrity and Ethical standards.
• Track of past performance.
• Willing to travel as per the business requirements.