Internal Process Audit & Compliance

Objectives of this role

• Conducting internal audits to evaluate the effectiveness of financial controls, risk management systems and operational processes(PR,PO,AP,AR,R2R,other finance functions)
• Assessing and ensuring the companys compliance with applicable laws, regulations and company policies in India.
• Providing management with accurate and timely reports on financial audit findings, including recommendations for improvement.
• Giving independent and objective assessments of the organization's operations, financial statements and internal controls.
• Proposing recommendations to enhance operational efficiency and identifying other areas of improvement.
• Collaborating with cross-functional teams to develop and implement risk management strategies.

Your tasks

• Plan and execute audit engagements, including data analysis and testing.
• Review financial statements and supporting documentation.
• Evaluate internal control systems and ensure adherence to applicable Indian laws.
• Perform risk assessments and internal control evaluations and detect discrepancies.
• Identify and investigate potentially fraudulent activities or financial irregularities.
• Prepare and present audit reports to stakeholders and shareholders.
• Collaborate with external auditors during statutory audits and regulatory compliance assessments.
• Monitor the implementation of audit recommendations and execute remedial actions.
• Stay updated with the latest industry regulations and best practices in internal auditing.

Required skills and qualifications

• Bachelors degree in finance, accounting or a related field.
• Professional certification, such as CIA (Certified Internal Auditor) or CA (Chartered Accountant).
• 10+ years of experience in internal auditing or related financial roles.
• Strong understanding of Indian accounting standards, taxation and regulatory requirements.
• Proficiency in using audit management software and data analysis tools.
• Experience in developing and executing audit plans and evaluating internal control systems.
• Proficiency in preparing and reviewing financial documents and audit reports.
• Strong communication and interpersonal skills to effectively collaborate with stakeholders at all levels.
• Excellent analytical, problem-solving and critical-thinking skills.
• Ability to work independently or in a team.
• Working knowledge of MS Office applications (Excel, PPT, Outlook).
• Excellent verbal and written communication skills.
• Strong ethical standards and a commitment to maintaining confidentiality.
• Candidates from CA firms will also be preferred.