Internal Audit Executive 03D25

An Internal Audit Executive plays a pivotal role in providing independent assurance that an organization's risk management, governance, and internal control processes are operating effectively. The role requires a high level of integrity, analytical skills, and a thorough understanding of financial systems. An Internal Audit Executive is tasked with evaluating and improving the effectiveness of risk management, control, and governance processes. This position involves working collaboratively with various departments to initiate audits, assess results, and recommend improvements. Staying updated with regulatory requirements and trends in internal auditing is vital to align organizational strategies with compliance objectives.

Responsibilities

• Develop and implement internal audit plans with specific objectives and scopes.
• Conduct risk assessments to identify areas of potential business risk exposure.
• Evaluate the organization's internal control systems and recommend improvements.
• Review financial statements to ensure accuracy and compliance with regulations.
• Liaise with department managers to obtain necessary audit documentation and data.
• Prepare detailed audit reports with results, conclusions, and recommendations for management.
• Monitor the implementation of audit recommendations by following up with departments.
• Provide guidance and training to team members on audit procedures and regulations.
• Stay informed about changes and updates in laws and auditing industry standards.
• Facilitate communication between the audit committee and management for better understanding.
• Ensure audits are conducted in accordance with established professional standards.
• Support external auditors during their review with necessary documentation and findings.

Requirements

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• Professional certification such as CIA, CPA, or CA required for credibility.
• Minimum of five years of experience in auditing or a relevant financial field.
• Strong analytical and problem-solving skills, with keen attention to detail.
• Excellent communication skills to present findings and recommendations clearly.
• Ability to work independently and manage multiple priorities and deadlines.
• Proficiency in computer applications, especially in data analytics and auditing software.