JGM - Internal Audit

Key Responsibilities

• Develop and execute the annual internal audit plan based on business risks and management priorities.
• Lead risk-based audits covering finance, operations, sales, procurement, inventory, HR, projects and other business functions.
• Evaluate the adequacy and effectiveness of internal controls, policies and operating procedures.
• Identify control weaknesses, process gaps, financial risks, compliance issues and potential areas of leakage.
• Conduct process, operational, financial and compliance audits across locations/business units.
• Review transactions, systems, processes and supporting documentation to ensure accuracy and compliance.
• Assess adherence to company policies, SOPs, delegated authority and statutory requirements.
• Review inventory, procurement, vendor management, revenue, expenses, receivables and other key risk areas.
• Identify opportunities for cost optimization, loss prevention, process improvement and operational efficiency.
• Investigate suspected fraud, irregularities, financial leakages and policy violations as required.
• Prepare comprehensive audit reports highlighting observations, root causes, risk implications and recommendations.
• Discuss audit findings with process owners and senior management and agree on corrective action plans.
• Monitor and report the status of audit observations and ensure timely closure of agreed actions.
• Conduct follow-up audits to validate implementation and effectiveness of corrective measures.
• Develop and maintain an effective internal control framework in coordination with business functions.
• Use data analytics and audit tools to identify unusual transactions, trends and potential risks.
• Coordinate with Statutory Audit, Internal Audit consultants, Tax, Compliance and other assurance functions where required.
• Present significant audit findings, risk areas and action status to senior management/Audit Committee.
• Ensure audit activities are conducted objectively, independently and in accordance with professional standards.
• Lead, mentor and develop the internal audit team.
• Continuously improve audit methodologies, processes, reporting formats and risk-assessment techniques.

Key Skills

• Strong knowledge of internal audit and risk-based auditing.
• Internal controls and process-risk assessment.
• Financial and operational audit.
• Fraud detection and investigation.
• Risk management and governance.
• Strong analytical and data interpretation skills.
• Excellent report-writing and presentation skills.
• Ability to challenge processes and influence senior stakeholders.
• Strong understanding of accounting and financial processes.
• Good knowledge of ERP systems, MS Excel and audit/data-analytics tools.
• Strong leadership, communication and team-management skills.

Qualification & Experience

• CA / CIA / CMA / MBA Finance / relevant professional qualification preferred.
• 12–18 years of experience in Internal Audit, Risk, Controls, Finance or related functions.
• Proven experience in leading risk-based audits and managing audit teams.
• Experience in multi-location or diversified business environments will be an advantage.

Key Performance Indicators (KPIs)

• Completion of approved annual audit plan.
• Timely issuance of audit reports.
• Quality and relevance of audit observations.
• Identification and mitigation of significant business risks.
• Timely closure of audit observations.
• Reduction in recurring control weaknesses.
• Cost-leakage and process-improvement opportunities identified.
• Fraud/irregularity detection and prevention.
• Effectiveness of internal-control improvements.
• Stakeholder satisfaction and Audit Committee reporting quality.