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.
  

Requirements

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.