Position Title: Business Internal Audit - Team Member
Qualification: Chartered Accountant
Work Experience: 4 to 6 years
Location: Prabhadevi, Mumbai
Purpose:
The Business Internal Audit – Team member is responsible for
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Independently executing High Quality Internal Audit of the business & Enterprise Functions providing independent, objective assurance to the Senior Management, and the Audit Committee through the Business Audit Team Lead, on the effectiveness of internal controls, governance and risk management frameworks.
Desired Profile
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Strong understanding of business process, risk, controls and governance
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Experience with ERP systems (SAP/Oracle) and data analytics
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Strong analytical, communication and stakeholder management skills
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High integrity, independence and professional judgment
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Ability to independently drive audits end-to-end
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Strong problem-solving and risk identification skills
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Effective communication with senior management
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Proactive, learning-oriented mindset with focus on value creation.
1. Audit Execution
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Plan and execute audits independently as per approved audit plan.
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Perform walkthroughs, process mapping, and control testing (design & operating effectiveness).
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Prepare workpapers, RCMs, and audit documentation in line with standards.
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Conduct field visits (plants/sites) and complete audits within timelines.
2. Risk & Control Assessment
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Evaluate governance, risk management, and internal controls across:
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Financial
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Operational
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Compliance
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Technology processes
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Identify control gaps, red flags, and inefficiencies.
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Perform root-cause analysis and assess risk exposure.
3. Reporting & Recommendations
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Draft audit observations, risk ratings, and reports.
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Provide practical, value-driven recommendations with clear ownership and timelines.
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Support preparation of management presentations and Audit Committee updates.
4. Follow-up & Closure
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Track audit actions and validate closure of findings.
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Ensure timely implementation of recommendations.
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Escalate delays or recurring issues appropriately.
5. Value Creation
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Identify opportunities for:
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Cost savings
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Process improvements
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Automation and standardization
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Quantify financial impact (loss prevention, revenue improvement).
6. Stakeholder Management
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Engage with process owners and leadership to ensure smooth audit execution.
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Influence stakeholders for timely resolution of issues.
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Act as a trusted advisor on risk and control matters.
7. Data Analytics & Technology
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Use data analytics and automation in audits.
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Support adoption of digital tools and continuous monitoring.
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Provide assurance on IT, digital, and cyber risks.
8. Special Assignments
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Support fraud investigations, control breakdown analysis, and special reviews.
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Coordinate with external internal auditors where required.
