Job Title : Internal Audit Executive
Company : Edhas Biofuel Refinery Pvt. Ltd.
Experience : 2 to 4 Years
Location : Pal, Adajan, Surat
Job Summary
We are looking for a detail-oriented Internal Audit Executive to strengthen our internal control systems and ensure compliance across Procurement, Sales, Stores, Finance, and other business functions. The ideal candidate should have experience in operational and process audits within a manufacturing environment, with strong analytical skills and the ability to identify risks, process gaps, and improvement opportunities.
Key Responsibilities
1. Procurement Audit
i. Audit procurement processes including vendor selection, RFQs, purchase orders, approvals, and contract compliance.
ii. Verify purchase transactions, pricing, supporting documents, and procurement records.
iii. Ensure procurement activities comply with company policies, SOPs, and approval matrices.
iv. Identify process gaps, risks, and opportunities for cost optimization.
2. Sales & Commercial Audit
i. Review sales orders, invoices, pricing approvals, discounts, and dispatch documentation.
ii. Verify compliance with sales policies and authorization procedures.
iii. Identify revenue leakage, billing discrepancies, and control weaknesses.
iv. Ensure proper documentation and adherence to commercial processes.
3. Inventory & Stores Audit
i. Conduct periodic audits of inventory, stores operations, and stock movements.
ii. Verify GRNs, material issues, stock transfers, and inventory reconciliation.
iii. Participate in physical stock verification and investigate inventory variances.
iv. Review inventory controls, slow-moving stock, and material handling procedures.
4. Finance & Operational Audit
i. Review operational transactions, expense claims, vendor payments, and supporting documents.
ii. Verify adherence to financial controls, approval authorities, and internal policies.
iii. Assist in identifying operational inefficiencies, process risks, and control deficiencies.
iv. Support investigations into discrepancies, exceptions, and irregular transactions.
5. Compliance & Internal Controls
i. Ensure compliance with company policies, SOPs, and internal control procedures.
ii. Evaluate the effectiveness of internal controls across departments.
iii. Recommend corrective and preventive actions to improve operational efficiency.
iv. Follow up on audit observations and ensure timely closure of audit findings.
6. Audit Reporting & Documentation
i. Prepare audit reports with observations, risk assessments, and recommendations.
ii. Maintain audit documentation, working papers, and evidence records.
iii. Present audit findings and corrective action status to management.
iv. Prepare periodic MIS reports and support continuous process improvement initiatives.
Requirements
· Bachelor's or Master's degree in Commerce, Finance, Accounting, Business Administration, or equivalent (B.Com, M.Com, MBA Finance preferred).
· Knowledge of internal auditing, operational audits, inventory audits, procurement audits, and process compliance.
· Understanding of manufacturing processes and internal control systems.
· Working knowledge of ERP/SAP or similar business management software will be an added advantage.
· Strong knowledge of MS Excel, Word, and other Microsoft Office applications
Skills Required
· Internal Audit & Operational Audit
· Risk Assessment & Internal Controls
· Process Improvement & SOP Compliance
· Financial & Transaction Verification
· Documentation & Report Writing
· Attention to Detail
· Communication & Stakeholder Coordination
· Time Management and Organizational Skills
Pay: From ₹360,000.00 per year
Work Location: In person
