Job Description: Internal Auditor
Position Summary
The Internal Auditor will be responsible for evaluating and improving the effectiveness of risk management, control, and governance processes across our network of schools. This role involves conducting comprehensive financial, operational, and compliance audits across multiple campuses to ensure financial integrity, safeguard assets, and verify strict adherence to educational regulations and internal institutional policies.
Key Responsibilities
1. Financial & Operational Auditing
- Fee Management & Revenue Assurance: Audit fee structures, collection mechanisms, concessions, waivers, and outstanding receivables across campuses to eliminate leakage.
- Procurement & Vendor Management: Review purchasing cycles, vendor contracts, construction/renovation expenses, and AMC (Annual Maintenance Contracts) for school infrastructure.
- Payroll & HR Compliance: Verify payroll processing, teacher/staff attendance logs, statutory compliance (PF, ESIC, taxation), and recruitment documentation.
- Asset Verification: Conduct periodic physical verification of fixed assets across campuses (smart boards, lab equipment, furniture, vehicles) and school inventory (textbooks, uniforms, cafeteria supplies).
2. Regulatory & Compliance Oversight
- Educational Boards: Ensure absolute compliance with affiliation board norms (e.g., CBSE, ICSE, IB, or state boards) regarding infrastructure, safety, and faculty ratios.
- Safety & Legal Mandates: Audit campus compliance with mandatory student safety guidelines, fire safety norms, transport regulations, and local municipal laws.
- Grants & Trust Funds: Monitor the utilization of specialized educational grants, CSR funds, or trust scholarships to ensure they are spent exactly as stipulated.
3. Risk Assessment & Process Improvement
- Formulate a risk-based annual internal audit plan specific to the nuances of multi-campus school management.
- Identify process bottlenecks in school administration and recommend automation or workflow fixes to boost efficiency.
- Investigate any suspected internal fraud, financial irregularities, or breaches of institutional ethics.
4. Reporting & Governance
- Prepare clear, objective, and timely audit reports highlighting observations, risks, and actionable recommendations.
- Present findings directly to the Management, Audit Committee, or Board of Trustees.
- Conduct follow-up audits to track the implementation of previously agreed-upon corrective actions by school principals and administrative heads.
Qualifications & Experience
- Education: Bachelor’s degree in Accounting, Finance, Business Administration, or Commerce.
- Professional Certification: Certified Internal Auditor (CIA), Chartered Accountant (CA), or Certified Public Accountant (CPA) is highly preferred.
- Experience: 3–6 years of experience in internal auditing. Direct experience working within the education sector or a network of schools/universities is a massive plus.
- Systems Knowledge: Familiarity with School Management Software / ERPs (e.g., Fedena, Enterprise ERPs) and accounting software like Tally or QuickBooks.
Key Competencies & Skills
- Stakeholder Management: Ability to communicate tactfully with a wide range of personalities—from school principals and trustees to administrative clerks and vendors.
- Analytical Mindset: High attention to detail with the ability to spot trends, anomalies, and systemic gaps across different school locations.
- Mobility: Willingness to travel frequently to different school campuses within the region for on-site audits.
- Discretion & Integrity: Absolute commitment to confidentiality and ethical standards when handling sensitive institutional data.
Pay: ₹28,000.00 - ₹30,000.00 per month
Benefits:
Work Location: In person
