Job Description – Audit Executive (General Ledger Audit – Small Finance Bank)
Audit Executive – General Ledger Audit
Location - Belapur, Navi Mumbai
Experience:* 1–3 Years
*Qualification:*
* B.Com / M.Com / MBA (Finance) / CA Inter / CMA Inter
* Experience in banking audit will be preferred.
## Job Summary
We are looking for a detail-oriented Audit Executive to perform General Ledger (GL) audits of a Small Finance Bank. The candidate will be responsible for reviewing accounting entries, validating GL balances, identifying unusual transactions, ensuring compliance with RBI guidelines, and assisting in preparation of audit reports.
## Key Responsibilities
### General Ledger Audit
* Verify daily General Ledger (GL) transactions.
* Review debit and credit entries for accuracy.
* Identify unusual, suspense, and abnormal balances.
* Verify proper accounting of income and expenditure.
* Review manual journal entries and supporting documents.
* Check inter-branch and office account reconciliations.
* Verify suspense accounts, sundry assets, and sundry liabilities.
* Review outstanding and long-pending entries.
### Compliance Review
* Ensure compliance with RBI Master Directions and bank policies.
* Verify adherence to accounting standards and internal controls.
* Review GL mappings and account classifications.
* Report deviations from accounting policies.
### Reconciliation & Analysis
* Review GL reconciliation statements.
* Verify ageing of unreconciled balances.
* Analyse movement in major GL heads.
* Review month-end and year-end adjustment entries.
### Documentation
* Prepare audit working papers.
* Maintain audit evidence and supporting documents.
* Draft audit observations with root cause and recommendations.
* Assist in preparation of audit reports.
### Coordination
* Coordinate with branch and HO finance teams.
* Follow up for pending documents and responses.
* Discuss audit observations with concerned officials.
## Required Skills
* Good understanding of accounting principles.
* Knowledge of banking operations.
* Understanding of General Ledger accounting.
* Analytical and problem-solving skills.
* Good communication skills.
* Proficiency in Microsoft Excel (Pivot Tables, VLOOKUP/XLOOKUP, SUMIFS, filtering, data analysis).
* Ability to work independently and meet deadlines.
## Preferred Skills
* Experience in Bank Concurrent Audit, Statutory Audit, or Internal Audit.
* Knowledge of CBS (Finacle/FinOne/infor or similar Core Banking Systems).
* Familiarity with RBI circulars applicable to banks.
* Experience in GL scrutiny and reconciliation.
## Key Areas of Review
* Income Leakage
* Interest Accounting
* Suspense Accounts
* Office Accounts
* Sundry Assets & Liabilities
* Inter Branch Accounts
* Provision Entries
* Manual Journal Entries
* Exceptional Transactions
* Reversal Entries
* Dormant GLs
* Expense Booking
* Revenue Recognition
## Deliverables
* Daily/Weekly GL Review Sheet
* Exception Report
* GL Reconciliation Review
* Audit Working Papers
* Risk Observation Report
* Monthly Audit Report
## Preferred Candidate Profile
* Strong attention to detail.
* High level of integrity and confidentiality.
* Ability to analyse large volumes of accounting data.
* Willingness to travel to branches, if required.
* Team player with a proactive approach.
Pay: ₹25,000.00 - ₹35,000.00 per month
Work Location: In person
