General Responsibilities:
> Conduct in-depth financial audits and analysis across various business operations.
> Ensure compliance with organizational policies and regulatory requirements.
> Identify and mitigate financial and operational risks.
> Monitor and optimize process improvements in income, expenses, payroll, and project management areas to enhance efficiency and accuracy.
> Provide actionable insights and recommendations to management for improved financial control.
> Maintain transparency and integrity in auditing processes while fostering a culture of accountability.
Specific Responsibilities:
Income Audit
> Analyse debtor aging reports and ensure periodic review by management.
> Verify adherence of all offers of credit, discounts and complimentary are approved by the approving authority as per the BRISOP.
> Perform variance analysis between budgets, actuals, and previous year’s figures.
> Audit OTA/DTA and Corporate Contracts, rates, and commissions.
> Validate cancellation/refund approval matrices and complimentary service voucher processes.
Expense Audit
> Perform detailed variance analysis between budgets, actuals, and previous year’s figures.
> Review creditor aging reports and ensure they are periodically monitored.
> Audit timely payment processes for MSME vendors.
> Conduct a comprehensive review of MIS, trial balance, and reconciliations for transactions and related-party schedules.
> Verify all documents and certifications related to payments.
> Ensure compliance with statutory requirements, including OTA/DTA contract terms and commission structure audits.
Store Reconciliation
> Ensure effective inventory management and oversee pricing and costing processes.
> Audit rate finalization as per BRISOP.
> Analyze wastages, spoilages, and breakages, ensuring strict controls.
> Verify consumption and sales data against store inventory records.
> Monitor high-consumption and high-cost items for better cost control.
> Conduct in-depth analysis of food cost reports to identify discrepancies.
Payroll Verification
> Conduct sample payroll audits monthly from each unit.
> Verify leave data, attendance records, and statutory contributions (such as PF, ESIC, etc.) for the sampled employees.
> Audit shared service salary distribution as per the guidelines.
> Verify loans and advances, and review full and final settlements for employees who have left the organization
Statutory Compliance Verification
> Verify GST input credits and contractor-paid GST as per the due dates & GST related compliances for regulation payments.
> Review the adherence to applicable statutory regulations, including ESIC, PF & and other local taxes by verifying contributions, filings, and timely remittances.
> Verify Income Tax compliance, ensuring accurate TDS (Tax Deducted at Source) deductions, timely remittance, and filing of returns.
NC Capex (Non-Project)
> Oversee approval of budget and analyse comparative quotation matrices (L1 & L2).
> Ensure alignment of processes with BRISOP guidelines.
> Certify payments and study DCP for approval.
> Monitor clearance of payments and adherence to approving authority guidelines.
Projects
> Review comparative quotation matrices (L1, L2, L3 process) for accuracy and necessary cost vs quality optimization.
> Certify RA (Running Account) and ensure timely deduction of advances/materials.
> Oversee Joint Measuring certifications, penalties & deductions before certifying payments for ongoing projects.
> Audit DLP (Defects Liability Period) release as per BRISOP guidelines.
> Maintain and monitor separate contract sheets for labour and materials.
> Ensure NT (Non-Tendered) items are tracked appropriately and the necessary documentation is maintained to eliminate any un-tendered/unplanned expenses.
