The Internal Audit Manager is responsible for planning, leading, and executing the organization's internal audit function to ensure effective governance, robust internal controls, regulatory compliance, and operational efficiency. The role involves evaluating financial and operational processes, identifying risks, recommending corrective actions, and supporting management in strengthening internal control systems across all centres and departments.
Key Responsibilities
- Develop and implement the annual internal audit plan based on organizational risk assessments.
- Lead, supervise, and mentor the Internal Audit team to ensure effective audit execution.
- Allocate audit assignments and monitor timely completion of audit activities.
- Conduct and review internal audits across branches, projects, and departments.
- Evaluate the effectiveness of internal control systems and recommend process improvements.
- Verify accounting records, supporting documents, and financial transactions for accuracy and compliance.
- Review cash management, bank reconciliations, inventory controls, fixed assets, procurement, and other financial processes.
- Ensure compliance with applicable statutory regulations, including Income Tax, TDS, GST, EPF, ESI, and other regulatory requirements.
- Prepare comprehensive audit reports highlighting observations, risks, and actionable recommendations.
- Monitor and follow up on the implementation of audit findings and corrective actions.
- Perform risk assessments and identify areas requiring management attention.
- Review financial statements, reconciliations, and key accounting schedules.
- Audit compliance with organizational policies, Standard Operating Procedures (SOPs), and approval authorities.
- Support management in strengthening governance frameworks and internal control mechanisms.
- Coordinate with external auditors, statutory auditors, and regulatory authorities as required.
- Maintain the highest level of confidentiality, integrity, and professional ethics in all audit activities.
- Train, mentor, and guide audit team members to enhance audit quality and operational efficiency.
- Recommend process improvements, automation initiatives, and best practices to improve organizational effectiveness.
