Job Description (JD) – Internal Auditor (Manufacturing)
Job Title: Internal Auditor
Department: Internal Audit
Industry: Construction Chemicals / Manufacturing
Reporting To: Vice President
Experience: 3–5 Years
Qualification:
- Chartered Accountant (CA) – Preferred
- Cost & Management Accountant (CMA)
- Certified Internal Auditor (CIA) – Added Advantage
- MBA (Finance) or B.Com/M.Com with relevant manufacturing audit experience
Job Summary
We are seeking a detail-oriented and analytical Internal Auditor to evaluate the effectiveness of internal controls, financial processes, operational efficiency, statutory compliance, and risk management within our manufacturing operations. The role involves conducting independent audits across finance, inventory, procurement, production, sales, and compliance functions, while ensuring adherence to company policies and regulatory requirements.
The Internal Auditor will report directly to the Vice President and work independently from day-to-day operations.
Key ResponsibilitiesA. Financial Audit
- Verify accounting records and financial transactions.
- Review bank reconciliations.
- Audit accounts receivable and payable.
- Verify fixed assets and capital expenditure.
- Review journal entries and general ledger transactions.
- Ensure timely statutory payments, including GST, TDS, PF, ESIC, and other applicable compliances.
B. Inventory Audit
- Conduct physical stock verification.
- Evaluate inventory control systems.
- Review slow-moving, non-moving, and obsolete inventory.
- Verify inventory valuation methods.
- Monitor stock shortages, excesses, and inventory adjustments.
C. Purchase Audit
- Review procurement policies and purchase procedures.
- Verify vendor selection and approval processes.
- Compare purchase prices with approved rates and contracts.
- Audit Purchase Orders (POs), Goods Receipt Notes (GRNs), and supplier invoices.
- Review supplier payments and compliance.
D. Sales Audit
- Verify sales invoices and supporting documentation.
- Review dispatch and delivery records.
- Ensure pricing approvals are properly authorized.
- Monitor customer credit limits and outstanding receivables.
- Verify GST compliance in sales transactions.
E. Production Audit
- Audit production records and manufacturing processes.
- Monitor raw material consumption against standards.
- Review wastage, scrap generation, and yield analysis.
- Evaluate production planning and operational efficiency.
- Compare actual consumption with standard consumption.
F. Cost Audit Support
- Verify product costing methodologies.
- Review labour and manufacturing overhead costs.
- Analyse production cost variances.
- Support management in cost optimization initiatives.
G. Compliance Audit
Ensure compliance with:
- Companies Act
- GST
- Income Tax
- TDS
- Labour Laws
- Factory Act
- Pollution Control Regulations
- Environmental, Health & Safety (EHS) Standards
H. Internal Controls
- Evaluate approval hierarchies.
- Review segregation of duties.
- Verify authorization controls.
- Assess maker-checker mechanisms.
- Review ERP access controls and IT security measures.
I. Risk Management
- Identify financial and operational risks.
- Recommend improvements to internal controls.
- Evaluate fraud risks.
- Review business continuity plans.
- Assess cybersecurity risks related to finance and operations.
J. Operational Audit
- Review manufacturing efficiency.
- Analyse machine utilization.
- Evaluate manpower productivity.
- Audit maintenance practices.
- Review warehouse and logistics operations.
K. Fraud Prevention
- Investigate unusual financial and operational transactions.
- Identify control weaknesses.
- Review employee reimbursement claims.
- Detect duplicate or fictitious vendors.
- Monitor cash handling procedures.
L. Reporting
- Prepare monthly and quarterly internal audit reports.
- Highlight audit observations, risks, and control gaps.
- Recommend corrective and preventive actions.
- Track implementation of audit recommendations.
- Present audit findings to the Vice President and senior management.
Key Performance Indicators (KPIs)
- Completion of audits as per the annual audit plan.
- Timely submission of audit reports.
- Closure rate of audit observations within agreed timelines.
- Reduction in recurring audit findings.
- Improvement in statutory and regulatory compliance.
- Reduction in inventory losses and operational inefficiencies.
- Identification and resolution of fraud risks and control weaknesses.
- Cost savings achieved through audit recommendations.
- Improvement in internal financial controls.
Pay: ₹30,000.00 - ₹40,000.00 per month
Work Location: In person
