Job openings for Internal Audit Manager in Ahmedabad Cantonment Ahmedabad

Job Description: Internal Audit Manager
Role Overview: The Internal Audit Manager will be responsible for evaluating the adequacy and effectiveness of the company’s internal control systems across key operational and financial functions. You will ensure that processes-ranging from Procurement to HR-are compliant with internal policies, SOPS and statutory regulations.
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1. Procurement to Payment (P2P) & Logistics
• Vendor Management: Audit the vendor lifecycle, including registration, ERP master data maintenance, and periodic evaluation/rating.
• Planning & Requisition: Review procurement planning, budgeting, and Material Requirement Planning (MRP) accuracy.
• Sourcing & Purchasing: Verify the integrity of the Indenting process, rate negotiations, and vendor finalization.
• Transaction Lifecycle: Monitor Purchase Order (PO) management, open PO tracking, and the Three-Way Match (Invoice, PO, GRN) for payment approvals.
• System Integrity: Review User Access Management (UAM) procedures within the procurement modules of the ERP in line with approval hierarchy.
2. Inventory & Stores Management
• Receipt & Quality: Audit material receipt procedures (Gate Entry, QC, and GRN) to ensure quality and quantity accuracy.
• Stock Controls: Evaluate material issuance protocols and verify adherence to inventory norms (Min/Max and Safety Stock levels).
• Asset Protection: Review the physical verification (stocktaking) process and ensure adequate insurance coverage for inventory. Surprise stock audit once in month on central stores.
• Efficiency: Identify and report on slow-moving or non-moving stock; monitor the status of materials sent on a returnable basis.
3. Finance, Accounts & Reporting
• Compliance & Policy: Ensure adherence to the Accounts SOP and established accounting policies.
• Budgetary Control: Audit budgeting processes and approval workflows for both Opex and Capex.
• General Ledger: Conduct GL scrutiny, review Chart of Accounts maintenance, and verify bank/inter-company reconciliations.
• Period-End Processes: Audit for quarter results, accruals, provisions, prepaid expenses, and depreciation.
• Financial Integrity: Oversee the Financial Statement closure process and controls over cash and advances on quarterly basis.
4. Statutory Compliances
• Framework Review: Evaluate the effectiveness of the existing statutory compliance framework and tracking mechanisms.
• Taxation: Audit the status of key Direct and Indirect Tax compliances.
• Reporting: Verify the maintenance of compliance calendars/checklists and review quarterly sign-offs for Board-level reporting.
5. HR & Payroll Operations
• Employee Lifecycle: Verify the integrity of employee master agreements, attendance tracking, and leave management.
• Compensation: Review payroll processing, reconciliation, and salary disbursement for accuracy and security.
• Performance & Exit: Audit the performance appraisal process and ensure Full and Final (F&F) settlements follow exit management procedures.
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Key Requirements
• Experience: 5 years in Internal Audit
• Education: CA, Inter CA, or equivalent.
• Skills: Strong understanding of ERP systems (SAP/Oracle/Microsoft), data analytics, and risk assessment frameworks.