https://www.apsynergy.co.in Vacancy Mon, 15 Jun 2026 16:30:56 +0530 en-us https://www.apsynergy.co.in https://www.apsynergy.co.in/job-openings-for-internal-audit-manager-ahmedabad-cantonment-ahmedabad-1418765.htm https://www.apsynergy.co.in/job-openings-for-internal-audit-manager-ahmedabad-cantonment-ahmedabad-1418765.htm Sat, 28 Mar 2026 00:00:00 +0530 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. ________________________________________ 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. ________________________________________ 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.