Team Member, internal Audit

About the Role

Team Member - internal Audit - CA fresher is responsible for conducting internal audits across business units, ensuring compliance with the Companies Act, performing control testing, and identifying areas for process improvements. Additionally, this role manages specific internal reviews requested by promoters or top management, supporting the organization’s commitment to regulatory compliance and operational efficiency.

Key Responsibilities

Audit and Compliance

• Conduct internal audits according to the approved audit plan, with a focus on compliance with internal policies and regulatory requirements as outlined in the Companies Act.
• Ensure adherence to company policies, standards, and regulatory guidelines, documenting any instances of non-compliance and reporting them to the Audit Lead.
• Track and follow up on corrective actions from previous audits, ensuring timely resolution of identified issues and updating status reports for management review.

Risk and Internal Control Assessment

• Identify potential operational and compliance risks during audits, communicating them to the Audit Lead for consideration in risk management strategies.
• Propose enhancements to strengthen internal controls and improve operational processes, contributing to risk mitigation within business units.
• Test and evaluate the effectiveness of internal controls within key business processes, identifying control gaps or weaknesses and recommending improvements.

Internal Reviews

• Conduct specific internal reviews as requested by promoters or top management, coordinating efforts to provide insights and address identified concerns.
• Ensure that all reviews are conducted with strict confidentiality, maintaining the integrity and accuracy of findings in alignment with executive expectations.

Reporting and Stakeholder Communication

• Compile detailed reports on audit findings and special review outcomes, highlighting key issues, non-compliance areas, and actionable recommendations.
• Communicate audit results and recommendations to relevant stakeholders within business units, fostering a culture of compliance and continuous improvement.
• Provide accurate data on audit performance, compliance status, and corrective actions for use in audit metrics and departmental reports.

Key Stakeholders

• Internal: Business CEOs, Business CFOs, Business HODs, Group Finance Team, Group Legal Team
• External: Audit Agencies, Regulatory Bodies

Requirements & Tech Stack

• CA fresher (Chartered Accountant)
• Familiarity with Companies Act compliance.
• Experience in control testing.
• Ability to identify process improvements.
• Skills in conducting internal audits.
• Understanding of risk management strategies.
• Proficiency in reporting and stakeholder communication.