Assistant Manager Internal Audit

Rentomojo; Bengaluru; On-site; INR 1,000,000 - 1,400,000; Full time

Job summary

Rentomojo, based in Bengaluru, is seeking an Assistant Manager for Internal Audit to lead audit activities across the organization. The role involves assessing the effectiveness of internal controls and ensuring compliance with policies and regulations. Candidates should have 4-6 years of relevant experience, a Chartered Accountant qualification, and strong analytical skills. This position plays a crucial role in improving business processes and governance frameworks, making it essential for candidates aiming to drive strategic improvements within Rentomojo.

Qualifications

• 4-6 years of experience in internal auditing, risk management or related fields.
• Experience in leading audits in dynamic environments.
• Excellent analytical, problem-solving, and decision-making skills.

Responsibilities

• Oversee internal audit activities across the organization.
• Develop and implement a risk-based internal audit strategy.
• Lead audit engagements end-to-end, from scope definition to reporting.

Skills

Analytical skills

Problem-solving skills

Decision-making skills

Interpersonal skills

Leadership skills

Education

Chartered Accountant

Bachelor's or Master’s degree in Finance, Accounting, Business

Tools

Advanced Excel

PowerBi

ERP systems

Tally

SQL

Job description

About the Company

We, RentoMojo, were founded by IITM alums and serial entrepreneurs who worked out of almost every major city in India in his first five years of corporate career. Frustrated with the hassles of relocating from one place to the other, and tired of finding that perfect cluster of home essentials that suited their lifestyle.

\"The spending youth, especially the millennials & Gen Z's prefer staying light, desire flexibility and are value conscious. Willing to experiment with new stuff across categories that make life simpler and not boring, these generations are also sensitive to our planet's sustainability. Our customers and employees identify with what we do '', is what Geetansh Bamania, our Founder and CEO has to say.

RentoMojo caters to the needs of the working professionals which is unmet due to nonavailability of furnished rental flats by offering furniture and appliances on rental basis, thus, providing more flexibility than owning the expensive furniture and appliances.

Currently, we have 100,000+ subscribers with a typical rental period of 12-14 months. The current market size (as per a recent report by Grant Thornton) is estimated to be US$ 4.1 Billion and expected to grow to US$ 13 Billion by 2025.

With 700+ people operations, the company has a presence in 16 cities across India. Looking back, Rentomojo has not only made a new market of lease which never existed for the consumer, they have also become market leaders in the consumer rental industry. Unlike the norm, they are now seeing a reverse trend wherein a version of ours is being copied in the US and UK. We are also profitable at monthly PAT since Oct 2021.

Recent Media Coverage: The Economic Times , Feb 24

Role Overview

The Assistant Manager, Internal Audit will play a key role in overseeing and executing internal audit activities across Rentomojo. This position requires a highly analytical and strategic thinker with strong expertise in auditing, risk management, and process optimization. You will be responsible for assessing the effectiveness of internal controls, identifying potential areas of risk, and ensuring compliance with both internal policies and external regulations.

You will work closely with senior leadership, functional heads, and external auditors to drive improvements in processes, controls, and governance frameworks across the organization.

Key Responsibilities

Audit Strategy & Planning

• Develop and implement a risk-based internal audit strategy aligned with the company’s objectives and risk landscape, leveraging data analytics to identify high-risk areas and emerging risks.

• Use data-driven risk assessments, trend analysis, and exception reporting to prioritise audit coverage across business functions.

• Plan, coordinate, and execute audits using analytical insights to ensure key risks, anomalies, and control weaknesses are identified and addressed proactively.

Internal Controls & Risk Management

• Assess the design and operating effectiveness of internal controls across financial, operational, compliance, and IT processes using data analytics and control testing techniques.

• Identify risks, vulnerabilities, anomalies, and control gaps through analytical procedures such as trend analysis, outlier detection, duplicate testing, and rule-based testing.

• Recommend corrective actions to strengthen controls, improve process efficiency, and enhance compliance.

Audit Execution & Reporting

• Lead audit engagements end-to-end, from scope definition and data-driven risk assessment to analytical testing, fieldwork, and final reporting.

• Design and perform audit tests using full-population analytics where feasible, reducing reliance on traditional sampling.

• Prepare clear, concise, and insight-driven audit reports translating analytical findings into practical recommendations.

• Present audit results to senior management and key stakeholders, highlighting root causes, risk impact, and improvement opportunities.

Compliance & Governance

• Monitor compliance with internal policies, legal requirements, and regulatory frameworks through periodic data reviews and automated compliance checks.

• Use analytics to identify non-compliance trends, control breaches, and deviations from financial reporting standards and regulatory requirements.

Process Improvement & Advisory

• Provide value-added insights based on analytical findings to improve business processes, internal controls, and risk management frameworks.

• Advise management on opportunities for automation, control optimisation, cost efficiencies, and risk reduction using data-driven evidence.

External Audit Liaison

• Coordinate with external auditors to align on risk areas, audit scope, and reliance on internal audit and analytical work.

• Provide analytical outputs, control assessments, and supporting documentation to facilitate efficient external audits.

Required Qualifications

Education

• Chartered Accountant

• Bachelor's or Master’s degree in Finance, Accounting, Business, or a related field.

Experience

• Minimum 4-6 years of experience in internal auditing, risk management, or related fields.

• Experience in leading audits in dynamic, fast-paced environments, preferably in a technology-driven or high-growth industry.

Skills & Competencies

• Strong understanding of auditing standards, risk management, internal controls, and compliance requirements.

• Excellent analytical, problem-solving, and decision-making skills.

• Strong interpersonal and communication skills with the ability to present complex information to non-financial stakeholders.

• Ability to manage multiple projects simultaneously and work effectively under pressure.

• Proven leadership skills with the ability to mentor and develop team members.

Technical Skills

• Highly skilled in Advanced Excel, PowerBi or similar software

• Strong knowledge of ERP systems and Tally.

• Knowledge of SQL and macros is a plus

Preferred Qualifications

• Experience in managing audits or risk based roles in a high-growth e-commerce or subscription-based business.

• Exposure to Big6 auditors with independent audit management

• Familiarity with technology and IT audit practices.