Branch Internal Auditor

Muthoot Fincorp Limited; Bengaluru; On-site; INR 600,000 - 900,000; Full time

Job summary

MUTHOOT FINCORP LTD is seeking an Internal Auditor to conduct audits across MFL branches in Karnataka. The role requires extensive travel and strict confidentiality in handling financial documents and transactions.

The incumbent will verify deposits, debentures, loans, salary records, and branch statements, ensuring compliance with internal controls and statutory requirements. Travel will be a significant component of the role.

Qualifications

• Experience in internal audits across multiple branches.
• Ability to travel extensively and maintain confidentiality.
• Knowledge of bank documents and statutory records.

Responsibilities

• Conduct internal audits at all MFL branches as per the department program.
• Verify deposits, secured debentures, and interest receipts.
• Verify bank transactions and cheque utilization.
• Verify gold loan documents and related stamps.
• Verify staff salary records and recover excess payments if any.
• Report unauthorized payments and seek ex post facto approvals when needed.
• Maintain branch records and registers per standing instructions.

Skills

Internal audit

Traveling

Job description

BRANCH INTERNAL AUDITOR A Job Specification

• 1 Company Name : MUTHOOT FINCORP LTD
• 2 Position / Designation : INTERNAL AUDITOR
• 3 Grade : B2
• 4 Department : INTERNAL AUDITOR & QUALITY ASSURANCE
• 5 Employment Type : Probation > Permanent
• 6 Reporting to – Designation & Grade : MANAGER-AUDIT - INTERNAL AUDITOR & QUALITY ASSURANCE
• 7 Areas of Responsibility : To Conduct internal Audit in all MFL Branches as per the program given from the Department. The job involves extensive traveling and confidentiality is to be maintained very strictly. Verification of Documents of Fixed Deposits/Secured Debentures and their interest payments Verification of Documents of Secured Loans/Part Withdrawals and their interest receipts Verification of Bank transactions and utilization of Cheque Verification of Gold Loan Notice Documents and utilization of stamps Verification Leave records and other Statutory records of Staff maintained by the branch Verification of Salary payment records of staff and recovery of excess payments, if any made Verification of Incentive payment records under various schemes to staff and recovery of excess payments, if any Verification of Reconciliation statements of HO/RO Accounts Verification of Gold Loan Documents i.e. Pledge & Release Documents Verification of Documents of Swarna varsham Loans disbursed Verification of various Daily, Weekly & Monthly Statements of Branch Vouching of various Receipts &Payments of Branch with Day Book Verification of authorization of various payments and Reporting of any unauthorized payments for which ex post facto approval is required Verification of Western Union money transfer documents Verification of Auction Documents Verification of various Registers/Records/Files to be maintained by the Branch as per the standing instructions and as per circulars issued from time to time.
• 8 Job Location / State : Karnataka