Branch Internal Auditor

Muthoot Fincorp Limited; Nelamangala; On-site; INR 450,000 - 650,000; Full time

Job summary

MUTHOOT FINCORP LTD in Karnataka seeks an INTERNAL AUDITOR to support branch audits across locations. The role involves extensive travel, confidentiality, and adherence to internal controls.

The position reports to Manager-Audit and Quality Assurance. Key tasks include verification of fixed deposits, secured loans, bank transactions, salary and incentive payments, and maintaining statutory records.

Responsibilities

• Extensive traveling for branch audits and strict confidentiality across all branches.
• Verification of documents related to Fixed Deposits, Secured Debentures, and their interest payments.
• Verification of Secured Loans, part withdrawals, and their interest receipts; bank transactions.
• Verification of Gold Loan documents, pledge and release documents, and related stamps.
• Maintenance and verification of staff attendance, salary payments, recoveries, and incentives as applicable.
• Reconciliation of HO/RO accounts and branch day-to-day financial statements.

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