Executive / Assistant Manager - Internal Audit

Rosetta Hospitality; Varca; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Rosetta Hospitality in Varca, Goa seeks an Executive/Assistant Manager - Internal Audit to lead comprehensive financial audits across hotel operations and ensure regulatory compliance. The role focuses on risk mitigation, control improvements, and accurate reporting to senior management.

The incumbent will drive efficiency, monitor income and expenses, payroll processes, and project accounting while upholding transparency and accountability within auditing practices.

Qualifications

• In-depth audit and financial analysis skills.
• Knowledge of regulatory requirements and compliance.
• Analytical mindset for risk identification and mitigation.
• Process improvement focus across income, expenses, payroll, projects.

Responsibilities

• Conduct in-depth financial audits and analysis across operations.
• Ensure compliance with policies and regulatory requirements.
• Identify and mitigate financial and operational risks.
• Monitor and optimize income, expenses, payroll, and project processes for efficiency.
• Provide actionable insights and recommendations to management on financial controls.
• Maintain transparency and integrity in auditing practices.

Job description

Executive / Assistant Manager - Internal Audit

4-8

Elements by Rosetta, Varca , Goa

Full-Time

General Responsibilities:

• Conduct in-depth financial audits and analysis across various business operations.
• Ensure compliance with organizational policies and regulatory requirements.
• Identify and mitigate financial and operational risks.
• Monitor and optimize process improvements in income, expenses, payroll, and project management areas to enhance efficiency and accuracy.
• Provide actionable insights and recommendations to management for improved financial control.
• Maintain transparency and integrity in auditing processes while fostering a culture of accountability.

Specific Responsibilities:

Income Audit

• Analyse debtor aging reports and ensure periodic review by management.
• Verify adherence of all offers of credit, discounts and complimentary are approved by the approving authority as per the BRISOP.
• Perform variance analysis between budgets, actuals, and previous year’s figures.
• Audit OTA/DTA and Corporate Contracts, rates, and commissions.
• Validate cancellation/refund approval matrices and complimentary service voucher processes.

Expense Audit

• Perform detailed variance analysis between budgets, actuals, and previous year’s figures.
• Review creditor aging reports and ensure they are periodically monitored.
• Audit timely payment processes for MSME vendors.
• Conduct a comprehensive review of MIS, trial balance, and reconciliations for transactions and related-party schedules.
• Verify all documents and certifications related to payments.
• Ensure compliance with statutory requirements, including OTA/DTA contract terms and commission structure audits.

Store Reconciliation

• Ensure effective inventory management and oversee pricing and costing processes.
• Audit rate finalization as per BRISOP.
• Analyze wastages, spoilages, and breakages, ensuring strict controls.
• Verify consumption and sales data against store inventory records.
• Monitor high-consumption and high-cost items for better cost control.
• Conduct in-depth analysis of food cost reports to identify discrepancies.
• Conduct sample payroll audits monthly from each unit.
• Verify leave data, attendance records, and statutory contributions (such as PF, ESIC, etc.) for the sampled employees.
• Audit shared service salary distribution as per the guidelines.
• Verify loans and advances, and review full and final settlements for employees who have left the organization

Statutory Compliance Verification

• Verify GST input credits and contractor-paid GST as per the due dates & GST related compliances for regulation payments.
• Review the adherence to applicable statutory regulations, including ESIC, PF & and other local taxes by verifying contributions, filings, and timely remittances.
• Verify Income Tax compliance, ensuring accurate TDS (Tax Deducted at Source) deductions, timely remittance, and filing of returns.
• Oversee approval of budget and analyse comparative quotation matrices (L1 & L2).
• Ensure alignment of processes with BRISOP guidelines.
• Certify payments and study DCP for approval.
• Monitor clearance of payments and adherence to approving authority guidelines.

Projects

• Review comparative quotation matrices (L1, L2, L3 process) for accuracy and necessary cost vs quality optimization.
• Certify RA (Running Account) and ensure timely deduction of advances/materials.
• Oversee Joint Measuring certifications, penalties & deductions before certifying payments for ongoing projects.
• Audit DLP (Defects Liability Period) release as per BRISOP guidelines.
• Maintain and monitor separate contract sheets for labour and materials.
• Ensure NT (Non-Tendered) items are tracked appropriately and the necessary documentation is maintained to eliminate any un-tendered/unplanned expenses.