Internal Audit Manager

BudgetCFS Terminals Pvt. Ltd.; Mumbai; On-site; INR 600,000 - 1,200,000; Full time

Job summary

BudgetCFS Terminals Pvt. Ltd. is looking for an Internal Audit Manager based in Sanpada, Navi Mumbai. This role involves ensuring compliance and integrity of financial transactions while conducting audits and verifying vendor invoices within the logistics sector.

The ideal candidate will possess a CA, CMA, or MBA in Finance and have 2-5 years of relevant experience in internal audit in logistics or CFS settings. Strong knowledge of GST and TDS compliance is essential.

Qualifications

• 2–5 years in internal audit, preferably in Logistics / CFS / Bonded Warehouse / Supply Chain industry.
• Strong audit background and knowledge of statutory compliance.

Responsibilities

• Verify vendor invoices relating to logistics services.
• Conduct routine and surprise audits across operations.
• Review accounting entries and identify process gaps.
• Prepare audit findings and MIS reports.

Skills

Strong understanding of GST

Knowledge of logistics billing

Strong analytical skills

Detail-oriented problem-solving

Education

CA / CMA / MBA Finance / M.Com

Tools

ERP / Tally / accounting systems

Job description

Internal Audit Manager

Industry: Logistics / Bonded Warehouse / CFS
Location: Sanpada, Navi Mumbai
Reporting To: CEO / MD

Position Overview

The Internal Audit Manager will be responsible for ensuring accuracy, compliance, and integrity of all financial transactions within the organisation. The role includes verification of vendor invoices, supporting documents, statutory compliance, and internal processes prior to payment. The candidate should have strong knowledge of logistics operations, bonded warehouse/CFS activities, GST, TDS, and accounting procedures.

Key Responsibilities

1. Invoice & Document Verification

• Verify vendor invoices related to transportation, warehousing, handling, CHA, freight, manpower, and other logistics services
• Check supporting documents such as contracts, work orders, gate passes, job sheets, PODs, weighbridge slips, warehouse records, and customs documents
• Ensure rate applicability as per agreements or purchase orders before approval
• Identify discrepancies, duplicate billing, excess claims, and non-compliance issues
• Ensure proper authorization and approval matrix is followed

2. Internal Audit & Compliance

• Conduct routine and surprise audits across CFS, warehouse, and logistics operations
• Verify GST compliance including tax invoice format, correct HSN/SAC, place of supply, and RCM applicability
• Check TDS applicability and ensure correct deduction before payments
• Review vendor master, ledger scrutiny, and payment processes
• Monitor statutory records, licenses, bonded warehouse documentation, and customs compliance
• Ensure adherence to company policies and SOPs

3. Financial Controls

• Review accounting entries related to vendor invoices, provisions, reversals, advance adjustments, and month-end closing
• Identify process gaps and recommend corrective actions
• Coordinate with finance teams for vendor account reconciliation
• Monitor credit notes, debit notes, outstanding advances, and ageing reports

4. Operational Process Audit

• Understand end-to-end logistics operations including import/export, storage, transportation, handling, billing, and customer contracts
• Review CFS and warehouse processes such as receipts, dispatch, storage records, gate control, stock movement, and customs documentation
• Audit manpower deployment, overtime validation, and contractor billing

5. Reporting & Follow-Up

• Prepare audit findings and MIS reports with actionable recommendations
• Ensure timely follow-up and closure of audit observations
• Coordinate with operations, accounts, and management teams for process improvements

Qualifications & Experience

• Education: CA / CMA / MBA Finance / M.Com with strong audit background
• Experience: 2–5 years in internal audit, preferably in Logistics / CFS / Bonded Warehouse / Supply Chain industry

Technical Skills

• Strong understanding of GST, TDS, and statutory compliance
• Knowledge of logistics billing, warehousing, transportation, and CFS operations
• Familiarity with ERP / Tally / accounting systems
• Strong analytical, verification, and documentation skills

Soft Skills

• Detail-oriented with strong problem-solving abilities
• Good communication and coordination skills
• Ability to work independently and conduct field audits
• High integrity and professional ethics

Key Competencies

• Vendor Invoice Verification
• Statutory Compliance (GST, TDS)
• Internal Audit & Controls
• Logistics & CFS Operational Knowledge
• Risk Assessment
• Process Improvement
• Reporting & Documentation