Internal Auditor

Thrivus Partners; Pune District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Thrivus Partners in Pune, India, is seeking an Internal Auditor with 3–5 years of experience to independently evaluate internal controls, risk management, and compliance across finance, operations and processes. You will plan and execute audits, review SOPs and policies, test transactions, and report findings to senior management, while maintaining documentation and confidentiality.

Proficiency in Excel, SAP/ERP, and data analytics tools, plus strong analytical and communication skills, are

Qualifications

• Strong knowledge of accounting and auditing.
• Good understanding of internal controls and risk management.
• Excellent Excel/SAP/ERP skills.
• Knowledge of statutory and regulatory compliance.

Responsibilities

• Prepare and execute the annual and quarterly internal audit plan based on risk assessment.
• Conduct audits of Finance, Purchase, Sales, Stores, Inventory, Production, HR, Payroll, Projects, Logistics and other functions.
• Perform process reviews and transaction testing to assess controls.
• Identify gaps, irregularities, leakages, fraud risks and process inefficiencies.
• Maintain proper audit working papers and supporting documentation.
• Review SOPs, policies, delegation of authority and internal controls.
• Identify deficiencies and assess their impact.
• Recommend measures to strengthen internal controls.
• Evaluate implementation of management controls and monitor weaknesses.
• Participate in risk assessment with a risk-based approach.
• Review Purchase-to-Pay, Order-to-Cash, Inventory, Fixed assets, Cash/bank, Payroll, etc.
• Review operational efficiency and identify cost-reduction opportunities.
• Examine wastage, scrap, rejections, production losses and abnormal consumption.
• Assess inventory ageing and obsolescence.
• Review procurement practices and vendor selection.
• Check compliance with Companies Act, GST, income tax, labour laws, accounting standards.
• Ensure compliance with company policies and approvals.
• Track non-compliances and report significant issues.
• Identify potential fraud indicators and unusual transactions.
• Conduct special audits as directed by management or the Audit Committee.
• Analyze suspicious transactions and control failures contributing to fraud.
• Maintain confidentiality in investigations.
• Review SAP access controls and data integrity; use analytics for testing and reporting.
• Develop reports to identify unusual transactions and exceptions.

Skills

Auditing

Internal controls

Risk management

Analytical thinking

Communication skills

Excel

SAP/ERP

Data analytics

Education

Semi-qualified CA

Commerce graduate

Tools

SAP/ERP

Excel

Power BI

SQL

Job description

Vacancy for Internal Auditor in manufacturing company.

Job Description – Internal Auditor

Position: Internal Auditor

Department: Finance & Accounts (Internal Audit )

Reporting to: CFO / Board of Directors

Experience: 3-5 years in internal audit

Education: Semi qualified CA or any Commerce Graduate

1. Job Purpose

To independently evaluate the company's internal controls, processes, risk management, compliance and financial/operational activities, identify control weaknesses and process inefficiencies, and recommend corrective actions to improve governance, cost effectiveness and operational performance.

2. Key Responsibilities

A. Internal Audit Planning & Execution

• Prepare and execute the annual and quarterly internal audit plan based on risk assessment.
• Conduct audits of Finance, Purchase, Sales, Stores, Inventory, Production, HR, Payroll, Projects, Logistics and other functions.
• Perform process reviews and transaction testing to assess adequacy and effectiveness of controls.
• Identify gaps, irregularities, leakages, fraud risks and process inefficiencies.
• Maintain proper audit working papers and supporting documentation.
• Review existing SOPs, policies, delegation of authority and internal controls.
• Identify control deficiencies and assess their financial and operational impact.
• Recommend practical measures to strengthen internal controls.
• Evaluate implementation of management controls and monitor recurring weaknesses.
• Participate in risk assessment and maintain a risk-based audit approach.

Review, among others: Purchase-to-Pay cycle, Order-to-Cash cycle, Inventory and stores, Fixed assets, Cash and bank transactions, Expenses and employee claims, Vendor payments, Customer collections, Journal entries and provisions, Capital expenditure, Payroll and employee-related payments.

D. Operational Audit

• Review operational efficiency and utilization of company resources.
• Identify opportunities for cost reduction and productivity improvement.
• Review wastage, scrap, rejections, production losses and abnormal consumption.
• Examine inventory ageing, slow-moving and obsolete items.
• Review procurement practices, vendor selection and purchase price variations.

E. Compliance Audit

• Check compliance with applicable Companies Act, GST, Income Tax, labour laws, accounting standards and other applicable statutory requirements.
• Review compliance with company policies and management approvals.
• Track statutory and regulatory non-compliances and report significant issues.
• Identify potential fraud indicators and unusual transactions.
• Conduct special audits/investigations as assigned by management or the Audit Committee.
• Analyse suspicious transactions and identify control failures contributing to fraud.
• Maintain confidentiality while handling sensitive investigations.

G. ERP / SAP & Data Analytics

• Review controls within SAP/ERP systems.
• Check user access, authorization levels and segregation of duties.
• Use Excel, Power BI, SQL or other analytical tools for transaction testing and exception reporting.
• Develop analytical reports to identify unusual transactions, duplicate payments, unusual vendor/customer activity and other exceptions.

H. Audit Reporting

• Prepare clear and concise internal audit reports.
• Classify observations based on risk/priority.
• Discuss findings with process owners and obtain management responses.

I. Follow-up & Corrective Actions

• Monitor implementation of agreed audit recommendations.
• Report overdue corrective actions to senior management.
• Highlight repeated or unresolved control deficiencies.

3. Required Skills

• Strong knowledge of accounting and auditing.
• Good understanding of internal controls and risk management.
• Strong analytical and problem-solving skills.
• Excellent Excel/SAP/ERP skills.
• Knowledge of statutory and regulatory compliance.
• Ability to identify fraud indicators.
• Good report-writing and communication skills.
• Ability to independently interact with senior management and functional heads.
• Professional skepticism and high level of integrity/confidentiality.