Legal and Compliance Officer

JITO; Surat; Hybrid; INR 600,000 - 1,000,000; Full time

Job summary

RANLY CORPORATE ADVISORY PVT LTD Surat is seeking a MidLevel Internal Audit & Risk Advisory professional to independently plan, execute, and deliver assignments across the client portfolio, covering process reviews, internal financial controls, statutory and management reporting.

You will lead field teams, own client relationships at the operating level, and operate in a hybrid work model in Surat, ensuring timely delivery of engagements and adherence to quality standards.

Responsibilities

• Audit Planning & Scoping: prepare the annual internal audit plan on a risk-assessment basis, aligned to client cycles and audit committee expectations.
• Execution — Process Audits: cover procure-to-pay, order-to-cash, inventory, fixed assets, payroll, treasury, statutory compliance and internal controls.
• Reporting & Deliverables: draft observation sheets with condition, criteria, cause, consequence, and recommendation; discuss findings with process owners and agree action plans.

Job description

RANLY CORPORATE ADVISORY PVT LTD Surat Posted about 20 hours ago Updated about 20 hours ago

Job Type: FullTimePermanent

Location: Surat

Work Mode: Hybrid

Experience: MidLevel

Travel Requirements: WHENVER REQUIRED

Skills:

To independently plan, execute and deliver internal audit and risk advisory assignments across the firm's client portfolio — covering process reviews, internal financial controls, statutory and management reporting — while leading field teams and owning the client relationship at the operating level.

Responsibilities

Audit Planning & ScopingPrepare the annual internal audit plan on a risk-assessment basis, mapped to the client's business cycles and audit committee expectationsDraft the engagement letter scope, audit programme, checklists and sampling approach for each assignmentEstimate timelines, budgeted hours and team deployment; monitor realisation against budgetExecution — Process AuditsProcure-to-pay: vendor selection, rate comparatives, purchase orders, GRN-to-invoice three-way matching, advance ageing, vendor master hygieneOrder-to-cash: credit policy adherence, price master controls, sales returns, debtor ageing, collection efficiency, credit note approvalsInventory and stores: physical verification, cut-off procedures, slow-moving and non-moving analysis, scrap disposal, consumption norms and BOM varianceFixed assets: capitalisation policy, CWIP ageing, asset tagging, physical verification, disposal approvals, depreciation reviewPayroll and HR: attendance-to-payroll reconciliation, statutory dues (PF/ESI/PT), full-and-final settlements, ghost employee testingTreasury and banking: bank reconciliations, cash controls, borrowing covenants, DP statement vs books, interest recomputationStatutory compliance review: GST (ITC eligibility, 17(5), RCM, GSTR-2B reconciliation), TDS sections and rates, Companies Act and labour law complianceInternal Financial ControlsDocument processes through narratives, flowcharts and RCMs; identify control gaps and design deficienciesDesign and perform test of design and test of operating effectiveness; conclude on IFC adequacy under Sec. 143(3)(i)Assist statutory audit teams on IFC reporting and CARO clause coverage where the firm handles bothReporting & DeliverablesDraft observation sheets with condition, criteria, cause, consequence and recommendation; quantify financial impact wherever measurableDiscuss findings with process owners, obtain management responses and agree action plans with owners and timelinesPresent