Manager - Finance & Accounts (Internal Control)

Vmart; Gurugram District; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

Vmart is seeking a seasoned professional to own IFC/ICFR, SOPs, internal audit coordination and risk governance in Gurugram.

You will build control frameworks, drive continuous monitoring, coordinate audits, and collaborate with Finance, IT and Store Operations to embed strong controls. The role requires hands-on experience in risk assessment and data analytics.

This senior position offers growth and enterprise-wide governance exposure in a dynamic retail environment.

Qualifications

• Knowledge of internal controls and risk management concepts.
• Experience mapping processes and designing controls.
• Ability to coordinate audits and remediation actions.
• Familiarity with ERP data and analytics tools.

Responsibilities

• Own the IFC/ICFR framework by maintaining narratives, RCMs and entity-level controls for key processes.
• Plan and perform periodic design and operating-effectiveness testing; document results and remediation plans.
• Coordinate testing with management and support auditors to ensure timely closure of findings.
• Draft, review and update SOPs and policies; maintain document control and approvals.
• Conduct process walkthroughs to identify control gaps and recommend improvements.
• Embed controls at design stage for new processes and initiatives.
• Serve as single point of coordination with outsourced internal auditors; track action plans.
• Produce control-health and audit-status reports for governance bodies.
• Drive adoption of AI-enabled audits and continuous automated control monitoring.
• Collaborate with Finance, IT, Merchandising, Supply Chain, Stores and HR to ensure practical controls.

Skills

Internal controls

Risk management

Audit coordination

Process improvement

Data analytics

Tools

ERP systems

AI-enabled audits

Job description

Primary responsibilities:

Internal Financial Controls (IFC) & ICFR

• Own the IFC/ICFR framework by maintaining process narratives, Risk & Control Matrices (RCMs) and entity-level controls for all key processes (procure-to-pay, order-to-cash, inventory, payroll, fixed assets, treasury, financial reporting).
• Plan and perform periodic design and operating-effectiveness testing of key controls, document test results and report deficiencies with root cause and remediation plans.
• Coordinate management testing and support the statutory auditors' IFC review, ensuring timely closure with no material weaknesses.

SOPs, Policies & Process Improvement

• Draft, review and update Standard Operating Procedures and company policies (including Delegation of Authority and approval matrices) in consultation with process owners, and maintain document control, versioning and approvals.
• Conduct process walkthroughs across HO, stores and warehouses to identify control gaps, inefficiencies and duplication, and recommend practical improvements.
• Review new processes, systems and business initiatives (e.g., new store formats, integrations, omnichannel processes) to embed controls at the design stage.

Internal Audit Coordination & Action Tracking

• Act as the single point of coordination with the outsourced internal auditors: help finalise the risk-based annual audit plan, facilitate data and access, and review draft observations with process owners.
• Track management action plans for internal, statutory and other audit observations, follow up with owners and validate closure with evidence.
• Prepare audit status and control-health reports for the Lead, CFO and Audit Committee.
• Drive adoption of AI-enabled audits, continuous automated control monitoring (CACM) and audit automation to identify exceptions, emerging risks and control gaps proactively.
• Build comprehensive understanding of key risks, controls, audit matters and governance requirements.

Risk Management & Governance

• Support the Enterprise Risk Management framework: maintain the risk register, coordinate risk assessments with functions and track mitigation plans for the Risk Management Committee.
• Prepare presentations, MIS and supporting papers on internal controls and risk for Audit Committee and Risk Management Committee meetings.
• Support governance mechanisms such as the whistle-blower/vigil mechanism, code of conduct compliance and related party transaction review, in coordination with Secretarial and Legal.

Continuous Controls Monitoring & Analytics

• Build data-driven exception reports and dashboards (e.g., duplicate payments, vendor master changes, SoD conflicts, inventory variances, store cash differences) using ERP data and analytics tools.
• Review ERP user access, segregation of duties and IT general controls with the IT team.
• Conduct special reviews and investigations assigned by the Lead, including fraud-risk and shrinkage-related reviews, and recommend corrective actions.

Stakeholder Management

• Work closely with Finance, Accounts, Merchandising, Supply Chain, Store Operations, HR and IT so that controls are practical, understood and followed.