Manager/Sr. Manager - Internal audit

RattanIndia Power Limited; Amravati; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

RattanIndia Power Limited seeks an experienced Internal Auditor to lead risk-based audits across manufacturing and power operations. The role requires handling plant audits, process reviews, and financial controls with a focus on identifying gaps and strengthening controls.

The candidate should have 6+ years in internal audit, SAP/ERP knowledge, and strong leadership and communication skills to manage a team and report to management.

Qualifications

• CA/CMA or MBA with relevant internal audit experience in power, infra or manufacturing.
• 6+ years of internal audit experience in manufacturing/infrastructure/power.
• Experience leading a team and reviewing audit assignments.
• Ability to assess internal controls, risks and process improvements.

Responsibilities

• Prepare and execute the risk-based Internal Audit Plan for corporate functions, plants and operations.
• Lead process, operational, financial, concurrent, pre-payment and plant audits.
• Review and report audit findings, ensure timely closure of observations.
• Conduct special audits, investigations and follow-ups with management.
• Develop audit MIS, dashboards and present risks to leadership.

Skills

Excel

MS Word

Internal Controls

Risk Assessment

Audit Methodology

Accounting

Manufacturing Processes

Education

CA / CMA / Inter-CA / CMA / MBA

Tools

SAP/ERP

Job description

Educational Qualification

CA / CMA/Inter-CA/CMA / MBA

Candidates with relevant Internal Audit experience in Power / Infrastructure /

Manufacturing

Experience

6+ years of relevant experience in Internal Audit, preferably in Manufacturing / Infrastructure / Power.

Experience in independently handling process, operational, financial, concurrent, pre-payment and plant/site audits.

Experience in leading a team, reviewing audit assignments and reporting to management.

IT & Technical Skills

Strong knowledge of MS Excel and MS Word.

Good working knowledge of SAP / ERP.

Strong understanding of Internal Controls, Risk Assessment, Audit Methodology, Accounting and Manufacturing Processes.

Ability to analyse financial and operational data and identify exceptions, trends and control weaknesses.

Key Responsibilities

1. Audit Planning & Team Management

Prepare and execute the risk-based Internal Audit Plan covering corporate functions, plants and business operations.

Conduct risk assessment and identify key/high-risk areas for audit coverage.

Allocate assignments, guide team members and review audit working papers and reports.

Ensure timely and quality completion of audit assignments.

2. Internal & Process Audit

Lead process, operational, financial, concurrent, pre-payment and plant audits.

Cover key processes including Procurement/P2P, Accounts Payable, Stores & Inventory, Production, O2C, Vendor Management, Expenses, Plant Operations, Assets, Customer Service, After-Sales, Warranty and Dealer/Service Centre Operations.

Review compliance with company policies, SOPs, statutory requirements, contracts and delegated authority.

Identify control gaps, process weaknesses, financial leakages and compliance deviations and recommend corrective actions.

Periodically verify and reconcile Raw Material, Finished Goods, Stores and Assets.

3. Concurrent & Pre-Payment Audit

Review procurement, service, manpower, expense and other payments before release.

Verify approvals, PO/contract terms, quantities, rates, taxes, supporting documents and payment conditions.

Identify duplicate/unsupported/excess payments and other financial risks.

4. Special Audit & Investigation

Lead special audits, management reviews, whistleblower complaints and investigations as assigned.

Identify irregularities, control failures and financial/operational impact and recommend corrective and preventive actions.

5. Audit Reporting & Follow-up

Review and finalise audit observations and reports prepared by the team.

Ensure observations clearly cover root cause, risk/impact and recommended action.

Present significant risks and audit findings to management.

Maintain Audit MIS, dashboards and observation trackers and ensure timely closure of high-risk and recurring observations.

Behavioural Competencies

Strong leadership, communication, analytical and presentation skills.

Proactive, self-driven and result-oriented approach.

Strong team management and stakeholder management skills.

Ability to manage multiple assignments and meet stringent timelines.

High level of integrity, objectivity, confidentiality and professional judgement.

Willingness to travel and conduct plant/site audits as required.

Key Deliverables

Timely completion of the Risk-Based Internal Audit Plan.

Quality and timely completion of team audit assignments.

Identification and reporting of significant financial, operational and compliance risks.

Effective follow-up and closure of audit observations.

Strengthening of internal controls and reduction of recurring control gaps.

Effective audit coverage of plant, customer, warranty and after-sales processes.

Preferred Candidate Profile

Candidate should have strong practical experience in Internal Audit, Risk & Controls and Manufacturing Operations, with the ability to independently lead audits and manage an Internal Audit team.

Experience in Power / Infrastructure/ Manufacturing along with SAP/ERP and plant audit exposure, will be preferred.

Role & responsibilities