Senior Process Lead - Post Payment Audit

McKinsey & Company, Inc.; Chennai District; On-site; INR 1,200,000 - 2,200,000; Full time

Benefits offered by this job

Competitive salary

Comprehensive benefits

Global community

Continuous learning

Job summary

McKinsey & Company in Chennai seeks a seasoned audit professional to join a team of expense auditors and investigators. You will audit firm-billed transactions, scrutinize receipts and correspondence, and validate business justifications with data-driven analysis.

You will compile findings, write audit reports for Senior Leadership, and contribute to process improvements with basic data analytics. The role offers exposure to global practices and growth opportunities within a supportive

Qualifications

• Bachelor's degree in Accounting/Auditing/Finance
• 7+ years of experience in a shared service environment or audit firm
• Knowledge on Fraud & Investigation will be an added advantage (CFE preferred)
• Guide peer members and mentor them in their daily audits by tracking progress at work.
• Sound understanding of audit theories, principles, and practices
• Use logic to analyze new audit scenarios and document procedures
• Deal with ambiguity comfortably and have sound audit judgmental abilities
• Establish new controls in the process and streamline any manual efforts
• Contribute towards process improvement and automation (Basic knowledge of data analytics will be an added advantage)

Responsibilities

• Audit and lead audits on firm-billed transactions and expense-related issues.
• Scrutinize receipts, mails, and supporting documents for validity.
• Analyze reports from expense tools and vendors; perform internet validation of business reasons.
• Write audit reports to Senior Leadership and provide evidence for HR, Legal, and committees.
• Identify cost trends and patterns; propose mitigations and process improvements.

Skills

Fraud & Investigation

Mentoring peers

Audit theory & practices

Data analytics basics

Education

Bachelor's degree in Accounting/Auditing/Finance

Job description

Do you want to do work that matters, alongside supportive leaders who will help you grow faster than you ever thought possible? Are you a creative problem-solver who is energized by challenges? You’ve come to the right place.

YOUR IMPACT

You will work with a team of expense auditors and investigators on finance-related issues and perform/lead audits on firm billed transactions of individuals whose name figures in the risk scoring model. You will scrutinize supporting documentation like receipts and mails, analyze reports from expense reporting tools and vendors, and perform research on the internet to validate the business reason of certain expenses. You will seek clarifications from colleagues on expenses and be responsible for assessing the adherence to different office policies. You will Identify trends/patterns of questionable expenses, validate new enhancements in expense reporting tools, liaise with partner teams on new rollouts of vendor services in different cities, and stabilize the process. Ensure audit deliverables for the team are completed on the agreed timelines. Highlight any process issues and come with the proposed solution on mitigating the same. Work collaboratively with partnering teams on any data quality issues, validating fixes and following up diligently to ensure issues are resolved. Upon completion of audits, you will compile all the findings, write audit reports to Senior Leadership, office Finance and may also provide supporting evidence of the findings if needed to Human Resources, Legal, and Professional Standards Committee outlining the issue. Finally, you will suggest additional algorithms whenever required in the risk scoring model to enhance the audit efficiency.

YOUR GROWTH

You are someone who thrives in a high-performance environment, bringing a growth mindset and entrepreneurial spirit to tackle meaningful challenges that have a real impact. In return for your drive, determination, and curiosity, we’ll provide the resources, mentorship, and opportunities to help you quickly broaden your expertise, grow into a well-rounded professional, and contribute to work that truly makes a difference. When you join us, you will have:

• Continuous learning:Our learning and apprenticeship culture, backed by structured programs, is all about helping you grow while creating an environment where feedback is clear, actionable, and focused on your development. The real magic happens when you take the input from others to heart and embrace the fast-paced learning experience, owning your journey.
• A voice that matters:From day one, we value your ideas and contributions. You’ll make a tangible impact by offering innovative ideas and practical solutions, all while upholding our unwavering commitment to ethics and integrity. We not only encourage diverse perspectives, but they are critical in driving us toward the best possible outcomes.
• Global community:With colleagues across 65+ countries and over 100 different nationalities, our firm’s diversity fuels creativity and helps us come up with the best solutions. Plus, you’ll have the opportunity to learn from exceptional colleagues with diverse backgrounds and experiences.
• Exceptional benefits:On top of a competitive salary (based on your location, experience, and skills), we provide a comprehensive benefits package to enable holistic well-being for you and your family.

YOUR QUALIFICATIONS AND SKILLS

• Graduate in Accounting/Auditing/Finance, or related discipline
• 7+ years of experience in a shared service environment or audit firm
• Knowledge on Fraud & Investigation will be an added advantage (CFE preferred)
• Guide peer members and mentor them in their daily audits by tracking progress at work.
• Sound understanding of audit theories, principles, and practices
• Use logic to analyze new audit scenarios and document procedures
• Deal with ambiguity comfortably and have sound audit judgmental abilities
• Establish new controls in the process and streamline any manual efforts
• Contribute towards process improvement and automation (Basic knowledge of data analytics will be an added advantage)

FOR U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law.

FOR NON-U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity employer. For additional details regarding our global EEO policy and diversity initiatives, please visit our McKinsey Careers and Diversity & Inclusion sites.