Job Designation: Internal Audit Executive
Industry : Banking and Financial Services (BFSI); Education; Social Enterprises
Location : Bangalore
Reporting to : Internal Audit Manager
Travel Quotient : 60% (outstation)
Job Description :
- Assist the Internal Audit Manager in developing the audit programme, and assist in the day to day execution of internal audits within and outside the head office;
- Conduct internal audit of various branch offices and perform school inspections as per the audit programme and collect, collate and present the audit documentation to the Internal Audit Manager.
- Contribute to the Internal Audit(IA) function by identifying risks associated with business objectives and by preparing comprehensive audit checklists for various areas covered under internal audit.
Specific Responsibilities :
Planning :
- Assists the Manager, Internal Audit in the development of the audit program. Estimate the audit universe and the effort involved for each of the areas selected for audit.
- Participate along with the Internal Audit Manager in the opening meetings with the auditee and develop audit checklists for each of the processes / areas based on the inputs of the auditee.
- Develop a thorough understanding of business processes in scope for assigned audits and document the processes in flowcharts and/or process narratives.
Fieldwork :
- Develop various test plans by selecting appropriate audit approach,test procedures and sampling criteria based on professional judgment and audit methodology of the department.
- Regularly visit branch offices and schools to conduct various types of audits and inspections.
- Perform audit tests of various functional areas in accordance with the approved audit checklist and prepare working papers.
- Evaluate the adequacy of process design and the effectiveness of controls in meeting branch level business and control objectives and provide evidential support for findings.
- Organize and reference working papers for review by Internal Audit Manager.
Reporting :
- Participate in closing meetings with school correspondents and branch managers at the end of fieldwork, providing clear explanations for identified issues.
- Prepare discussion drafts for the audit reports which clearly bring out the findings and recommendations of audits and submit these drafts to the Internal Audit Manager in a timely manner.
Other Responsibilities :
- Supports the Manager, Internal Audit in the development and implementation of the evolving IA methodology at the field / transaction level.
- Provide consultative support to branches and departments with regard to the adequate design and execution of risk management processes.
- Develops and maintains effective and professional working relationships with all levels of staff within the organization, including Internal Audit Manager and Internal Audit Head.
Preferred Profile :
Knowledge and Experience :
- Has completed Intermediate Level of any professional course (CA / CWA / CMA) or is a Bachelor of Commerce (BCOM) from a reputed institution.
- Professional course candidate who has completed Articleship / Internship Training from a reputed firm. BCOM candidate should have 2 to 3 years of audit experience (in the Financial Services Industry preferred).
- Working knowledge of professional Internal Auditing Standards regarding planning, testing, sampling and documentation.
- Current knowledge of tax legislations and labor laws (Service Tax, TDS, PF, PT etc.) would be an added advantage.
- Well-developed skills through formal training in Tally ERP 9 & MS Office (building macros preferred).
Skills and Attributes :
- Diligent, methodical and has a logical approach to identifying and evaluating issues.
- Strong analytical & multi-tasking capability and can work independently with minimum supervision.
- Good interpersonal and reporting skills with a proven ability to communicate effectively (both written and verbal).
- Enjoys travelling and is multi-linguistic.
Organizational Competencies :
- Unquestioned personal integrity with strong ethics and values consistent with company's culture. Displays awareness of the need for confidentially in sensitive matters.
- Building partnerships with co-workers within a team oriented environment and willing to learn and apply coaching in the quest to achieve organizational goals.
- Demonstrates the desire to continually grow, learn and develop skills and knowledge through external and internal education, training and cross-training opportunities.
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