Internal Auditor - NBFC - CA

Internal Auditor - NBFC

Location: [Mumbai, maharashtra]

Job Summary: We are seeking a highly qualified and versatile Internal Auditor with expertise in Accounting, Taxation, Audit, Legal, and Secretarial Compliance for our RBI-governed Non-Banking Financial Company (NBFC). The successful candidate will lead internal audit initiatives, ensuring compliance with regulatory requirements and industry standards across diverse financial and legal aspects.

Key Responsibilities:

1. Accounting and Financial Audits:

- Conduct comprehensive financial audits to ensure accuracy and compliance with Ind AS.

- Assist in the development and maintenance of the annual audit plan, with a focus on Ind AS-related audits.

- Review financial statements, ledgers, and accounting processes to identify areas for improvement.

2. Taxation Compliance:

- Ensure adherence to tax regulations, including direct and indirect taxes.

- Coordinate with tax advisors, prepare tax returns, and facilitate tax audits as required.

3. Legal and Secretarial Compliance:

- Stay updated on changes in the legal and regulatory landscape, particularly those governed by the Reserve Bank of India (RBI).

- Ensure compliance with RBI guidelines, legal requirements, and secretarial standards applicable to NBFCs.

- Conduct periodic reviews of legal documentation, contracts, and agreements to ensure compliance.

4. Internal Audits:

- Plan, execute, and lead internal audits covering accounting, taxation, legal, and secretarial compliance.

- Identify and assess risks related to non-compliance and develop strategies for mitigation.

- Collaborate with cross-functional teams to implement corrective actions based on audit findings.

5. Regulatory Reporting:

- Prepare and submit timely and accurate regulatory reports to the RBI and other relevant authorities.

- Ensure compliance with reporting requirements outlined by the RBI and maintain documentation for audit purposes.

6. Risk Assessment:

- Conduct risk assessments related to accounting, taxation, and legal compliance.

- Implement measures to mitigate identified risks and ensure alignment with RBI guidelines.

7. Documentation and Recordkeeping:

- Maintain comprehensive and organized documentation related to financial, legal, and secretarial compliance.

- Ensure the accuracy and completeness of records required for regulatory audits and inspections.

8. Training and Awareness:

- Conduct training sessions to enhance awareness of financial, legal, and secretarial compliance requirements among staff.

- Provide guidance to internal stakeholders on RBI guidelines and regulatory expectations.

9. Collaboration with Legal and Compliance Teams:

- Work closely with the legal and compliance teams to address regulatory issues and implement changes as required.

- Liaise with external legal advisors as needed to ensure alignment with legal best practices.

10. Audit Reporting:

- Prepare detailed audit reports outlining findings, recommendations, and action plans related to financial, legal, and secretarial compliance.

- Present audit reports to senior management, the board, and regulatory authorities as necessary.

Qualifications:

1. Education: CA (Chartered Accountant)

2. Experience:

- years of experience in internal audit, accounting, taxation, legal compliance, or company secretarial functions within RBI-governed NBFCs.

- In-depth knowledge of RBI regulations and guidelines pertaining to NBFCs.

3. Skills:

- Strong understanding of accounting principles, taxation laws, and legal framework.