LenDenClub - Assistant Manager - Internal Audit & MIS

Assistant Manager - Internal Audit & MIS

Job Responsibilities:

Internal Audit:

- Lead and manage the internal audit of the organization by engaging with the appointed internal auditor, and be fully responsible for completion of internal audit process and obtaining the final internal audit report.

- Conduct comprehensive internal audits to evaluate the adequacy and effectiveness of internal controls, risk management processes, and compliance procedures.

- Plan and execute audit engagements, including data analysis, testing, and reviewing financial statements, accounting records, and operational processes to ensure accuracy, completeness, and adherence to applicable laws, regulations, and industry standards.

- Develop risk-based audit plans and programs that focus on key areas of concern, prioritizing audit activities to ensure maximum coverage of high-risk areas.

- Identify control weaknesses, deficiencies, or irregularities, and provide actionable recommendations for corrective actions and process improvements.

- Perform investigative audits to detect and prevent fraud, misappropriation of assets, or unethical conduct within the organization, taking appropriate steps to mitigate risks.

- Collaborate with departmental heads, stakeholders, and cross-functional teams to implement audit recommendations, develop risk management strategies, and monitor the progress of corrective actions.

- Work closely with external auditors during statutory audits and regulatory compliance assessments to ensure alignment with financial and compliance requirements.

- Monitor the implementation of audit recommendations, ensuring that remedial actions are executed in a timely manner.

- Stay updated on regulatory changes, emerging risks, and industry best practices, particularly in the NBFC, P2P and financial services sectors, ensuring the company complies with relevant legal and regulatory requirements.

- Prepare clear, concise, and timely audit reports summarizing findings, conclusions, and recommendations for management and shareholders, supporting informed decision making.

- Provide training and guidance to staff on internal control procedures, compliance requirements, and ethical standards, promoting a culture of accountability, integrity, and transparency.

- Assist in the development and maintenance of internal audit policies, procedures, and methodologies to ensure consistency, effectiveness, and efficiency in audit processes.

Management Information Statements (MIS):

- Develop, implement, and manage management information statements to support business operations and strategic goals.

- Creation of MIS will include P&L, Balance Sheet and other supplementary periodic documentations based on the business performance.

- Collaborate with various departments for obtaining relevant information in the developing the MIS on periodic basis and timely delivery of the same to various stakeholders.

- Optimize the process, streamline the data collection and collation process to improve the delivery quality and timelines.

- Analyze data to provide insights and recommendations for improving operational efficiency and decision-making.

- Design and maintain reports, dashboards, and performance metrics to track and communicate key business indicators.

- Collaborate with various departments to troubleshoot and resolve issues and ensure seamless integration of MIS solutions.

- Provide training and support to end-users on MIS tools and functionalities.

Finance and Accounting:

- Oversee bookkeeping, accounting entries, and maintain the general ledger.

- Prepare and review trial balances and financial statements to ensure accuracy and compliance.

- Assist in tax compliance activities, including preparation and submission of tax returns.

- Support daily accounting operations, including accounts payable and receivable, and assist in month-end and year-end closing processes.