Job Description Title: Senior Internal Auditor
n Location: Chennai, India
n Travel Frequency: 30% - 40% (International travel to manufacturing bases in the US, Germany, or other subsidiaries as project required)
n Job Description:
n 1. Supply Chain & Procurement Cost Audit (Cost Reduction Core)
n n Procurement Pricing Audit: Conduct deep-dive audits on the procurement channels, bidding compliance, and pricing fairness of core components (such as steel, hydraulic parts, and engines) across bases in India, the US, and Germany.
n Supplier Management Audit: Evaluate supplier admission, performance appraisal, and elimination mechanisms; identify potential conflict of interest or overpriced procurement to uncover supply chain cost-saving opportunities.
n n 2. Lean Manufacturing & Operational Efficiency Audit (Efficiency Enhancement Core)
n n Shop Floor & Production Audit: Go deep into the workshops to audit capacity utilization, equipment OEE (Overall Equipment Effectiveness), scrap rates, and the authenticity of piece-rate wages in India and other factories to identify "hidden waste" in manufacturing.
n Inventory & Logistics Audit: Audit slow-moving inventory, long-cycle work-in-progress (WIP), international logistics, and customs clearance costs to drive inventory turnover and optimize logistics expenses.
n n 3. Overseas Core Risk Management (Risk Control Core)
n n Geopolitical & Market Access Risk: Closely track local trade policies (e.g., tariffs, anti-dumping, local content requirements) in India, the US, and Germany; audit the supply chain resilience and supply disruption risks of overseas production lines.
n Compliance & Legal Risk: Review labor law compliance (e.g., overtime, labor union risks), Environmental, Health and Safety (EHS) compliance,



and local tax compliance across all overseas bases to prevent severe regulatory penalties.
n Anti-Fraud & Ethics Risk: Establish and broaden whistleblowing channels at overseas bases; conduct independent investigations into corruption, conflicts of interest, and unauthorized rebates in overseas procurement, sales, and construction projects.
n n 4. Accounts Receivable (AR) Special Control
n n Credit & Distributor Audit: Audit the credit evaluation mechanisms for large customers and distributors (especially in India); monitor overseas credit sales approval processes to mitigate risks of reckless credit extension driven by sales volume targets.
n Aging & Collection Audit: Perform regular look-through audits on AR aging reports; oversee the execution capabilities of overseas sales teams regarding collections; independently assess risks related to overdue accounts, bad debt provisions, and debt litigation to secure Group cash flow.
n n 5. Sales & Administrative Expense Control
n n Sales Expense Rationality Audit: Focus on auditing the authenticity and compliance of marketing expenses, exhibition fees, key account rebates, and distributor commissions to strictly prevent fraud and cash outs through fake expenses.
n Administrative & Operating Expense Audit: Audit daily administrative expenses, travel expenses, expat benefits, and consulting fees against budget baselines to identify and compress unreasonable spending.
n n 6. Global Cross-Base Benchmarking
n n Best Practice Replication:



Benchmark production efficiency, labor costs, and manufacturing overheads across factories in Germany, the US, and India; output comparative reports to drive rectification and alignment of lagging bases with advanced plants.
n n Job Requirements:
n 1. Core Industry Experience
n n Industry Background: Minimum of 5 years of qualified experience, with at least 3 years of internal audit experience in large-scale construction equipment, automotive manufacturing, or heavy industry corporations.
n Core Expertise: Must possess extensive hands-on experience in Operational Audit, Cost Control, and Supply Chain Audit, rather than a purely financial compliance background.
n Preferred Qualifications: Familiarity with Lean Production (Lean/6 Sigma) or Industrial Engineering (IE) concepts; ability to understand factory BOMs (Bill of Materials) and manufacturing processes is a strong plus.
n n 2. International Capabilities
n n Language Proficiency: English must be the primary working language (must be fully fluent in listening, speaking, reading, and writing, with the ability to communicate flawlessly).
n n 3. Educational Background & Certifications
n n Education: Bachelor's degree or above in Finance, Auditing, Industrial Engineering, Mechanical Manufacturing, Supply Chain Management, or related fields.
n Certifications: Holder of CIA (Certified Internal Auditor), CRMA (Certification in Risk Management Assurance), CFE (Certified Fraud Examiner), or international accounting designations (ACCA/CPA/AICPA) is highly preferred.
n n 4. Technical Skills
n n System Proficiency: Must be proficient in utilizing SAP (specifically PP/MM/CO modules); possess the ability to use data for cost modeling and anomaly detection.
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📌 Internal Auditor (Chennai)
🏢 XCMG Group
📍 Chennai