Internal Auditor

Position: Internal Auditor Retail

Department: Internal Audit / Finance & Controls

Industry: Retail

Experience: 0-3 Years

Employment Type: Full time

Location: AP & Telangana

Reporting To: Internal Audit Manager / Head of Internal Audit

Job Summary

We are looking for an experienced and detail-oriented Internal Auditor with 0-3 years of experience in the Retail industry to conduct operational, financial, inventory, cash, and process audits across retail stores and warehouses.

The candidate will be responsible for identifying control weaknesses, inventory discrepancies, revenue leakages, policy deviations, and potential fraud risks, and for providing practical recommendations to strengthen internal controls.

Key Responsibilities

Store & Operational Audit

- Conduct regular and surprise audits of retail stores and warehouses.
- Verify compliance with company policies, SOPs, and internal controls.
- Review store operations, processes, approvals, and documentation.
- Identify operational gaps, control weaknesses, and process deviations.
- Prepare detailed audit observations with supporting evidence.

Inventory Audit

- Conduct physical stock verification and reconcile physical stock with system records.
- Identify stock shortages, excesses, damages, expiry, shrinkage, and stock adjustments.
- Verify stock transfers, inward/outward movements, returns, and write-offs.
- Investigate inventory variances and identify root causes.
- Monitor corrective actions related to inventory discrepancies.

Cash & POS Audit

- Verify daily sales, cash collections, card/UPI transactions, and bank deposits.
- Audit POS transactions, cancellations,



refunds, returns, discounts, and void bills.
- Identify cash shortages/excesses and revenue leakage.
- Verify petty cash and expense claims.
- Review adherence to cash-handling procedures.

Purchase & Vendor Audit

- Verify Purchase Orders, GRNs, invoices, and supporting documents.
- Check compliance with purchase authorization procedures.
- Identify discrepancies between PO, GRN, and invoice.
- Review vendor-related transactions and potential control risks.

Compliance & Risk

- Assess compliance with company policies, SOPs, approval limits, and internal controls.
- Identify potential fraud, financial, operational, and compliance risks.
- Perform root-cause analysis of audit findings.
- Recommend corrective and preventive actions.

Audit Reporting

- Prepare audit reports, working papers, checklists, and MIS.
- Clearly document observations, risks, root causes, and recommendations.
- Discuss audit findings with Store/Department Managers.
- Track and follow up on pending audit observations.
- Ensure timely closure of audit issues.

Data Analysis

- Analyze sales, inventory, purchase, cash, and expense data.
- Use Excel to identify unusual transactions and variances.
- Prepare audit summaries and management reports.




- Identify recurring issues and trends across stores.

Required Qualifications

- B.Com / M.Com / MBA Finance / CA Inter / CMA Inter or equivalent qualification.
- Around 0- 3 years of relevant experience in Internal Audit / Retail Audit / Stock Audit / Process Audit.
- Experience in the retail industry is preferred.
- Strong knowledge of accounting and internal audit concepts.
- Good working knowledge of MS Excel.
- Experience with ERP/POS systems is an advantage.

Required Skills

- Retail Internal Audit
- Inventory & Stock Audit
- Cash & POS Audit
- Process & Compliance Audit
- Internal Controls
- Risk Identification
- Fraud/Risk Awareness
- Root Cause Analysis
- MS Excel & Data Analysis
- Audit Reporting
- Good Communication Skills
- Attention to Detail
- Integrity and Professional Ethics

Preferred Experience Candidates with experience in FMCG, supermarkets, fashion retail, electronics, jewellery, pharmacy, QSR, or other multi-store retail businesses will be preferred.

Experience with SAP, Oracle, ERP, POS systems, Advanced Excel, and Power BI will be an added advantage.

Travel Requirement The candidate should be willing to travel to retail stores, branches, warehouses, and other business locations as required for audits.

Key Performance Indicators

- Timely completion of planned audits
- Accuracy and quality of audit observations
- Identification of inventory/cash discrepancies
- Identification of revenue leakage and control weaknesses
- Timely submission of audit reports
- Closure of audit observations
- Improvement in SOP and internal-control compliance

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