Key Responsibilities

- Develop and execute the annual internal audit plan based on business risks and management priorities.

- Lead risk-based audits covering finance, operations, sales, procurement, inventory, HR, projects and other business functions.

- Evaluate the adequacy and effectiveness of internal controls, policies and operating procedures.

- Identify control weaknesses, process gaps, financial risks, compliance issues and potential areas of leakage.

- Conduct process, operational, financial and compliance audits across locations/business units.

- Review transactions, systems, processes and supporting documentation to ensure accuracy and compliance.

- Assess adherence to company policies, SOPs, delegated authority and statutory requirements.

- Review inventory, procurement, vendor management, revenue, expenses, receivables and other key risk areas.

- Identify opportunities for cost optimization, loss prevention, process improvement and operational efficiency.

- Investigate suspected fraud, irregularities, financial leakages and policy violations as required.

- Prepare comprehensive audit reports highlighting observations, root causes, risk implications and recommendations.

- Discuss audit findings with process owners and senior management and agree on corrective action plans.

- Monitor and report the status of audit observations and ensure timely closure of agreed actions.

- Conduct follow-up audits to validate implementation and effectiveness of corrective measures.

- Develop and maintain an effective internal control framework in coordination with business functions.

- Use data analytics and audit tools to identify unusual transactions, trends and potential risks.

- Coordinate with Statutory Audit, Internal Audit consultants, Tax, Compliance and other assurance functions where required.

- Present significant audit findings,



risk areas and action status to senior management/Audit Committee.

- Ensure audit activities are conducted objectively, independently and in accordance with professional standards.

- Lead, mentor and develop the internal audit team.

- Continuously improve audit methodologies, processes, reporting formats and risk-assessment techniques.

Key Skills

- Strong knowledge of internal audit and risk-based auditing.

- Internal controls and process-risk assessment.

- Financial and operational audit.

- Fraud detection and investigation.

- Risk management and governance.

- Strong analytical and data interpretation skills.

- Excellent report-writing and presentation skills.

- Ability to challenge processes and influence senior stakeholders.

- Solid understanding of accounting and financial processes.

- Good knowledge of ERP systems, MS Excel and audit/data-analytics tools.

- Strong leadership, communication and team-management skills.

Qualification & Experience

- CA / CIA / CMA / MBA Finance / relevant professional qualification preferred.

- 12–18 years of experience in Internal Audit, Risk, Controls, Finance or related functions.

- Proven experience in leading risk-based audits and managing audit teams.

- Experience in multi-location or diversified business environments will be an advantage.

Key Performance Indicators (KPIs)

- Completion of approved annual audit plan.

- Timely issuance of audit reports.

- Quality and relevance of audit observations.

- Identification and mitigation of significant business risks.

- Timely closure of audit observations.

- Reduction in recurring control weaknesses.

- Cost-leakage and process-improvement opportunities identified.

- Fraud/irregularity detection and prevention.

- Effectiveness of internal-control improvements.

- Stakeholder satisfaction and Audit Committee reporting quality.

📌 JGM - Internal Audit (Mumbai Suburban)
🏢 Essar
📍 Mumbai Suburban