: Internal Auditor

Position Title: Internal Auditor

Location: Sattur, Tamil Nadu

Reporting To: Executive Director

Position Summary

Loyal Textiles is seeking an experienced and highly analytical Internal Auditor to function as an independent watchdog for business processes, financial controls, operational efficiency, and compliance across the organization's vertically integrated textile operations.

The role requires a seasoned textile professional with a strong background in Costing, Accounts, and Manufacturing Operations within a composite textile mill. The incumbent will work closely with the ED to ensure adherence to Standard Operating Procedures (SOPs), validate operational and financial performance metrics, identify cost leakages, strengthen internal controls, and drive continuous improvements in ERP systems and business processes.

The ideal candidate will possess deep understanding of textile manufacturing economics, costing structures, inventory controls, financial accounting, and ERP-based process governance.

Key Responsibilities

Internal Audit & Process Compliance

- Conduct regular audits across spinning, knitting, processing, garmenting, stores, maintenance, procurement, and finance functions.
- Review adherence to organizational SOPs, policies, systems, and statutory requirements.
- Act as an independent internal watchdog to identify deviations, inefficiencies, and control gaps.
- Verify operational and financial data reported by various departments.
- Audit process compliance and recommend corrective and preventive actions.

Cost Control & Profitability Improvement

- Analyze manufacturing costs and identify avoidable expenditures across departments.
- Evaluate cost drivers, wastages, inefficiencies, and resource utilization.
- Recommend measures for cost reduction and productivity enhancement.
- Monitor implementation of approved cost-saving initiatives.
- Review consumption norms for raw materials, chemicals, power, fuel, spare parts, and labor utilization.

Financial Audit & Controls





- Review expenditure provisioning and accruals for accuracy and completeness.
- Audit allocation and apportionment of common expenses across business units and cost centers.
- Verify correctness of costing methodologies and cost absorption practices.
- Examine inventory valuation, stock controls, and reconciliation processes.
- Evaluate financial controls impacting profitability and balance sheet integrity.

KPI Validation & Management Reporting

- Independently validate operational and financial performance metrics reported by departments.
- Assess the reliability of data used for management decision-making.
- Present audit findings, risk observations, and improvement recommendations to the CEO.
- Develop audit reports highlighting root causes, business risks, and corrective actions.

ERP System Strengthening

- Identify ERP process weaknesses that enable incorrect transactions, leakages, control failures, or distorted P&L; reporting.
- Work with functional teams and ERP vendors to enhance system controls.
- Design and recommend preventive controls, approval hierarchies, validation checks, and exception reporting mechanisms.
- Drive digitization and process automation initiatives to improve transparency and accountability.
- Ensure ERP workflows align with business SOPs and best practices.

Risk Management & Governance

- Identify financial, operational, and process risks across the organization.
- Conduct special investigations into unusual transactions, variances, and control failures.
- Recommend risk mitigation measures and monitor their implementation.
- Promote a culture of accountability, compliance, and continuous improvement.

Desired Candidate Profile

Qualifications





- CA Inter / CMA Inter / ICWA / M.Com / MBA (Finance) / B.Com with solid textile industry experience.
- Professional certifications in Internal Audit, Costing, or Risk Management will be an added advantage.

Experience

- Minimum 10 years' experience in Costing, Accounts, Finance, or Internal Audit within a Composite Textile Mill / Vertically Integrated Textile Company.
- Hands-on exposure to textile manufacturing processes, costing systems, inventory management, and ERP environments.
- Experience in spinning, fabric processing, textile manufacturing, garmenting, or integrated textile operations preferred.

Technical Competencies

- Textile Costing and Cost Analysis
- Financial Accounting and Management Reporting
- Internal Audit and Internal Controls
- Budgeting and Cost Management
- ERP Systems (SAP, Oracle, Microsoft Dynamics, Ramco, or Textile ERP Solutions)
- Inventory and Stores Audit
- Variance Analysis
- MIS and KPI Validation
- Risk Assessment and Compliance Management

Behavioral Competencies

- High integrity and professional ethics.
- Independent thinker with strong analytical skills.
- Detail-oriented with an investigative mindset.
- Strong influencing and stakeholder management skills.
- Ability to challenge established practices constructively.
- Excellent report writing and presentation capabilities.

Key Success Metrics

- Reduction in avoidable costs and process leakages.
- Improved compliance with SOPs and internal controls.
- Accuracy of financial reporting and budgeting processes.
- Effective ERP control enhancements implemented.
- Reduction in audit observations and recurring process deviations.
- Timely closure of corrective action plans.
- Improvement in operational and financial performance metrics.

Loyal Textiles offers a unique opportunity for an experienced textile finance professional to directly partner with the ED in driving operational excellence, cost competitiveness, governance, and profitability across its vertically integrated manufacturing operations.

📌 Internal Auditor (Sattur)
🏢 Loyal Textile Mills
📍 Sattur