Role & responsibilities

1. Internal Audit & Risk Management

Risk Management

- Experience in identifying, assessing, and monitoring operational, financial, and compliance risks within assigned functions or departments.
- Support the implementation of risk mitigation strategies, controls, and standard operating procedures to minimize potential business impact.
- Ensure day-to-day activities comply with internal policies, regulatory requirements, and company guidelines.
- Escalate identified risks, incidents, or control gaps to the Manager or relevant stakeholders in a timely manner.
- Participate in internal audits, inspections, and risk assessments, and assist in preparing required documentation and reports.
- Monitor key risk indicators (KRIs) and support corrective and preventive actions where necessary.
- Promote risk awareness among team members by reinforcing best practices and compliance standards.
- Support business continuity and contingency planning activities as assigned.

Audit Planning & Execution

- Hands on experience in Risk based audit planning, execution and reporting
- Review of business, operational and functional areas across Retail, real Estate and Manufacturing sector to identify risks, provide risk mitigation plans, work with business teams to implement the controls.
- Execute risk-based internal audits for retail stores, warehouses, distribution centres, and head office functions.
- Supervise retail operations audits covering cash handling, POS controls, inventory management, discounts, promotions, and shrinkage to reduce risks or theft or revenue leakage

Inventory & Loss Prevention Controls

- Supervise cycle counts, stock verifications, and surprise audits at stores and warehouses.
- Analyze shrinkage, pilferage, expiries, damages, and slow-moving inventory, and provide recommendations to improve the controls and governance.
- Support business in implementing relevant loss prevention controls, CCTV usage, access controls, and store compliance.

2. Operational Audit & Compliance Review

- Perform Business and operational audits such as procurement-to-pay, order-to-cash, and inventory management, sales management (pricing, promotions, markdowns, and loyalty programs), Supply Chain and Logistics, etc.
- Ensure adherence to internal and operational efficiency while performing audit reviews.
- Review of compliance requirements such as tax, legal, and regulatory requirements, and support management relevant to FMCG, retail, Real Estate and Manufacturing sector to implement controls
- Ensure compliance with internal SOPs,



delegation of authority, and retail policies.
- Evaluate IT and POS system controls, including user access and master data changes.
- Review & evaluate the adequacy of controls in new system implementation, projects or newly set up business units
- Review and supervise the accuracy of financial accounting, reconciliation processes, and statutory compliance activities. Verify adherence to IFRS/Ind AS and company accounting policies.
- Review and test internal financial controls (IFC) and report on operating effectiveness.
- Supervise the quality of out-sourced audit firms and ensure issues are closed to address the identified controls gaps.
- Monitor implementation of audit recommendations and highlight risk areas for management review.
- Design and implement an audit compliance /action tracking mechanism for mitigating identified risks in the audit reports. Provide update to Senior management about the open audit actions.
- Support management to implement the required controls to mitigate the risk via required SOPs, automated controls, governance, etc.

3. Data Analytics & Automation

- Use Excel, Power BI, or other analytical tools to identify anomalies, trends, and potential risk indicators.
- Support implementation of automated audit tests and dashboards for continuous monitoring.
- Assist in digitization of audit workpapers and development of data-driven audit methodologies.

4. Coordination & Reporting

- Collaborate with finance, operations, and compliance teams to ensure audit readiness and consistency in control practices.
- Prepare and submit audit reports, dashboards, and compliance updates to senior management - highlighting operational gaps, financial risks, and control weaknesses.
- Rate audit observations based on impact and likelihood.
- Follow up on corrective actions and validate implementation at stores and warehouses.

1. Stakeholders management

- Build and maintain strong working relationship with all internal and external stakeholders.
- Maintain regular follow-ups related to projects and task allotted with Head of Audit and senior management.
- Manage Audit and Assurance resources for the effective delivery of assigned tasks.




- Work closely with business and functional heads, Operations team, supply chain, IT, finance teams, etc.
- Support external audits and internal investigations, including fraud and revenue leakage cases.

2. Leadership & Development

- Foster a culture of qualified scepticism, innovation, and ethical conduct within the team.
- Provide leadership to ongoing Audit and Assurance team for effective delivery and improve their ways of working

3. Self-Development

- Develop oneself through organizational initiatives like coaching, training, continuous feedback sessions and learn from interactions at the management level about the strategic intent desired by them.
- Champion a culture of integrity, compliance, and continuous improvement across the organization

Dedicate time learning new methodologies for Risk, Compliance and digitisation to improve overall governance and effectiveness of controls and efficiency of operations.

Preferred candidate profile

Technical

- Hands on Experience in International audit techniques and Standards

Competencies

- Robust knowledge in the Internal and External audit domains including financials, operational, processes, risk assessment, compliance, etc.
- Internal Audit functioning, regulation and control in Procurement, Back Office operations, Food/Grocery/Pharma Retail sector, Real Estate, Manufacturing sector
- Knowledge of Reporting Tools like Power BI, Tableau, etc. for management reporting
- Experienced in audit of SAP ERP or other ERP systems like Axpert and procurement tools
- Knowledge of Accounting standards, Financial Reporting and Compliance requirements

Behavioural

- Analytical mindset and problem-solving skill

Competencies

- Must be self-directed and able to work independently.
- Ability to see the big picture with high attention to critical details
- Excellent consultative, interpersonal, communication and presentation skills.
- Good governance and control perspective Strong willed and able to influence
- Ability to champion continuous change and consult with versatility

Qualification

- CA, CPA or MBA Finance or equivalent education

Work Experience

- 10 years and above experience in internal audit, operational audit, risk management or compliance roles in large & multi location companies, preferably in Africa continent
- Proven experience in independently executing Internal Audits and Assurance work.
- Experience in managing Internal Audit and Assurance team and leading effective discussion with CEOs & senior management

📌 Senior Manager Internal Audit & Risk Management (Ahmedabad)
🏢 Belfrost International
📍 Ahmedabad