Roles and Responsibilites

A. Concurrent Audit of Spends & Vendor Invoices

- Perform daily/periodic concurrent review of vendor invoices, purchase orders, contracts, rate cards, and supporting documents.
- Check compliance with procurement policies, approval matrices, contracted rates, taxation accuracy, and GRN/SES matching.
- Identify duplicate billing, rate mismatches, improper documentation, and non-compliant spends.
- Flag exceptions and highlight potential value leakage or avoidable costs.

B. Operational Finance Support (P2P Related) 1. Open PO Reports

- Periodically extract and review open PO reports from SAP.
- Highlight long-pending POs, partial receipts, incorrect closure, and mismatches between PO, GRN, and Invoice.
- Coordinate with procurement and finance to close or clean up ageing POs.

2. Vendor Advances Tracking

- Track outstanding advances issued to vendors and match them with subsequent invoices.
- Identify long-pending or unadjusted advances and follow up for timely settlement.

3. Month-End Provision Support

- Collate information for month-end expense provisions based on GRN/SES status, committed spends, and service milestones.
- Provide inputs to finance for accrual accuracy and completeness.
- Track reversal of provisions in subsequent months.

C. Process Improvement & Cost Reduction

- Identify gaps, inefficiencies, and repeated issues across P2P and invoice verification processes.
- Recommend improvements to strengthen controls, reduce cycle time,



and eliminate rework.
- Support cost-reduction initiatives through analysis of spend patterns and exception trends.

D. Reporting & Follow-up

- Prepare audit observations, dashboards, and MIS for management reviews.
- Present findings to finance, procurement, and business teams.
- Track closure of audit points and maintain follow-up status.
- Maintain detailed workpapers and documentation for audit trail.

Desired Candidate Profile 1.Skills & Competencies

- Working knowledge of SAP FICO (to navigate POs, GRNs, invoices, reports).
- Strong understanding of P2P processes and vendor invoice workflows.
- Good analytical skills; strong Excel capability (vlookup, pivot, analysis).
- Ability to quantify impact, identify patterns, and detect anomalies.
- Clear communication and robust coordination skills.
- High attention to detail, discipline, and follow-through.

2. Qualifications & Experience

- CA Inter / CMA Inter / MBA (Finance) preferred.
- 25 years of experience in internal audit, concurrent audit, process audit, or P2P transaction review.
- Experience in invoice audit, PO tracking, and month-end support is desirable.
- Exposure to professional services, manufacturing, retail, FMCG, shared services, or multi-entity environments is a plus.

3. Additional Details

- Hiring for Pune (multiple positions).
- Travel between locations may be required depending on project.

📌 Concurrent Audit Executive (Pune)
🏢 Cerebrus Consulting
📍 Pune