: Audit Executive – Bank Audit, Statutory Audit & Concurrent Audit

Department: Audit & Assurance

Experience: 1–2 Years

Employment Type: Full-Time

Qualification: B.Com / MBA (Finance) / CA Inter

Location: [Insert Location]

Salary Budget: As per industry standards and candidate experience

About the Role

We are looking for a detail-oriented Audit Executive to support bank audits, statutory audits, and concurrent audits. The candidate will assist in audit planning, verification of financial records, compliance checks, preparation of working papers, and identification of discrepancies in financial transactions.

The ideal candidate should have a basic understanding of accounting principles, banking operations, audit procedures, and applicable regulatory requirements.

Key Responsibilities

1. Bank Audit

- Assist in conducting bank audits, including branch audits and verification of banking transactions.

- Verify loan documentation, advances, securities, and related records.

- Check cash balances, bank reconciliations, deposits, and other banking transactions.

- Review KYC documentation, loan files, and compliance with internal banking procedures.

- Identify discrepancies, irregularities, and documentation gaps.

- Assist in preparing audit observations and reports.

2. Statutory Audit

- Assist in conducting statutory audits of companies and other entities.

- Verify books of accounts, ledgers, vouchers, invoices, and supporting documents.

- Perform vouching, verification, and reconciliation of financial transactions.

- Assist in checking financial statements, including the balance sheet and profit and loss account.

- Support verification of expenses, revenue, assets, liabilities, and statutory dues.

- Prepare audit working papers and maintain supporting documentation.

- Assist senior auditors in preparing audit reports and communicating audit findings.

3. Concurrent Audit





- Perform regular checks of banking transactions and operational activities.

- Verify loan disbursements, cash transactions, account opening documentation, and other banking operations.

- Check compliance with bank policies, procedures, and applicable regulatory guidelines.

- Identify operational errors, irregular transactions, and control weaknesses.

- Report audit exceptions and follow up on corrective actions.

- Maintain audit records and submit periodic reports within stipulated timelines.

4. Documentation & Reporting

- Maintain accurate audit working papers and supporting records.

- Prepare audit checklists, observation sheets, and exception reports.

- Coordinate with clients, bank officials, and internal audit teams to obtain required documents.

- Ensure timely completion of assigned audit activities.

- Support senior team members in audit reviews and final reporting.

Required Qualifications

- B.Com / B.Com (Accounting & Finance).

- MBA in Finance.

- CA Intermediate (both groups or either group cleared; candidates pursuing CA may also apply).

- Strong understanding of accounting principles and basic auditing procedures.

Required Experience & Skills

- 1–2 years of experience in bank audit, statutory audit, concurrent audit, or audit and assurance.

- Basic knowledge of accounting standards, taxation, and statutory compliance.

- Familiarity with vouching, ledger scrutiny, reconciliations, and financial statement verification.

- Proficiency in MS Excel and accounting software.

- Strong analytical skills and attention to detail.

- Positive communication, documentation, and coordination skills.

- Ability to meet deadlines and work effectively with audit teams.

Preferred Candidates

- Candidates who have worked with CA firms or audit and assurance firms.

- Candidates with exposure to bank branch audits, statutory audits, or concurrent audits.

- CA Inter candidates with practical audit experience.

- Candidates available to join within a short notice period are preferred.

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📌 Audit & Taxation Executive (Mumbai)
🏢 V. Sankar Aiyar u0026
📍 Mumbai