Job Purpose

To lead and manage the internal audit function across real estate projects and corporate functions by planning audits, supervising the audit team, strengthening internal controls, managing risks, and ensuring regulatory compliance, while acting as a trusted advisor to management.

Key Responsibilities

1. Audit Planning & Leadership

- Develop and execute the annual risk-based internal audit plan.

- Lead audits across projects, corporate offices, and site locations.

- Allocate work, guide, and review deliverables of audit team members.

- Ensure audit coverage of high-risk areas and management priorities.

- Drive standardization of audit programs, checklists, and reporting formats.

2. Project & Operational Audits

- Lead audits of real estate development projects covering:
- Project budgeting, cost controls, BOQs, RA bills, and certifications

- Contract management, tenders, and vendor selection

- Material procurement, consumption, and inventory controls

- Review adherence to SOPs, DOA, and approval matrices.

- Conduct site audits and surprise checks.

3. Financial & Revenue Audits

- Review Order-to-Cash (Sales & CRM) processes including bookings, pricing, discounts, incentives, and collections.

- Evaluate revenue recognition and customer advances.

- Review Procure-to-Pay (P2P) and Record-to-Report (R2R) processes.

- Assess cash management, bank controls, and payment approvals.

4. Compliance & Governance

- Ensure compliance with:
- RERA

- GST, TDS, Income Tax

- Companies Act, 2013

- Labour laws (PF, ESIC, Contract Labour)

- Review statutory filings and regulatory submissions.

- Support Audit Committee and management reviews.

5. Risk Management & Advisory

- Identify enterprise-level risks and emerging risk areas.

- Develop and review Risk Control Matrices (RCM).

- Recommend process improvements and automation opportunities.





- Act as an internal consultant on control design and process optimization.

6. Technology & Systems Audit

- Oversee audits of ERP and applications ( In4 / Snipe IT/ Sales Force etc.).

- Review system access controls, maker-checker controls, and audit trails.

- Promote use of data analytics and continuous auditing tools.

7. Reporting & Stakeholder Management

- Review and finalize audit reports with transparent risk ratings and actionable recommendations.

- Present audit findings to senior management and Audit Committee.

- Track closure of audit observations and ensure timely remediation.

- Coordinate with statutory auditors, consultants, and external auditors.

8. Team Development

- Mentor, coach, and upskill audit team members.

- Conduct performance reviews and provide feedback.

- Build a strong audit culture focused on value addition.

Key Skills & Competencies

- Strong leadership and people management skills.

- Deep understanding of real estate operations and project lifecycle.

- Excellent risk assessment, analytical, and reporting skills.

- Ability to influence stakeholders and manage conflicts constructively.

- High integrity, independence, and professional judgment.

Qualifications & Experience

- CA / CMA / CIA / MBA (Finance) preferred.

- 5–12 years of experience in internal audit, preferably in real estate / construction / infrastructure.

- Prior experience in leading audit teams is mandatory.

- Strong working knowledge of ERP systems and data analytics tools.

Key Performance Indicators (KPIs)

- Timely execution of the annual audit plan.

- Quality and impact of audit recommendations.

- Reduction in repeat and high-risk audit observations.

- Timely closure of audit issues.

- Team capability development and retention.

Working Conditions

- Travel to project sites (If Required) and corporate offices.

- Regular interaction with senior leadership and Audit Team.

📌 Internal Auditor Team Leader (Mumbai)
🏢 Chandakgroup
📍 Mumbai