Job Description
Job Title: Internal Auditor

Experience:
12+ Years Department: Internal Audit Reports To: Head of Internal Audit Qualification: CA / CIA / CISA

Location:
Pune Job Summary Looking for an experienced Internal Auditor with 12+ years of industry experience to lead and execute risk-based internal audits, evaluate internal controls, assess operational and financial risks, and ensure compliance with applicable laws, regulations, company policies, and procedures. The candidate should have strong analytical and problem-solving skills, extensive experience in internal audit, risk management, process improvement, and the ability to work collaboratively with cross-functional teams and senior management.

Key Responsibilities
1. Internal Audit Planning and Execution
- Develop and implement a risk-based annual internal audit plan aligned with organizational objectives.
- Lead and execute internal audits across finance, operations, procurement, sales, inventory, HR, and other business functions.
- Evaluate the adequacy and effectiveness of internal controls, governance processes, and risk management frameworks.
- Conduct process audits, financial audits, operational audits, and compliance audits.
- Review business processes to identify control gaps, inefficiencies, and potential fraud risks. 2. Financial and Operational Audits
- Review financial transactions, general ledger accounts, reconciliations, expense claims, and supporting documentation.
- Carry out procure-to-pay, order-to-cash, inventory management, Project Management, fixed assets, payroll, and other critical business cycles.
- Verify compliance with accounting policies, financial reporting requirements, and established procedures.
- Identify revenue leakage, cost-saving opportunities, process deviations, and potential irregularities.
- Review inventory controls, physical verification processes, and asset management practices, where applicable. 3. Audit Reporting and Corrective Action
- Prepare comprehensive internal audit reports detailing observations, root causes, risk implications, and recommendations.




- Present significant audit findings and risk exposures to senior management.
- Discuss findings with process owners and agree on practical action plans and implementation timelines.
- Conduct follow-up audits to verify the closure and effectiveness of corrective actions.
- Maintain an audit issue tracker and report overdue or high-risk observations. 4. Fraud Risk Management and Investigation
- Identify red flags, control weaknesses, suspected fraud, and potential conflicts of interest.
- Conduct preliminary reviews and support investigations into suspected fraud, misconduct, or financial irregularities.
- Maintain appropriate documentation and confidentiality throughout investigations.
- Recommend improvements to fraud prevention and detection controls. 5. Stakeholder Management and Team Leadership
- Lead, mentor, and review the work of internal audit team members.
- Coordinate with finance, operations, IT, procurement, and business leadership.
- Communicate audit findings objectively and professionally to stakeholders at all levels.
- Promote a culture of accountability, transparency, risk awareness, and continuous improvement.
- Manage multiple audit assignments and ensure timely completion of audit deliverables. 6. Process Improvement and Audit Excellence
- Identify opportunities to automate audit procedures and improve audit efficiency.
- Use data analytics and audit tools to identify exceptions, unusual trends, and control deviations.
- Contribute to the development of audit methodologies, standard templates, and reporting dashboards.
- Support enterprise risk management and internal control initiatives as required. Required Skills and Competencies
- Strong knowledge of internal audit methodologies, risk assessment, and internal controls.




- Expertise in financial, operational, and process audits.
- Understanding of accounting principles, financial reporting, and compliance requirements.
- Strong analytical, investigative, and problem-solving capabilities.
- Excellent report-writing, presentation, and stakeholder-management skills.
- Ability to assess root causes and recommend practical business solutions.
- Proficiency in MS Excel, ERP systems such as SAP or Oracle, and audit management tools.
- High standards of integrity, objectivity, independence, and professional ethics.
- Strong planning, prioritization, and team management skills. Experience and Qualifications
- Minimum 12 years of relevant industry experience in internal audit, risk management, finance, compliance, or process assurance.
- Demonstrated experience in independently managing end-to-end internal audit assignments.
- Experience in developing audit plans, conducting risk assessments, and presenting findings to senior management.
- Exposure to ERP-driven business environments and multi-location operations is preferred.
- CA, CIA, CISA, or equivalent professional qualifications will be an advantage, depending on the role. Key Performance Indicators (KPIs)
- Completion of the approved annual audit plan within agreed timelines.
- Timely issuance of high-quality audit reports.
- Percentage of audit observations closed within agreed deadlines.
- Reduction in recurring audit observations and control failures.
- Effectiveness of recommendations in mitigating identified risks.
- Identification of process improvement and cost optimization opportunities.
- Quality of stakeholder engagement and audit documentation. Preferred Candidate Profile A proactive and independent audit skilled with strong business acumen, sound judgment, and the ability to balance risk management with operational efficiency. The candidate should be comfortable interacting with senior management, challenging existing processes constructively, and driving sustainable improvements in internal controls and governance.

📌 Internal Auditor (Pune)
🏢 Thermax
📍 Pune