Job Purpose

To conduct independent internal audits of branch operations, financial transactions, loan disbursements, collections, documentation, and employee compliance to ensure operational efficiency, financial accuracy, risk control, and adherence to company policies and regulatory requirements.

Key Roles and Responsibilities

A. Branch Audit & Operational Audit

- Conduct periodic internal audits of branches and operational units.
- Verify branch-level financial transactions, cash balances, vouchers, receipts, and supporting documents.
- Review day-to-day branch operations and ensure compliance with company policies and procedures.
- Identify operational irregularities, procedural deviations, and control weaknesses.
- Conduct surprise inspections and verification of branch activities.
- Microfinance Loan Audit
- Verify loan applications, KYC documents, eligibility, and supporting documentation.
- Examine loan sanctioning and disbursement procedures.
- Verify borrower details, loan utilisation, repayment schedules, and outstanding balances.
- Check whether loans are processed in accordance with approved policies.
- Identify duplicate lending, fictitious borrowers, irregular loan approvals, and potential fraud.
- Cash & Collection Audit
- Verify daily cash collections, receipts, and deposit records.

D. Compliance & Risk Management

- Ensure compliance with internal policies, SOPs, and applicable statutory and regulatory requirements.
- Review employee adherence to operational procedures.
- Identify financial risks, fraud indicators, and potential internal control failures.
- Monitor corrective actions taken by branch teams against audit observations.

E. Audit Reporting & Documentation

- Prepare detailed audit reports highlighting findings, discrepancies, and recommendations.
- Classify audit observations based on their severity and financial impact.




- Submit audit reports within the prescribed timelines.
- Follow up with Branch Managers and concerned departments for audit rectification.
- Maintain proper audit working papers and supporting documentation.

F. Branch Visits & Coordination

- Conduct regular visits to assigned branches.
- Coordinate with Branch Managers, Regional Managers, and operational teams.
- Report serious financial irregularities or suspected fraud immediately to the reporting authority.
- Ensure timely closure of audit observations.

3. Required Qualifications

- Bachelor's Degree in Commerce, Finance, Accounting, or Business Administration.
- Additional qualifications such as M.Com, MBA Finance, CA Inter, or relevant audit certifications will be an advantage.

4. Required Experience

- 2–5 years of experience in Internal Audit, Microfinance, NBFC, Banking, or Financial Services.
- Previous experience in branch audits, loan verification, cash audits, and collection audits is preferred.
- Experience handling multi-branch audits will be an added advantage.

5. Required Skills & Competencies

- Strong knowledge of microfinance operations and lending procedures.
- Good understanding of loan documentation, KYC, collections, and repayment processes.
- Robust analytical and numerical skills.
- Excellent observation and problem-solving abilities.
- Proficiency in MS Excel and financial reporting.
- Good communication and report-writing skills.
- Ability to travel extensively for branch audits.
- High level of integrity, confidentiality, and professional ethics.
- Ability to work independently and meet audit deadlines.
- Cross-check collection records with system entries and bank deposits.
- Identify cash shortages, excess balances, delayed deposits, and collection discrepancies.
- Verify overdue accounts, repayment defaults, and collection follow-up procedures.

Pay: ₹9,100.00 - ₹38,000.00 per month

Work Location: In person

📌 Audit Executive (Thrissur)
🏢 AGROFIN FARMERS PRODUCER COMPANY
📍 Thrissur