What does an internal auditor do?
An internal auditor provides the company with valuable information and financial analysis, helping identify areas for cost savings, process optimisation and increased operational efficiency. By delivering accurate and reliable financial statements, they assist in building trust among stakeholders and potential investors.
They also ensure that the financial operations and processes comply with applicable laws, regulations and company policies. In India, where corporate governance and regulatory compliance are paramount, hiring a skilled internal auditor is essential to maintain transparency, mitigate risks and enhance overall financial integrity.
The role of internal auditors entails assessing and evaluating the effectiveness of internal controls, risk management systems and financial reporting processes within the company. They conduct thorough financial audits, analyse data, identify discrepancies and provide recommendations for process improvements. Thus, they help safeguard the organisation’s assets and prevent any fraud.
Furthermore, internal auditors play a vital role in detecting and preventing financial and operational risks. They evaluate the adequacy of internal control systems, identify areas of potential threats and propose measures to mitigate them. Their expertise in risk assessment and internal controls provides valuable insights to the company, enabling them to proactively make informed decisions and address vulnerabilities.
Do note that internal auditors are different from external auditors. The latter are independent auditors hired to conduct the auditing process. They need to provide a detailed report on the accuracy of financial statements. However, they don’t oversee a company’s internal systems.
Introduction
We seek an experienced and qualified internal auditor to join our team at [Company Z].
As a certified internal auditor, you will play a pivotal role in ensuring the integrity of our financial operations, identifying areas for improvement and ensuring compliance with regulatory requirements in India.
We offer a competitive salary package, comprehensive health benefits and a supportive work environment that fosters professional growth. We value diversity, collaboration and innovation and are committed to providing our employees with great opportunities for career advancement.
If you have a passion for finance, join our dynamic team and contribute to our commitment to excellence in corporate governance and risk management.
Objectives of this role
- Conducting internal audits to evaluate the effectiveness of financial controls, risk management systems and operational processes.
- Assessing and ensuring the company’s compliance with applicable laws, regulations and company policies in India.
- Providing management with accurate and timely reports on financial audit findings, including recommendations for improvement.
- Giving independent and objective assessments of the organisation’s operations, financial statements and internal controls.
- Proposing recommendations to enhance operational efficiency and identifying other areas of improvement.
- Collaborating with cross-functional teams to develop and implement risk management strategies.
Your tasks
- Plan and execute audit engagements, including data analysis and testing.
- Review financial statements and supporting documentation.
- Evaluate internal control systems and ensure adherence to applicable Indian laws.
- Perform risk assessments and internal control evaluations and detect discrepancies.
- Identify and investigate potentially fraudulent activities or financial irregularities.
- Prepare and present audit reports to stakeholders and shareholders.
- Collaborate with external auditors during statutory audits and regulatory compliance assessments.
- Monitor the implementation of audit recommendations and execute remedial actions.
- Stay updated with the latest industry regulations and best practices in internal auditing.
Required skills and qualifications
- Bachelor’s degree in finance, accounting or a related field.
- Professional certification, such as CIA (Certified Internal Auditor) or CA (Chartered Accountant).
- 5+ years of experience in internal auditing or related financial roles.
- Strong understanding of Indian accounting standards, taxation and regulatory requirements.
- Proficiency in using audit management software and data analysis tools.
- Experience in developing and executing audit plans and evaluating internal control systems.
- Proficiency in preparing and reviewing financial documents and audit reports.
- Strong communication and interpersonal skills to effectively collaborate with stakeholders at all levels.
- Excellent analytical, problem-solving and critical-thinking skills.
- Ability to work independently or in a team.
- Working knowledge of MS Office applications (Excel, Word, Outlook).
- Excellent verbal and written communication skills.
- Strong ethical standards and a commitment to maintaining confidentiality.
- Ability to adapt to changing regulatory environments and industry practices.
Preferred skills and qualifications
- Advanced degree in accounting, finance or related field.
- Experience in conducting audits in a regulated industry.
- Knowledge of ERP systems and experience with data analytics.
- Working knowledge of financial analysis techniques.
- Great attention to detail and accuracy with the ability to work with large data sets.
- Experience with data analytics and visualisation tools.
- Ability to work under pressure and meet deadlines.
- Familiarity with international auditing standards.
