Job Description: Manager – Internal Audit

Job Overview

Role: Manager – Internal Audit
Department: Internal Audit Department (IAF)
Reporting To: Head of Internal Audit
Experience Required:7–10 years of core auditing and accounting experience
Target Sector Background (Mandatory): Telecommunications, Electronics Retail, Distribution, and IT Services
Core Audit Specialisations: Inventory, Procurement, Revenue Assurance, Customer Contracts, and Compliance
Work Location: M3M Urbana Premium, Sector 67, Gurugram, Haryana, 122101

Purpose of the Role

The Manager – Internal Audit is responsible for conducting and managing multiple simultaneous financial, operational, performance, and compliance audit projects across the Company. The role ensures all internal audit activities and consulting services are executed with high professional care, strict independence, and total alignment with the Global Internal Audit Standards. The Manager serves as a key bridge between the floor operations and the executive management, optimizing internal risk matrices and control systems.

Key Accountabilities & Responsibilities

1. Core Audit Management & Execution

Risk Evaluation: Identify, assess, and prioritize operational and financial risk bands using a robust risk-based audit framework.
Annual Planning: Assist the Head of Internal Audit in designing the Annual Audit Plan, factoring in inputs from Executive Management, External Audit bodies, and changing regulatory environments.
Fieldwork & Scope: Execute financial and operational audits within allocated time budgets, certifying that testing mechanisms are comprehensive and conclusions are accurate.
Audit Methodology: Ensure strict compliance with standardized audit steps—defining problem scales, tracking evidence, evaluating control weaknesses, and assessing their materiality against audit objectives.
Reporting & Remediation: Present highly accurate, evidence-backed written audit reports to the Head of Internal Audit and Management. Lead continuous follow-ups to track if corrective actions are properly implemented.
Standards & Ethics: Maintain organizational ethics and ensure all practices align flawlessly with The IIA's Standards and industry-specific compliance rules.

2. Consulting & Advisory Services

Framework Advisory: Execute and oversee internal corporate consulting assignments as instructed by the Head of Internal Audit.
Policy Refinement: Evaluate and systematically review institutional policies, updating them for the Head of Internal Audit prior to Board of Directors approval.

3. Fraud Investigations & Special Assignments

Forensic Audits: Direct or carry out sensitive forensic reviews and special audit assignments authorized by the Audit Committee.
Communication: Deliver immediate, clear oral briefings and written documentation covering investigation insights.

4. External Liaison & Quality Programs

External Stakeholders: Coordinate and clear paths of communication with External Auditors and the State Audit Bureau to align overall audit efficiency.
Quality Improvement: Assist in shaping the department's Quality Assurance and Improvement Program (QAIP).
Budget Support: Help formulate the internal department's annual budget to match long-term IAF operations.

Mandated Profile Requirements

Educational Background:

Bachelor's Degree in Accounting, Finance, or equivalent.
Mandatory Professional Certification: At least one active certification: CA (Chartered Accountant), CIA (Certified Internal Auditor), or CPA (Certified Public Accountant).
Post-graduate credentials (e.g., MBA or specialized financial professions) will be viewed favorably.

Technical Skills & Mandatory Experience:

Years of Experience:7 to 10 years of dedicated, high-impact auditing and accounting work.
Industry Domain Experience (Must-Have): Direct auditing background within Telecommunications, Electronics Retail, Logistics/Distribution, or IT Services.
Audit Scope Specialization (Must-Have): Deep hands-on experience evaluating Inventory cycles, Procurement loops, Revenue Assurance, Customer Contracts, and Regulatory Compliance.
Standards Proficiency: Strong working familiarity with the Global Internal Audit Standards, Enterprise Risk Management (ERM) frameworks, and International Financial Reporting Standards (IFRS).
Audit Software Stack: Must be an experienced user of TeamMate Plus and highly capable of utilizing Computer-Aided Auditing Tools (CAATs).

Key Competencies:

Business Acumen: Elite understanding of macro retail, telecom, and corporate center operations.
Analytical Skills: Mastery over tracking systemic loop holes, process flows, and balance sheet anomalies.
Leadership & Teamwork: Ability to lead a multi-functional audit team and maintain diplomatic, clear relationships across varying business units.

Manager Internal Auditor