Position- Audit & Inventory Executive
Department- FRM (Fraud & Risk Management)
Employment Type- Full-Time
Experience- 0–2 Years (Freshers Welcome)
Reporting To- Audit Manager / FRM Head
Role Overview
We are looking for a detail-oriented and proactive Audit & Inventory Control Executive to join our Fraud & Risk Management (FRM) Department. The candidate will be responsible for conducting internal audits, performing inventory verification, ensuring regulatory compliance, and supporting risk mitigation activities across business operations.
Key Responsibilities
Internal Audit
- Plan and execute internal audits by understanding processes, identifying risks, and defining audit scope and objectives.
- Use audit techniques such as document reviews, interviews, observations, sampling, walkthroughs, and data analysis to collect audit evidence.
- Prepare clear, factual, and evidence-based audit reports including scope, methodology, findings, and recommendations.
- Follow up on corrective and preventive actions (CAPA) to ensure timely resolution of audit findings.
- Maintain objectivity and professionalism when dealing with uncooperative employees or management disagreements.
Inventory & Stock Management
- Conduct physical stock audits and cycle counts to verify that actual inventory matches system records.
- Identify and investigate inventory discrepancies caused by data entry errors, theft, damage, or incorrect receiving/issuing.
- Monitor FIFO (First In, First Out) compliance to prevent obsolescence and stock damage.
- Ensure adequate safety stock levels to protect against demand fluctuations and supply delays.
- Verify incoming materials against purchase orders, delivery documents, quantity, quality, and damage status.
- Handle and document negative inventory occurrences and implement corrective actions.
FRM – Fraud & Risk Management
- Support the FRM team in identifying, assessing, and mitigating operational and fraud-related risks.
- Evaluate the effectiveness of internal controls and recommend process improvements.
- Assist in detecting non-compliance with policies, procedures, and regulatory requirements.
- Document findings and escalate confirmed non-compliance through appropriate audit procedures.
Required Skills & Competencies
- Strong analytical skills with high attention to detail.
- Sound understanding of auditing principles, inventory management, and internal controls.
- Knowledge of audit evidence collection methods (FIFO, cycle counts, stock audits, etc.).
- Ability to differentiate between corrective and preventive actions.
- Effective written and verbal communication for report writing and stakeholder interaction.
- Proficiency in MS Office (Excel, Word); familiarity with ERP/inventory systems is a plus.
- High level of integrity, objectivity, and professional ethics.
Qualifications
- Bachelor's degree in Commerce, Finance, Business Administration, or a related field.
- Diploma or certification in Auditing, Inventory Management, or Risk Management (preferred).
- 0–2 years of experience in audit, stock control, or FRM roles; freshers with relevant knowledge are encouraged to apply.
Interview Assessment Areas
Candidates will be evaluated on the following topics during the selection process:
Audit Domain
Inventory Domain
Audit objectives & planning
FIFO and stock audit methods
Audit techniques & evidence collection
Cycle count & discrepancy handling
Corrective vs. preventive action (CAPA)
Safety stock and negative inventory
Audit report writing
Material receiving checks
Scenario-based situational judgment
Root cause analysis for stock shortages
What We Offer
- Structured on-the-job training in audit and FRM practices.
- Exposure to cross-functional operations including inventory, procurement, and compliance.
- Performance-linked growth opportunities within the FRM department.
- Collaborative and professional work environment.
Note: Only shortlisted candidates will be contacted. Please ensure your application highlights relevant knowledge in audit principles, inventory control, and risk management.
