Department: Construction Audit / Internal Audit-Civil
Reports To: Audit Manager
Experience Level:2–4 years
Location: Onsite / Hybrid -Gurgaon
Employment Type: Full-time
Role Summary
We are seeking a detail-oriented Construction Audit Analyst to join our team performing post and
concurrent audits of US-based construction projects.
The role focuses on reviewing prime contractor and subcontractor payment applications, evaluating
change orders, and detecting billing anomalies to ensure project spend is accurate, contract-compliant,
and properly supported. The ideal candidate combines strong financial analysis skills with working knowledge of US construction contracts and delivery methods and is comfortable using both Excel and AI-enabled audit tools.
Key Responsibilities
- Review prime contractor and subcontractor payment applications (e.g., AIA G702/G703 or equivalent) for accuracy, contract compliance, and supporting documentation
- Conduct post-audit and concurrent (real-time) reviews of project draws against approved budgets, schedules of values, and contract terms
- Analyze change orders for cost reasonableness, scope validity, markup/fee compliance, and proper authorization.
- Perform anomaly detection across billing data :identifying duplicate billings, overbilling, retainage
- errors, unsupported costs, and schedule-of-values manipulation
- Verify lien waivers, retainage calculations, stored materials documentation, and compliance with contract payment terms.
- Cross-check subcontractor billings against prime contractor pass-through amounts and contract fee structures.
- Apply knowledge of different fee arrangements (cost-plus, GMP, fixed fee, fee-on-cost, sliding scale fees) to assess appropriateness of billed amounts.
- Evaluate compliance with contract type provisions (lump sum, cost-reimbursable, unit price, GMP, time & material).
- Use Excel (advanced formulas, pivot tables, data models) and AI-powered audit tools to analyze large volumes of payment and change order data.
- Prepare clear, well-documented audit findings, exception reports, and summary memos for audit managers and clients.
- Flag red flags or irregularities for escalation and further investigation.
- Maintain organized audit workpapers in line with firm/team documentation standards.
Required Qualifications
- 2–4 years of experience in construction auditing, cost/schedule consulting, construction accounting, or related financial analysis roles
- Strong understanding of US construction contracts and terminology (AIA, Consensus Docs, or similar standard forms).
- Working knowledge of contract types: Lump Sum/Fixed Price, Cost-Plus, GMP (Guaranteed Maximum Price), Unit Price, Time & Material.
- Understanding of fee application methods: fee-on cost, fixed fee, sliding-scale fee, general condition vs. general requirements vs. overhead & profit.
- Advanced proficiency in Microsoft Excel (VLOOKUP/XLOOKUP, pivot tables, data validation, formula auditing).
- Excellent written communication skills for audit documentation and findings reporting
- Bachelor's degree in construction management, Quantity Surveying, or related field.
Core Competencies
- Attention to Detail
- Consistently identifies discrepancies in payment data, documentation, and calculations.
- Contract Literacy: Reads and interprets construction contract clauses relevant to payment and change order terms
- Analytical Rigor Applies structured analysis to detect billing anomalies and unsupported costs
