Job Description
Position Title: Assistant Manager / Audit Manager – Corporate Audit Services
Role Overview
The Assistant Manager / Audit Manager – Corporate Audit Services is responsible for planning, executing, and managing internal audits across Project operations, Units and offices, ensuring strong governance, risk management, and internal control frameworks. The role focuses on evaluating financial integrity, operational efficiency, regulatory compliance, and project performance while providing strategic advisory to enhance business processes and mitigate risks.
Key Responsibilities
- Audit Planning & Risk Assessment
- Develop and implement risk-based internal audit plans for project operations.
- Identify and evaluate key risks related to Project execution/ Units / offices, including:
- Financial risks
- Operational risks
- Compliance risks
- Define audit scope, objectives, methodologies, and timelines for project audits.
- Prioritize audits based on risk exposure and business criticality.
- Internal Control Evaluation
- Assess the design, adequacy, and effectiveness of internal controlsacross project lifecycle activities, including:
- Project planning & Execution
- Procurement / Sub-Contracting
- Financial reporting
- Revenue and Client billing
- Health, Safety and Environment
- Identify control gaps and weaknesses and recommend actionable improvements.
- Ensure alignment with established internal control frameworks and best practices.
- Project Financial Audits
- Conduct detailed reviews of project financial recordsto ensure:
- Accuracy and Completeness
- Compliance with IND Accounting Standards
- Audit project budgets, cost allocations, funding utilization, and expenditures.
- Verify adherence to contractual terms, funding agreements, and financial policies.
- Detect and prevent financial irregularities or inefficiencies.
- Compliance & Risk Management
- Ensure project activities comply with:
- Applicable laws and regulations
- Internal policies and procedures
- Contractual obligations
- Perform compliance audits covering regulatory requirements and external reporting.
- Identify emerging risks in project processes and recommend risk mitigation strategies.
- Promote a culture of risk awareness and compliance discipline.
- Project Performance Audits
- Evaluate project performance against defined:
- Objectives and Budget
- Timeline and Scope
- Assess efficiency in resource utilization (manpower, equipment, materials).
- Conduct post-implementation audits to evaluate project success, sustainability, and lessons learned.
- Recommend process improvements to enhance project outcomes.
- Reporting & Stakeholder Communication
- Prepare and present comprehensive audit reportsincluding:
- Key findings and Risk implications
- Root cause analysis and Practical recommendations
- Present audit results to senior management, project leadership, and stakeholders.
- Track and follow up on implementation of audit recommendations.
- Advisory & Process Improvement
- Provide consultative support to project teams in strengthening internal controls.
- Identify opportunities for:
- Cost optimization
- Process efficiency and Improved governance
- Support process transformation initiatives and continuous improvement programs.
- Documentation & Audit Governance
- Maintain accurate, complete, and well-organized audit documentation.
- Ensure compliance with internal audit standards, methodologies, and guidelines.
- Support quality assurance reviews and continuous audit process enhancement.
Required Qualifications: CA (Mandatory) with 5 to 11 years of post-qualification relevant work experience preferably in construction or manufacturing sector.
Soft Skills
- Excellent analytical and critical thinking capabilities
- Strong communication and presentation skills
- Effective report writing and documentation ability
- High level of integrity, ethics, and professionalism
- Ability to manage audits in a dynamic environment
- Strong leadership and stakeholder management skills
Work Environment & Travel
- Role requires frequent travel to Project Sites (up to 2 weeks per month).
- May involve working in challenging site conditions depending on Project locations.
Reporting Structure
- Reports to: Zonal Head – Corporate Audit Services / Senior Audit Manager
