Senior Internal Auditor

Designation - Senior Internal Auditor/Asst .Manager - Internal Audit

Qualification - CA

Experience - 2 to 4 yrs

Role & responsibilities

1. Audit Planning & Strategy Develop and implement the annual risk-based audit plan aligned with company objectives.

2. Audit Quality & Oversight Ensure audits are executed timely and meet professional quality standards through effective supervision.

3. Risk Advisory, Compliance & Value Addition Provide insights on key risks and internal controls, ensure compliance with applicable laws and regulations, and recommend practical solutions to improve efficiency, strengthen processes, reduce costs, and prevent revenue leakage.

4. Teamwork & Review:- Foster collaboration, coordination, and knowledge sharing within the IA team.Review and validate audit work done by seniors and juniors to ensure accuracy, consistency, and quality before final reporting.

5. Management Reporting Prepare and present clear, accurate, and solution-oriented Internal Audit reports and updates to management.

6. Stakeholder Engagement Engage with process owners, HODs, and management to discuss audit findings, agree on practical solutions, and regular follow updates on implementation status.

7. Follow-up & Escalation Monitor closure of audit findings, and escalate delays or high-risk issues to management and HODs.

8. Innovation & Automation in IA Drive adoption of ERP controls, automated monitoring, and use of Automation Tools

9. Project Budgeting & Cost Planning: - Preparation of detailed project cost sheets - Assist in feasibility study & cost estimation - Prepare BOQ-based budget tracking - Develop project cash flow forecasts - Monitor budget utilization project-wise

10. Cost Monitoring & Variance Analysis: - Track actual vs budget on a monthly basis - Identify cost overruns and recommend corrective action - Analyze RCC, MEP, finishing, liaisoning, and marketing costs - Department-wise overhead allocation

11. Contract & Vendor Cost Control: - Review work orders and contracts - Validate RA bills & contractor claims - Certification coordination with Project Team - Monitor change orders and additional work cost impact - Control usage of miscellaneous expense heads

12. WIP & Inventory Control: - Monitor Work-in-Progress (WIP) - Ensure proper capitalization of project costs - Cost allocation between inventory & expense - Revenue recognition coordination with accounts

13. Cash Flow & Fund Control: - Track project inflows vs outflows - Align cost planning with funding availability - Monitor finance cost capitalization - Support loan drawdown planning

14. ERP & Cost Systems: - Ensure correct cost booking in ERP - Validate cost center & project coding - Assist in setting up budget controls in ERP - Maintain cost control MIS

15. MIS & Reporting: - Monthly Project Cost Report - Budget variance report - Department-wise overhead analysis - Project margin tracking - Management presentation support

Desired Skills: -

1.Strong understanding of construction costing and BOQ analysis

2.Real estate accounting knowledge

3.Advanced Excel skills (Pivot, MIS, Costing)

4.ERP knowledge (Construction ERP preferred)

5.Analytical and commercial mindset

Preferred candidate profile

• Effective communication skill and written communication skills
• Effective Audit Report drafting skill.
• Proven work experience of 2 to 5 Years as a CA in similar role.
• Thorough knowledge of accounting procedures.
• In-depth understanding of Generally Accepted Accounting Principles (GAAP)
• Experience with accounting ERP software generally used in real-estate industry.
• Computer literacy, MS Excel in particular (familiarity with VLOOKUPs and pivot tables)
• Excellent analytical skills with an attention to detail.
• Strong time management skills.
• Integrity, with an ability to handle confidential information.