Internal Audit ( Mumbai)

Job Description

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internal auditor's job involves objectively assessing an organization's financial and operational processes to ensure compliance with laws and regulations, identify and mitigate risks, and improve efficiency and internal controls. Key responsibilities include reviewing financial records, analyzing business data, developing audit plans, and communicating findings and recommendations to management to safeguard assets and support the organization's integrity.

Key Responsibilities

Reviewing Processes : Examining financial, operational, and IT processes to ensure they are efficient, effective, and compliant with internal policies and external regulations.

Risk Assessment : Identifying and evaluating potential risks (financial, operational, and compliance-related) and recommending strategies to manage and reduce them.

Compliance : Verifying that the organization adheres to relevant laws, statutes, industry regulations, and accounting standards.

Internal Controls : Assessing the effectiveness of internal controls designed to prevent fraud, protect assets, and ensure the accuracy of financial reporting.

Fraud Investigation : Investigating financial discrepancies and potential fraudulent activities within the organization.

Reporting : Documenting audit findings, best practices, and recommendations in reports and presentations for senior management.

Process Improvement : Providing actionable insights and recommendations to management for improving business processes, efficiency, and cost savings.

Skills and Qualifications

Analytical and Critical Thinking : The ability to analyze complex data, identify patterns, and draw sound conclusions.

Attention to Detail : A keen eye for accuracy and a meticulous approach to reviewing records and processes.

Communication : Strong verbal and written communication skills to effectively present findings and recommendations to various levels of management.

Technical Skills : Proficiency in financial analysis, data analysis, and accounting principles.

Objectivity and Impartiality : The ability to maintain independence and avoid bias in assessments and reporting.

Education : Typically requires a bachelor's degree in accounting, finance, business, or a related field.

Requirements

Work experience as an Accountant. Excellent knowledge of accounting regulations and procedures, including the Generally Accepted Accounting Principles (GAAP) Hands-on experience with accounting software like FreshBooks and QuickBooks. Advanced MS Excel skills including Vlookups and pivot tables.