Associate | Assistant Manager - Internal Audit

Job Description

We are looking for a dynamic Internal Audit professional with hands-on exposure in P2P (Procure-to-Pay) and O2C (Order-to-Cash) cycles. The candidate should have experience during articleship or post-qualification in conducting internal audits, process reviews, and internal control testing.

Key Responsibilities

1. Internal Audit Execution

• Perform internal audits as per the approved audit plan.
  
• Conduct risk assessment and process walkthroughs.
  
• Identify control gaps and recommend process improvements.
  
• Prepare audit working papers and draft audit reports.
  

2. P2P (Procure-to-Pay) Cycle Review

• Review procurement processes including:
  
• Vendor onboarding & master controls
  
• Purchase requisition & purchase order process
  
• GRN matching
  
• Invoice processing & 3-way matching
  
• Payment controls
  
• Check compliance with delegation of authority (DOA).
  
• Review vendor reconciliations and ageing analysis.
  

3. O2C (Order-to-Cash) Cycle Review

• Review order processing and sales invoicing.
  
• Verify credit approval process and credit limits.
  
• Analyze receivables ageing and collection efficiency.
  
• Test controls over revenue recognition.
  
• Review debit/credit notes and adjustments.
  

4. Internal Controls & Compliance

• Testing of Internal Financial Controls (IFC).
  
• Evaluate SOP compliance.
  
• Support management in strengthening control framework.
  
• Assist in fraud risk identification and investigation (if required).
  

5. Reporting & Documentation

• Prepare audit reports with observations, risk ratings, and recommendations.
  
• Follow up on closure of audit findings.
  
• Maintain proper audit documentation.
  

Desired Candidate Profile

• CA Fresher with Internal Audit exposure during articleship
  OR
  
• 13 years of experience in Internal Audit (P2P/O2C exposure mandatory)
  
• Strong understanding of business processes and internal controls.
  
• Knowledge of ERP systems (SAP / Oracle / Tally preferred).
  
• Good analytical and communication skills.
  
• Willingness to travel (if required).
  

More Info

Education