Job description
Role Purpose
To establish and lead the Internal Audit function across Ishan Group, ensuring effective controls, process discipline, financial integrity, compliance and prevention of financial leakages and irregularities.
Key Responsibilities
Set up Internal Audit Function: Develop the Internal Audit framework, policies, SOPs, audit methodology, annual audit plan and reporting mechanism.
Process Audit: Conduct risk-based audits of key business and support processes including sales, billing, procurement, projects, collections, finance, HR, IT and operations.
Transaction & Payment Audit: Review and validate major/high-risk transactions and payments, including invoices, POs, approvals, supporting documents, contractual terms and Delegation of Authority.
Vendor & Expense Audit: Audit vendor onboarding, procurement, vendor payments, employee expenses, reimbursements, advances and other operating expenses to identify irregularities, duplication, overpayment and leakages.
Project & Commercial Audit: Review project costs, billing, margins, collections, contractual compliance, project expenses and revenue leakages.
Financial & Internal Control Review: Evaluate internal controls, segregation of duties, authorization processes and compliance with company policies.
Fraud & Special Reviews: Conduct investigations / special audits relating to suspected fraud, financial irregularities, policy violations or management concerns.
Audit Reporting: Issue concise audit reports covering observations, risks, financial impact, root cause and corrective actions.
Follow-up: Track closure of audit observations and ensure implementation of agreed corrective actions.
Data Analytics: Develop data-driven checks and exception reports for continuous monitoring of transactions, payments, vendors and expenses.
Key Deliverables
Risk-based annual Internal Audit PlanRegular process and transaction auditsEffective review of payments, vendors and expensesIdentification of financial leakages and control weaknessesTimely audit reports and closure of observationsContinuous strengthening of internal controls and governanceCandidate Profile
CA equivalent qualification preferred10+ years of relevant experience in Internal Audit / Risk / Finance / Assurance.
Experience in setting up or leading Internal Audit function.
Strong understanding of accounting, finance, procurement, payments and internal controls.
Strong analytical, investigative and communication skills.
High level of integrity, independence and professional judgment.
