Audit Executive - materials & other product price verification

examines a company's financial records to ensure that the costs of raw materials and goods are accurately recorded and priced

• Audit material costs

  : Collect and analyze data to verify the cost of raw materials, components, and inventory purchases.

• Validate pricing accuracy

  : Compare purchase orders, invoices, and other documentation to ensure that material pricing is accurate and adheres to vendor agreements.

• Review inventory records

  : Inspect and reconcile inventory records with physical stock counts, monitoring discrepancies and investigating the causes of variances.

• Examine internal controls

  : Evaluate the effectiveness of internal control procedures related to inventory, procurement, and cost management to identify potential weaknesses or areas for fraud.

• Report findings

  : Prepare clear and concise audit reports that document findings, propose corrective actions, and recommend improvements to internal processes and controls.

• Assess supplier performance

  : Review the pricing and accuracy of incoming deliveries against material specifications and communicate non-conformances to suppliers.

• Ensure compliance

  : Verify that all cost accounting practices and record-keeping procedures comply with both internal company policies and relevant financial regulations.

Key qualifications and skills":

• Educational background

  : A bachelor's degree in Accounting, Finance, or a related field is typically required.

• Experience

  : Prior experience in auditing, cost accounting, or financial analysis, preferably in a manufacturing, retail, or related industry, is often preferred.

• Analytical skills

  : The ability to collect, analyze, and interpret large volumes of financial data to identify patterns, errors, and risks.

• Attention to detail

  : A high degree of accuracy and a meticulous approach to examining financial records and documentation.

• Technical proficiency

  : Expertise with accounting software, Enterprise Resource Planning (ERP) systems, and data analysis tools, particularly Microsoft Excel.

• Communication skills

  : Excellent written and verbal communication to report findings to management and interact with other departments.

• Problem-solving

  : Strong investigative and critical thinking skills to research discrepancies and develop effective solutions.

Preferred candidate profile