Audit Manager

Position Title:

Department:

Location:

Reporting to:

Preferred Industry

JOB PURPOSE:

• To lead and manage the internal audit function for the housing division, ensuring compliance, operational efficiency, and effective risk management.

• To provide strategic insights and actionable recommendations to senior management based on audit findings.

JOB RESPONSIBILITIES:

Functional Responsibilities:

• Develop and implement a risk-based internal audit plan for the housing division.

• Execute audits covering financial, operational, and compliance areas of housing projects.

• Evaluate the adequacy and effectiveness of internal controls in construction operations.

• Identify and mitigate operational, financial, and compliance risks, ensuring adherence to RERA and other industry-specific regulations.

• Conduct detailed reviews of project budgets, vendor agreements, and procurement processes.

• Monitor fund utilization, cost management, and financial reporting for housing projects.

• Assess housing project documentation, including land acquisition records and title verifications.

• Recommend process improvements for project management, financial controls, and reporting mechanisms.

• Collaborate with external auditors and regulatory authorities to address audit queries.

• Prepare and present comprehensive audit reports with actionable insights to senior management.

• Supervise and mentor the audit team, fostering a culture of continuous learning and improvement.

• Use data analytics tools to identify trends, anomalies, and high-risk areas in housing projects.

• Implement audit automation solutions to improve accuracy and efficiency in operations.

• Liaise with internal stakeholders to ensure effective implementation of audit recommendations.

• Stay updated with regulatory changes and evolving risks in the housing and construction industry.

• Develop dashboards and MIS reports to monitor key risks and audit progress.

• Provide advisory support on legal, compliance, and risk-related matters in housing projects.

Qualifications & Experience:

• Education: Chartered Accountant (CA) or Certified Internal Auditor (CIA)

• Experience: 10-15 years of internal audit experience with listed housing or construction companies.

• Preferred Industry: Housing or Construction

FUNCTIONAL COMPETENCIES:

Must-To-Go Skills:

• Proficiency in auditing tools and methodologies

• Expertise in housing/construction industry compliance and regulatory standards

• Strong skills in financial analysis, risk assessment, and process optimization

Good-To-Go Skills:

• Familiarity with project management and large-scale project audits

• Advanced knowledge of data analytics tools for auditing

Behavioral Competencies:

• Effective Communication and Stakeholder management skills

• High Integrity and Ethical standards

• Strong Problem-Solving and Decision-Making Abilities

Leadership Competencies:

• Entrepreneurial

• Relentless Reflection

• Business Acumen

• Nurturing People

• Executive Presence

• Emotional Intelligence

• Perseverance