Concurrent Auditor

Concurrent Auditor for Accounts Payable and Accounts Receivable process based at Corporate Office

III. KEY RESPONSIBILITIES

Core Responsibilities

• Identifying a statistical sample based on audit principles
• Random checking of approved non-medical invoices (PRS) based on statistical sampling to ensure the correctness of the approval process
• Random checking of Medical invoices with a focus in high-value invoices
• Review of Invoices falling in the outlier zone
• Analysis of Purchase Orders (PO’s), Agreements, PRS, and expense items for any disparities and inconsistencies
• Review of Travel Invoices and corresponding vendor agreements
• Verify Manual entries posted by the SSC team in Accounts Payable (AP) and Accounts Receivables (AR) in the system
• Review of Manpower Invoices and corresponding compliances & Salesforce
• Review of CCC Vendor Invoices and Salesforce tagging
• Review of Key Word Files and PRS from ABAC assurance perspective
• Periodic review of Vendor agreements and Rate Contracts
• Usage of Digital Library and uploaded documents checking
• Review of employee claims for any errors
• Vendor Payments review for payment before TAT 
• Review and Verification of Creditors Reconciliations, Debtors Reconciliations and GSTIN Reconciliations
• Identifying Process Improvement opportunities
• Payments analysis for any inconsistencies
• Expense Trending analysis
• Credit Note analysis
• Checking of minimum 100 invoices in a week
• Other assurance related activities as may be identified

IV. KEY PERFORMANCE INDICATORS

Measurable Deliverables

• Daily Checking of agreed sample size
• Publishing Daily / Weekly Concurrent Audit Report
• Accurate reporting of issues with Root Cause Analysis.
• Escalate the issues on time.
• Action Taken Report (ATR)

V. JOB REQUIREMENTS

Minimum Qualifications

Chartered Accountant (CA)

Experience

Preferably with 4 to 5 years in corporate accounting / Internal Audit / accounts payable team.

Behavioral Skills

• Good Interpersonal skills.
• High Integrity levels.
• Confident, assertive, problem solver & motivator.
• Good Communication – Verbal & Written

Technical Skills

• Have strong knowledge of the accounts payable process
• Should have experience of working in an ERP environment
• Good working knowledge and experience of Microsoft Excel.
• Should have a good understanding of accounts payable & procurement process.
• Data Analytical skills

Language Skills

English & Hindi

VI. KEY INTERACTIONS

Key Internal Contacts

Key External Contacts

•          Shared Service Center (SSC) team
•          Unit Finance Team
•          Stores Team
•          Supply Chain Management Teams

•          Internal Auditors
•          Statutory Auditors