Financial Auditor

As an Internal Auditor in the Accounts Team, the incumbent is responsible for ensuring financial accuracy, operational efficiency, and regulatory compliance across all accounting and financial functions. The role involves meticulous verification and audit of transactions, payments, statutory compliance, and internal controls, with a focus on cost optimisation, risk management, and process improvement.

Key Responsibilities

• Prepare and analyze purchase cost and cost-saving reports, identifying opportunities for financial efficiency.
• Oversee monthly books closing activities, ensuring accuracy and timeliness of financial statements.
• Perform pre-verification and audit of all types of payments, including GST input validation and compliance.
• Audit and verify purchase orders and quotations, ensuring alignment with procurement policies and pricing norms.
• Validate payments based on the FIFO method and confirm stock availability before payment disbursal.
• Conduct utility and operational expense audits to ensure proper usage and billing.
• Audit statutory filings and processes, including GSTR returns, TDS, ESIC, PF, and other regulatory requirements.
• Generate and monitor daily cash flow statements and support fund planning to maintain financial liquidity.
• Audit and ensure proper application of the JSA cash flow statement process.
• Review and assess the effectiveness of the accounting system, ensuring data integrity and compliance.
• Lead internal audits across financial, operational, and compliance domains to identify control weaknesses and risks.
• Verify and audit salary, advance, ESI, and PF payments to ensure accurate disbursement and statutory compliance.
• Detect and report process inefficiencies, fraud risks, and recommend corrective measures.
• Prepare comprehensive audit reports and communicate findings and action plans to senior management.
• Maintain and verify monthly ECS checklists and ensure timely processing of recurring payments.
• Ensure compliance with internal policies and regulatory guidelines, and suggest control improvements.
• Review and audit RGP (Returnable Gate Pass) & NRGP (Non-Returnable Gate Pass) documents for procedural accuracy.
• Audit purchase-related debit and credit notes, ensuring timely adjustments in books.
• Verify and track advance payments of creditors and debtors, maintaining proper reconciliation.
• Audit and correct entries in the fixed assets ledger, ensuring accurate asset capitalization and depreciation tracking.

Qualifications

1. Bachelor’s degree in Commerce (B.Com) – Mandatory
2. Master’s degree in Commerce (M.Com) or MBA (Finance) – Preferred
3. 3–6 years of experience in accounting, internal audit, or compliance roles
4. Hands-on experience in accounts payable audits, statutory compliance (TDS, GST, PF, ESIC), and monthly book closures
5. Experience working with ERP/accounting software (e.g., Tally ERP, SAP, Busy, Zoho Books)
6. Strong understanding of Indian accounting standards, GST laws, and statutory compliance specific to India
7. Working knowledge of FIFO accounting, cash flow planning, and internal control systems
8. Proficiency in MS Excel, audit tools, and data analysis
9. Strong analytical, problem-solving, and communication skills
10. Ability to conduct field-level audits (e.g., store material confirmation, fixed asset checks)