Internal Audit Executive ( Real Estate Developers)

Reports To:

About the Role

Internal Audit Executive

Key Responsibilities

Audit Planning & Execution

• Conduct internal audits of real estate development entities and projects.
• Review accounting records, cost sheets, project budgets, and cash flows.
• Identify gaps in processes, controls, and regulatory compliance.
• Verify reports for Sales, CRM Reports and their effect in the books of account.

Regulatory & Compliance

• Ensure adherence to RERA, GST, income tax, and company law requirements.
• Evaluate statutory compliances including labour laws and project-specific reporting.

Financial & Operational Review

• Revenue recognition, project cost allocation, WIP Working and escrow account utilization.
• Validate customer collections, advances, and agreements to sell/lease.
• Assess procurement, contractor billing, and inventory controls.

Reporting

• Prepare clear audit reports with findings, risk assessment, and recommendations.
• Present observations to partners and client management.

Process Improvements

• Suggest improvements to internal controls and MIS for project monitoring.
• Assist clients in implementing best practices for compliance and risk mitigation.

Qualifications & Skills

• Education:

  CA (Inter) / MBA (Finance) / B.Com with audit experience.

• Experience:

  25 years in internal audit, preferably with real estate or construction companies.

• Knowledge:

• Real estate development cycle, project accounting, and RERA compliance.
• GST implications, revenue recognition, and cost control in construction.

• Skills:

• Strong analytical and problem-solving abilities.
• Proficient in MS Excel and audit documentation tools.
• Good communication and report-writing skills.

Ideal Candidate Profile

• Prior experience auditing real estate developers, construction contractors, or infrastructure projects.
• Ability to work independently on field audits and interact with client teams.
• Detail-oriented with a practical understanding of ground-level operations in real estate projects.