Internal Audit Manager

Company Description

Meril is dedicated to designing, manufacturing, and distributing state-of-the-art medical devices to alleviate human suffering and improve the quality of life. Established in 2006 as part of a health-care diversification plan by a large Indian multinational company, Meril focuses on R&D and adheres to the highest quality standards in manufacturing, scientific communication, and distribution. For more information, visit: Meril Disclaimer.

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The Manager – Internal Audit will be responsible for leading internal audit activities for assigned verticals within the organization. The role requires end-to-end ownership of audits, from planning and execution to reporting and follow-up. The incumbent will play a critical role in strengthening internal controls, ensuring compliance with policies and regulations, and identifying opportunities for process improvement and cost optimization.

• Hands-on experience in SAP ECC 6.0
• Advanced knowledge of Microsoft Excel, PowerPoint, and Word
• General awareness of Information Technology and its impact on business processes

• Strong written and verbal communication skills
• Ability to quickly develop business acumen
• Analytical mindset with critical and logical reasoning ability
• High-quality reporting and presentation skills
• Excellent interpersonal and stakeholder management skills

Internal Audit Management

• Lead and supervise internal audits for assigned business verticals.
• Conduct comprehensive audits, ensuring timely identification, reporting, and closure of observations.
• Partner with process owners and functional heads to implement sustainable corrective actions.

Governance, Risk, and Compliance

• Draft, review, and update Standard Operating Procedures (SOPs) and policies in consultation with business owners.
• Identify and address control gaps, risk exposures, and non-compliances.
• Ensure systematic adherence to policies and regulatory requirements through regular audit reviews.

Assurance and Monitoring

• Conduct periodic verification of fixed assets, inventories, and material movements.
• Perform continuous monitoring of critical business transactions to detect inefficiencies and risks.
• Provide actionable recommendations on:
• Master Data Management (Customer, Vendor, Item, Bill of Material)
• Major contract reviews
• Sales and purchase order controls
• Discounts, rebates, and commercial arrangements
• Inventory, receivables, payables, and advances ageing
• Production efficiency, process losses, and post-project benefit realization

• Internal Audit Planning and Execution
• Risk Assessment and Control Design
• Process Review and Re-engineering
• Analytical and Problem-Solving Ability
• Stakeholder Engagement and Communication

• Chartered Accountant (CA) or equivalent are a plus
• 4 to 6 years of post-qualification experience in Internal Audit, preferably in medical devices or pharmaceutical manufacturing companies.
• Exposure to governance, risk, and compliance frameworks, with proven ability to design and implement effective controls.
• Analytical Skills
• Finance and Accounting knowledge
• Experience in Internal Controls
• Proficiency in conducting Financial Audits
• Strong written and verbal communication skills
• Attention to detail and problem-solving abilities
• Bachelor's degree in Finance, Accounting, or a related field