Internal Auditor

Job Summary:

A Concurrent Audit Associate/Analyst is responsible for conducting systematic, real-time

examinations of financial and operational activities to ensure accuracy, compliance, and

internal control, for the investee companies of Ilabs Group. Their primary task is to review

transactions as they occur, aiming for prompt detection of errors, irregularities, or fraud, and to

ensure adherence to organizational policies and statutory requirements

Key Responsibilities:

 Continuous verification of transactions: Reviewing daily or periodic transactions in real-

time, particularly focusing on sensitive or high-value operations such as cash

management, deposits, receivables, and payments.

 Ensuring compliance: Checking conformity with internal policies, regulatory

requirements, and management guidelines.

 Substantial checking over test checking: Audits emphasize thorough inspection of all

key transactions rather than just sampling, aiming for comprehensive oversight.

 Review and documentation: Preparing audit checklists, maintaining working papers,

and drafting audit reports highlighting irregularities or persisting issues.

 Detecting revenue leakage: Monitoring for income leakage and ensuring timely revenue

recognition.

 Monitoring statutory compliance: Ensuring accurate calculation and payment of

applicable taxes, proper authorization of transactions, and timely settlement of

advances.

 Supporting internal control systems: Reporting on the adequacy and effectiveness of

internal controls and suggesting improvements.

 Providing guidance: Interacting with operational staff to offer feedback, promote

internal vigilance, and help prevent fraud.

 MIS and reporting: Generating timely reports for management to help in decision-

making and process improvement.

Role requirements can include:

 Strong understanding of accounting and auditing principles.

 Familiarity with statutory and internal audit documentation requirements.

 Diligence, integrity, and the ability to work independently with minimal supervision.

Required Qualifications:

 Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.

 2–5 years of internal or external auditing experience.

 Proficiency in audit tools, data analytics, and Microsoft Office Suite.

Key Skills & Competencies:

 Strong analytical and problem-solving skills.

 High attention to detail and accuracy.

 Excellent written and verbal communication skills.

 Ability to work independently and as part of a team.

 Ethical judgment and ability to handle confidential information with integrity.

 Ability to manage multiple tasks and meet deadlines.

Preferred Experience:

 Familiarity with ERP systems.

 Experience in auditing in a regulated industry (e.g., financial services & Investment

sector).

 Knowledge of data analytics tools such as ACL, IDEA, or Power BI.