Job Title: Internal Audit Manager
Job Location: Thane, Mumbai
Department: Internal Audit
Reports To: Audit Committee Chair
Employment Type: Full-Time
Level: Senior Manager
Position Details
Job Purpose
The Internal Audit Manager will protect the organization's assets, ensure compliance with internal procedures, and maintain an up-to-date knowledge of international and local regulations. The role involves planning and monitoring the implementation of internal audit plans for the organization and its clients.
Duties and Responsibilities
- Ensure compliance with internal regulations and controls, recommending improvements where necessary.
- Analyze audit outcomes to identify strategies for increased profitability and cost reduction.
- Develop and maintain documentation related to audits for internal records.
- Collaborate with internal stakeholders to provide updates on audit findings and processes.
- Manage and mentor the internal audit team to achieve departmental goals.
- Participate actively in industry organizations to enhance professional networking and development.
- Work collaboratively within a team environment, meeting predefined deadlines and achieving results under pressure.
Additional Responsibilities
- Lead and supervise the internal audit team, ensuring adherence to established controls and regulatory guidelines.
- Conduct detailed examinations of documentation, reports, records, and statements to gather relevant information for audits.
- Reconcile documented information with physical inventory/assets to ensure accuracy and integrity.
- Develop, monitor, and execute comprehensive internal audit plans, ensuring compliance and identifying areas for improvement.
- Present detailed audit findings and trends to internal stakeholders, providing recommendations for optimizing profits and reducing unnecessary costs.
- Stay updated on audit procedures, industry regulations, and best practices through workshops, seminars, and industry-related events.
- Foster specialization in auditing practices within the shipping industry.
Direct Reports
- Weekly reporting on strategy and implementation updates.
- Prepare the quarterly board package on completed audits.
Qualifications
Minimum Experience Requirements
- 5+ years of experience in Internal Audit, including 3+ years in a managerial role.
- Exposure to external audit firms and extensive familiarity with local laws and regulations.
- Fluent in English.
Preferred Experience Requirements
- Proven experience in enhancing audit procedures for efficiency and effectiveness.
- Track record of implementing controls to prevent fraud and minimize waste.
- Expertise in the shipping industry's auditing practices is advantageous.
Minimum Education Requirements
- CPA qualification with a minimum of 5 years of experience.
