Internal Audit Manager

Job Description – Manager, Internal Audit

Position Title

Manager – Internal Audit

Reporting To

ED, Audit

Role Purpose

The Manager – Internal Audit shall be responsible for planning, executing, and monitoring internal audit activities across academic, administrative, financial, and operational functions of the University. The role will ensure compliance with policies, procedures, regulatory requirements, and internal controls while identifying risks, process gaps, and opportunities for operational improvement.

Key Responsibilities

1. Internal Audit Planning & Execution

• Develop and execute risk-based internal audit plans covering academic, administrative, financial, and operational functions.
• Conduct periodic audits to evaluate the effectiveness of internal controls, policies, and procedures.
• Assess compliance with University regulations, delegated authorities, and governance frameworks.
• Identify control weaknesses, process gaps, and operational risks.

2. Financial & Compliance Audits

• Review financial transactions, payroll processes, procurement activities, reimbursements, and budget utilization.
• Verify compliance with applicable statutory, regulatory, and institutional requirements.
• Support preparation for external audits, inspections, and regulatory reviews.
• Ensure proper documentation and audit trail maintenance across functions.

3. Process Review & Risk Management

• Evaluate operational processes and recommend improvements to enhance efficiency, transparency, and accountability.
• Conduct risk assessments and assist departments in implementing effective control mechanisms.
• Monitor key organizational risks and recommend mitigation measures.
• Promote a culture of compliance and risk awareness across the University.

4. Audit Reporting & Follow-up

• Prepare audit reports highlighting observations, risks, root causes, and recommendations.
• Present audit findings to senior management and relevant stakeholders.
• Track implementation of corrective and preventive actions arising from audit observations.
• Conduct follow-up reviews to ensure closure of audit findings.

5. Investigation & Special Reviews

• Conduct special audits, investigations, and management reviews as directed by University leadership.
• Examine instances of policy violations, control failures, financial irregularities, or process non-compliance.
• Provide fact-based analysis and recommendations for corrective action.

6. Policy & Governance Support

• Review policies, SOPs, and operational guidelines to ensure adequacy of controls.
• Support development and enhancement of governance frameworks and internal control systems.
• Recommend process standardization and automation opportunities.

7. Stakeholder Management

• Collaborate with academic and administrative departments to facilitate audit activities.
• Provide guidance to departments on compliance requirements and control improvements.
• Maintain constructive working relationships while ensuring audit independence and objectivity.

8. Data Analysis & MIS

• Analyze operational and financial data to identify trends, exceptions, and risk indicators.
• Prepare audit dashboards, management reports, and compliance status reports.
• Support data-driven decision-making through audit insights and recommendations.

Qualification & Experience

• CA / CA Inter / ICWA
• Minimum 5 years of experience in Internal Audit, Risk Management, Compliance, Finance Audit, or Operational Audit.
• Prior experience in a University, Educational Institution, or large service organization shall be preferred.
• Experience in conducting operational, financial, compliance, and process audits.
• Strong understanding of internal controls, risk management frameworks, and governance practices.

Key Skills & Competencies

• Internal Audit
• Risk Assessment & Risk Management
• Financial & Operational Auditing
• Compliance Management
• Internal Controls Evaluation
• Process Improvement
• Investigation & Root Cause Analysis
• Audit Reporting
• Data Analysis & MIS
• Stakeholder Management
• Attention to Detail
• Problem Solving & Decision Making