Senior Manager Internal Audit

Role Purpose

To establish and lead the Internal Audit function across Ishan Group, ensuring effective controls, process discipline, financial integrity, compliance and prevention of financial leakages and irregularities.

Key Responsibilities

• Set up Internal Audit Function: Develop the Internal Audit framework, policies, SOPs, audit methodology, annual audit plan and reporting mechanism.
• Process Audit: Conduct risk-based audits of key business and support processes including sales, billing, procurement, projects, collections, finance, HR, IT and operations.
• Transaction & Payment Audit: Review and validate major/high-risk transactions and payments, including invoices, POs, approvals, supporting documents, contractual terms and Delegation of Authority.
• Vendor & Expense Audit: Audit vendor onboarding, procurement, vendor payments, employee expenses, reimbursements, advances and other operating expenses to identify irregularities, duplication, overpayment and leakages.
• Project & Commercial Audit: Review project costs, billing, margins, collections, contractual compliance, project expenses and revenue leakages.
• Financial & Internal Control Review: Evaluate internal controls, segregation of duties, authorization processes and compliance with company policies.
• Fraud & Special Reviews: Conduct investigations / special audits relating to suspected fraud, financial irregularities, policy violations or management concerns.
• Audit Reporting: Issue concise audit reports covering observations, risks, financial impact, root cause and corrective actions.
• Follow-up: Track closure of audit observations and ensure implementation of agreed corrective actions.
• Data Analytics: Develop data-driven checks and exception reports for continuous monitoring of transactions, payments, vendors and expenses.

Key Deliverables

• Risk-based annual Internal Audit Plan
• Regular process and transaction audits
• Effective review of payments, vendors and expenses
• Identification of financial leakages and control weaknesses
• Timely audit reports and closure of observations
• Continuous strengthening of internal controls and governance

Candidate Profile

• CA equivalent qualification preferred
• 10+ years of relevant experience in Internal Audit / Risk / Finance / Assurance.
• Experience in setting up or leading Internal Audit function.
• Strong understanding of accounting, finance, procurement, payments and internal controls.
• Strong analytical, investigative and communication skills.
• High level of integrity, independence and professional judgment.