DM - Internal Audit - Mumbai Job Description Template
As Deputy Manager for Internal Audit based in Mumbai, you will play a crucial role in assessing the company's internal controls and compliance efforts. You will be responsible for planning, conducting, and managing internal audits, and ensuring that financial and operational controls are effective and align with regulations and standards.
Responsibilities
- Plan and execute internal audits in various departments.
- Evaluate the effectiveness and adequacy of internal controls and processes.
- Identify potential risks and areas for improvement.
- Prepare detailed audit reports with findings and recommendations.
- Coordinate with various departments to gather necessary information and documentation.
- Ensure compliance with regulatory requirements and internal policies.
- Assist in developing and implementing audit programs and procedures.
- Follow up on audit recommendations to ensure they are implemented appropriately.
Qualifications
- Bachelor's degree in Finance, Accounting, or related field.
- Professional certification such as CA, CPA, or CIA is preferred.
- Minimum 5 years of experience in internal auditing or a related field.
- Strong understanding of accounting principles and auditing standards.
- Ability to analyze complex financial data and prepare clear, concise audit reports.
- Attention to detail and strong problem-solving skills.
- Excellent communication and interpersonal skills.
- Ability to work independently and manage multiple tasks concurrently.
Skills
- Internal Auditing
- Risk Management
- Financial Analysis
- Regulatory Compliance
- Audit Reporting
- Microsoft Excel
- SAP or other ERP systems
- Attention to Detail
- Analytical Skills
- Communication Skills
Frequently Asked Questions
A DM - Internal Audit in Mumbai is responsible for overseeing and executing internal audits within a company to ensure financial integrity, compliance, and efficiency. They examine and evaluate the adequacy and effectiveness of management controls, provide assurance on financial reporting processes, and offer recommendations for improvements based on audit findings.
To become a DM - Internal Audit in Mumbai, candidates should typically hold a bachelor's degree in accounting, finance, or a related field. Professional certifications such as CA, CIA, or CISA enhance prospects. Experience in auditing, internal controls, risk management, and familiarity with industry standards are crucial. Networking and staying current with industry trends are also beneficial.
The average salary for a DM - Internal Audit in Mumbai varies based on factors such as experience, education, and company size. Typically, compensation includes a base salary along with potential bonuses and other benefits. Research and industry reports can provide detailed insights into current salary trends and comparisons in the Mumbai region.
Qualifications for a DM - Internal Audit role typically include a degree in finance, accounting, or a related discipline. Professional certifications like Chartered Accountant (CA), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA) are often required. Practical experience in auditing, internal controls, and risk assessment is highly valued.
A DM - Internal Audit requires strong analytical skills, attention to detail, and proficiency in risk management and internal control procedures. Responsibilities include conducting audits, preparing reports, analyzing financial data, and working with management to ensure compliance and efficiency. Leadership and effective communication are also essential for this role.