Internal Audit Manager

Job Title: Internal Audit Manager
Job Location: Thane, Mumbai
Department: Internal Audit
Reports To: Audit Committee Chair
Employment Type: Full-Time
Level: Senior Manager

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.

• 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.

• Weekly reporting on strategy and implementation updates.
• Prepare the quarterly board package on completed audits.

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.

Skills

• Strong organizational, analytical, and communication skills.
• Ability to thrive in a challenging environment, meeting deadlines with disciplined work ethics.
• Proactive problem-solving abilities and an initiative-driven mindset.
• Proficiency in utilizing technology for audit processes.

Competencies

• Sound knowledge of audit practices, regulations, and compliance standards.
• Effective team player with the capacity to work collaboratively while achieving predefined objectives.
• Strong determination for professional growth within the industry.

• Competitive compensation and comprehensive benefits, including health insurance, provident fund contributions, and paid time off.
• Opportunities for training and development to enhance skills and capabilities.

• Managing the complexities of a wide range of shared services functions, including finance, IT, HR, and operations, along with regulatory and compliance aspects.
• Leading and managing a team of experienced professionals.

• Develop and implement new and innovative shared services solutions.
• Lead a team of talented professionals and support their growth.
• Play a key role in driving the organization's strategic agenda.