Assistant Manager Internal Audit

Role: Assistant Manager (Internal Audit)

Location: Somajiguda, Hyderabad

Department: Internal Audit

Company: Patil Rail Infrastructure Pvt. Ltd.

Employment Type: Full Time

Experience: Minimum 5+ years

Qualification: ICWA / CA Inter / CIA / ICWA Inter

Job Overview:

We are seeking a detail-oriented and analytical Assistant Manager – Internal Audit to support the planning, execution, and reporting of internal audits at the CHQ. The role focuses on evaluating internal controls, identifying process gaps, ensuring compliance, and supporting risk management across business operations in a manufacturing environment.

Key Responsibilities

1. Audit Planning & Documentation

• Assist in preparing annual and periodic internal audit plans.
• Prepare audit documentation including Audit Program, Risk Control Matrix (RCM) , and planning papers.

2. Risk Assessment & Internal Controls

• Conduct risk assessments to identify gaps, inefficiencies, and improvement opportunities.
• Evaluate the design and operational effectiveness of internal controls, SOPs, and processes.

3. Audit Execution

• Conduct audits as per approved audit plans.
• Ensure compliance with regulatory requirements , company policies, and industry standards.
• Maintain confidentiality and integrity of audit information.
• Prepare workpapers ensuring accuracy and completeness as per audit standards.
• Identify red flags, potential fraud indicators, and control breakdowns.
• Support special audits, investigations, and management-requested reviews.

4. Reporting & Review

• Prepare audit observations and draft audit reports.
• Discuss findings with process owners and the Plant Head to ensure factual accuracy and implementable recommendations.

5. Coordination & Follow-Up

• Coordinate with cross-functional teams to close audit findings.
• Monitor Action Taken Reports (ATR) and follow up on implementation of audit recommendations.

Qualifications

• ICWA Qualified / CA Inter / CIA / ICWA Inter (mandatory).
• Strong understanding of internal controls, IIA/ICAI audit standards.

Experience

• Minimum 5 + years of experience in Internal Audit , preferably in a manufacturing environment .

Key Skills & Competencies

• Internal audit principles, internal controls, and risk management
• Strong report writing & communication skills
• Knowledge of GST, Factory Laws, Manpower Laws, EHS Laws , and statutory regulations
• Analytical thinking & problem-solving
• Ability to work independently and collaboratively
• Willingness to travel for audits
• Good understanding of business processes, documentation, and compliance