1. Job Purpose: The Internal Audit Associate is responsible for the execution of internal audit activities to ensure accuracy of financial records, effectiveness of internal controls, compliance with applicable laws and regulations, and continuous improvement in organizational processes.

Key Responsibility Area (KRA):

1. Primary Job Roles:

• Assist in planning and executing internal audits across finance, production, stores, procurement, and sales functions.
• Examine financial records, transactions, and supporting documents for accuracy and compliance.
• Verify production data, raw material consumption, wastage, and yield analysis (for manufacturing operations).
• Conduct inventory audits including raw materials, WIP (Work-in-Progress), and finished goods.
• Review costing systems, BOM (Bill of Materials), and perform variance analysis.
• Ensure compliance with applicable laws and regulations, including VAT, taxation, and other statutory requirements.
• Evaluate procurement processes, vendor payments, and contract compliance.
• Review sales, dispatch, and revenue recognition processes.
• Assess internal control systems and recommend improvements.
• Prepare audit working papers, reports, and documentation accurately and timely.
• Preparation and analysis of MIS reports (daily, weekly, and monthly).
• Assist In Preparation of Financial Report, Projected Report, Working Capital Report and  any other required report.
• Identify risks, inefficiencies, and control gaps, and suggest corrective actions.
• Follow up on audit observations and ensure timely implementation of recommendations.
• Support external audits and regulatory audits as required.
• Maintain confidentiality, integrity, and professionalism in handling information.
• Others tasks as assigned by the supervisors.

2. Reporting

• Timely completion of audit assignments (%)
• Number of audit findings and resolution rate
• Reduction in control weaknesses and compliance gaps
• Accuracy and quality of audit reports
• Inventory discrepancies identified and resolved (Monthly Physical Verification)
• Timeliness and effectiveness of MIS reporting
• Improvement in cost control and variance reduction
• Management feedback on audit effectiveness