Assistant Manager - Internal Audit

About Lodha Ventures An Abhinandan Lodha Enterprise: (https://www.lodhaventures.com/):

Lodha Ventures, an Abhinandan Lodha Enterprise, is a formidable collective of some of the best-of-breed, high-growth new-age businesses. We back highly ambitious ideas and turn them into category-disrupting businesses built to stand the test of time.

We are a launchpad for nascent businesses that have the potential to become a part of our eclectic mix of businesses. We deploy unlevered and patient proprietary capital with a focus on value creation, unconstrained by the pressures of redemption.

Our decentralized portfolio operates with independent CEOs and empowered leadership teams, fostering a performance-driven culture that sparks value creation. This ecosystem cultivates consumer-centric brands at the forefront of innovation, always pursuing excellence. Anchored in sound business practices, our businesses are poised for greatness, shaping industries as they grow.

About the Role:

The Internal Auditor will be responsible for conducting independent and objective evaluations of an organization's internal controls, financial systems, and operational processes. The primary goal is to assess the organization's risk management practices, financial reporting accuracy, and compliance with policies, procedures, and regulatory requirements. The Internal Auditor works closely with various departments and stakeholders to provide valuable insights and recommendations for improving operations and enhancing overall organizational performance.

Reporting To: Head Internal Audit, Group Finance Office

Your Key Responsibilities:

• Conduct Internal Audits: Plan, execute, and manage internal audits in accordance with established audit plans, timelines, and methodologies. This includes assessing the effectiveness of internal controls, identifying weaknesses, and evaluating compliance with relevant laws and regulations.
• Risk Assessment: Identify and analyze potential risks within the organization's processes and operations. Develop risk-based audit plans to address these risks effectively.
• Review Financial Records: Examine financial records, transactions, and accounting practices to verify accuracy, completeness, and adherence to accounting principles.
• Process Evaluation: Evaluate operational processes across various departments to ensure efficiency, effectiveness, and compliance with established policies and procedures.
• Data Analysis: Utilize data analytics tools and techniques to extract insights from financial and operational data, enhancing audit efficiency and effectiveness.
• Report Generation: Prepare detailed audit reports, highlighting findings, recommendations, and action plans to address identified deficiencies. Present audit findings to management and key stakeholders.
• Compliance Monitoring: Monitor and review corrective actions taken by management in response to audit findings to ensure timely and effective resolution.
• Continuous Improvement: Identify opportunities for process improvement, risk mitigation, and cost-saving measures throughout the organization.
• Compliance and Regulatory Updates: Stay up to date with changes in laws, regulations, and auditing standards that may impact the organization, ensuring compliance with all relevant requirements.

Experience & Education Required:

• Minimum 1-2 Years of experience in internal audit (day-to-day audit)
• CA

Key Skills and Attributes:

• Proven experience in internal auditing, external auditing, or relevant financial roles.
• Strong knowledge of auditing principles, practices, and standards.
• Proficiency in data analysis and using audit software/tools.
• Excellent analytical and problem-solving skills.
• Strong communication skills (both written and verbal) to effectively convey audit findings and recommendations.
• Ability to work independently and collaboratively within a team environment.
• Ethical and objective approach to auditing practices.

Why Join Us:

• Competitive salary and benefits package
• Opportunity to work in a dynamic and fast-paced environment
• Be a part of the core team that drives the growth of the Group