Manager/Assistant General Manager - Internal Audit, CAS

Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational

conglomerate company, with business interests in engineering, construction,

manufacturing, technology, information technology and financial services,

headquartered in Mumbai. The company is counted among world's top five

construction companies.

The L&T Group comprises of 93 subsidiaries, 5 associate companies, 27 joint ventures

and 35 jointly held operations, operating across basic and heavy engineering,

construction, realty, manufacturing of capital goods, information technology, and

financial services.

Specialties

Aerospace, Infrastructure, Shipbuilding, Construction, Defense, Finance, Forging,

Hydrocarbon, Information Technology & Engineering Services, Construction

Equipment, Railways, Boilers, Process Plant, Turbines, Power, Renewable Energy,

Manufacturing, and Green Hydrogen.

Job Title: Internal Auditor

Key Responsibilities:

Audit Planning:

Develop and implement risk-based internal audit plans for project operations.

Identify key risks associated with project execution, including financial, operational, and compliance risks.

Design audit scopes, objectives, and timelines for reviewing projects.

Internal Control Evaluation:

Assess the effectiveness and efficiency of internal controls related to project activities, including procurement, budgeting, financial reporting, and resource allocation.

Identify weaknesses in controls and recommend improvements.

Project Financial Audits:

Review financial records of projects to ensure accuracy and compliance with accounting standards.

Conduct audits of project budgets, funding, cost allocation, and expenditure.

Monitor adherence to contractual obligations and project funding agreements.

Compliance and Risk Management:

Ensure that project activities comply with relevant laws, regulations, and internal policies.

Identify potential risks in project management processes and suggest strategies to mitigate them.

Conduct audits related to regulatory compliance, contract management, and external reporting requirements.

Project Performance Audits:

Evaluate the performance of projects, ensuring that objectives are being met within budget, timeline, and scope.

Review the efficiency of project resource utilization (staff, equipment, etc.).

Conduct post-implementation audits to assess the success and sustainability of projects.

Reporting and Recommendations:

Prepare audit reports with findings, conclusions, and recommendations for management.

Present audit results to project managers, senior leadership, and other stakeholders.

Follow up on audit recommendations to ensure corrective actions are implemented.

Advisory and Improvement Initiatives:

Provide consultative support to project teams to strengthen internal controls and enhance risk management strategies.

Offer insights for process improvements and opportunities for cost-saving and efficiency in project management.

Coordination and Collaboration:

Collaborate with project managers, finance teams, and other stakeholders to gather audit evidence and ensure transparency.

Work closely with external auditors where necessary, providing required documentation and insights.

Documentation and Record-Keeping:

Maintain thorough documentation of audit processes, findings, and follow-up actions.

Ensure all audit work is conducted in accordance with established standards, guidelines, and best practices.

Required Skills and Qualifications:

Education: CA

Experience: Industry experience of (8-15 years) in internal auditing, preferably within project-driven environments (e.g., construction, IT, engineering).

Familiarity with project management methodologies such as Agile, PRINCE2, or PMP is advantageous.

Technical Skills:

Strong understanding of internal control frameworks, audit techniques, and risk management principles.

Proficient in audit software and ERP systems.

Strong knowledge of accounting standards (GAAP, IFRS) and regulatory requirements.

Soft Skills:

Excellent analytical and problem-solving skills.

Strong communication and report-writing abilities.

Ability to work independently and as part of a team.

High level of integrity and ethical behaviour.

Key Competencies:

Risk Assessment

Financial Auditing

Compliance Auditing

Project Management Knowledge

Analytical Thinking

Communication and Reporting

Stakeholder Management

Work Environment:

This position will require travel to project sites for on-site audits (2 weeks in a month). The auditor should be comfortable working in a dynamic project environment with multiple ongoing initiatives.