Audit Manager

Urgent Opening for Audit Manager in PM Electronics

Key Responsibilities:

• External and Internal Auditing:
  
• Lead external audits and manage key aspects of internal audits, ensuring compliance with regulatory requirements and organizational policies.
• Conduct audits of financial records, operational processes, and internal controls, with a special focus on the company's mobile phone aftersales services.
• Internal Control Development & Implementation:
  
• Design and implement a robust and practical internal control system tailored to the company's operational realities and risk profile.
• Regularly review and improve internal control mechanisms across all business areas, with a particular focus on inventory management, financial transactions, and the approval process.
• Auditing Service Centres and Showrooms:
  
• Conduct periodic audits of service centres and showrooms, including physical stock audits and verification of sales transactions.
• Review internal controls and operational efficiencies, ensuring that all processes adhere to company policies and are aligned with the business's goals.
• Financial Reporting & Compliance:
  
• Regularly review accounting books and financial reports, ensuring that all journal entries, expense recordings, and financial statements comply with internal and external accounting standards.
• Prepare and review weekly/monthly cash reports, highlighting any discrepancies or risks that may affect financial integrity.
• Risk Control and Process Review:
  
• Conduct thorough reviews of risk control points, extending beyond financial processes to all business areas, including operational and compliance risks.
• Assess the effectiveness of the company's approval process, ensuring adequate pre-, mid-, and post-audit controls are in place.
• Cross-departmental Collaboration:
  
• Manage working pressure from other departments and ensure smooth collaboration between the auditing function and other business units (e.g., finance, operations, sales).
• Serve as a bridge between departments, identifying areas for improvement and mitigating risk through communication and process enhancement.
• Continuous Improvement and Reporting:
  
• Provide actionable insights to senior management on improving internal controls, operational processes, and financial reporting.
• Report audit findings to senior leadership, including recommendations for enhancing internal controls and reducing risk across the business.
• Mentoring & Team Development:
  
• Supervise and mentor junior audit staff, ensuring they have the necessary support and training to excel in their roles.
• Develop the teams skills in audit procedures, financial analysis, and reporting.

Sales Auditing:

• Conduct detailed audits of sales activities, including verification of revenue recognition, pricing, discounts, commissions, and sales order accuracy.
• Review sales transactions to ensure proper documentation, compliance with internal policies, and adherence to sales agreements.
• Audit showroom and service centre sales processes, focusing on inventory management, customer transactions, and adherence to pricing and discount policies.
• Identify any discrepancies in sales reporting, and recommend corrective actions to improve sales compliance and processes.

Market Auditing:

• Conduct market audits to assess the company's competitive position, pricing strategies, and the effectiveness of marketing and promotional activities.
• Audit market conditions, sales channels, and external relationships (distributors, retailers, third-party partners) to identify risks or discrepancies in reporting, pricing, and promotional practices.
• Assess market trends, sales performance, and promotional effectiveness to provide insights and actionable recommendations for the business.
• Ensure that market data used in decision-making (e.g., pricing models, competitor analysis) is accurate and consistent with actual performance.

Key Qualifications:

• Experience:
  
• At least five years of experience in external and internal auditing, with a strong background in accounting and financial controls.
• Prior experience working in a CA (Chartered Accountant) firm or similar professional auditing environment is required. Experience with mobile phone aftersales services or similar industries is a plus.
• Demonstrated experience in building and implementing internal control systems based on real operational challenges and risks.
• Education & Certifications:
  
• Bachelor's degree in Accounting, Finance, or a related field (required).
• CA, CPA, or equivalent professional certification (required).

Salary- 40k to 45k