Job description

Job Title : Internal Audit Manager

Experience: 7+ Years

Location: Andheri West (Mumbai)

Job Summary:

The Internal Audit Manager will lead and execute internal audits for an export trading company, ensuring strong governance, robust internal controls, and full compliance with Indian corporate, income tax, and indirect tax regulations. The role requires hands-on experience in auditing export operations, foreign trade transactions, and statutory compliance under the Indian regulatory regime.

Key Responsibilities:

Audit Coordination & Oversight (Outsourced Audits)

• Act as the single point of coordination between the Company and outsourced audit firms (Internal, Statutory, Tax, GST, Transfer Pricing, and other special audits).
• Ensure timely planning, execution, and completion of all audits as per the approved audit calendar.
• Share data, explanations, and documents with auditors and ensure responses from internal stakeholders are accurate and timely.
• Track, manage, and resolve audit queries, observations, and information requests raised by outsourced auditors.
• Review draft audit reports in detail, validate factual accuracy, and ensure management responses are appropriate and consistent.
• Coordinate closure of audit points and monitor implementation of agreed corrective actions.
• Prepare concise summaries of audit findings, key risks, and recommendations for Senior Management and the Board / Audit Committee.
• Facilitate Audit Committee meetings, including agenda notes, presentations, and follow-up action trackers.

Internal Audit & Controls

• Plan, design, and execute risk-based internal audit plans covering export trading operations, procurement, logistics, forex transactions, and financial reporting.
• Evaluate the adequacy and effectiveness of internal controls, SOPs, and compliance frameworks.
• Identify control gaps, process inefficiencies, and potential fraud risks; recommend corrective and preventive actions.
• Conduct follow-up audits to ensure timely closure of audit observations.

Export Trading & Operational Audit

• Audit export-import documentation including invoices, packing lists, shipping bills, bills of lading, LC/Bank documents, and foreign remittances.
• Review compliance with FEMA, RBI guidelines, and DGFT regulations applicable to export trading companies.
• Assess risks related to pricing, credit control, customer/vendor onboarding, and overseas transactions.

Corporate & Tax Compliance (India)

• Review and ensure compliance with Indian corporate laws including Companies Act requirements relevant to internal audit.
• Oversee and review Income Tax compliance including:
  • Advance tax, TDS/TCS, tax provisioning, and returns
  • Transfer pricing awareness (where applicable)
  • Tax audit coordination and assessment support
• Review compliance with Indirect Taxes (GST) related to exports, zero-rated supplies, refunds, LUT/Bond, and reconciliations.

Audit Coordination & Reporting

• Prepare clear, concise internal audit reports for senior management and the Audit Committee.
• Coordinate with statutory auditors, tax auditors, and external consultants.
• Support management during regulatory inspections, assessments, and audits.

Risk Management & Governance

• Assist in enterprise risk assessment and development of mitigation strategies.
• Promote compliance culture and best practices across departments.
• Support implementation of policies related to ethics, delegation of authority, and financial controls.

Qualifications:

• Education: CA / CMA / MBA (Finance) / Qualified Internal Auditor (CIA) preferred.
• Experience: 7–12 years of relevant experience in internal audit, preferably in an export trading company, FMCG/FMCD exports, or international trading environment.
• Proven experience in auditing export operations and international transactions.
• Strong working knowledge of Indian Income Tax, GST, FEMA, RBI, and DGFT regulations.

Key Competencies:

• Strong analytical and risk assessment skills
• Deep understanding of export trading processes
• Excellent knowledge of Indian tax and corporate compliance
• Ability to work independently and manage multiple audits
• Strong communication and report-writing skills
• High ethical standards and attention to detailInternal Audit Manager