AUDIT MANAGER

Key Responsibilities:

Audit Planning and Execution Lead the execution of internal audits across all functions within the NBFC, including loan origination, financial operations, investments, and risk management. Develop audit plans based on a thorough risk assessment, ensuring that audits focus on high-risk areas and provide value-added insights to senior management. Conduct comprehensive audits of financial statements, regulatory compliance, operational processes, and internal controls to ensure the company’s activities adhere to industry standards and internal policies. Risk Assessment and Internal Controls Assess the adequacy and effectiveness of internal controls within financial, operational, and regulatory processes. Identify areas of potential risk, inefficiencies, or non-compliance in key processes like loan documentation, credit assessment, asset management, and investment strategies. Recommend improvements to strengthen internal controls and reduce exposure to risks such as fraud, mismanagement, or regulatory penalties. Compliance with Regulatory Frameworks Ensure that the NBFC complies with all applicable financial regulations, including the RBI’s guidelines, SEBI regulations, and other relevant industry standards. Stay updated on changes in the regulatory landscape affecting NBFCs and ensure timely incorporation of these changes into internal processes and audits. Support external audits by providing required documentation and evidence to ensure smooth audit cycles and compliance. Audit Reporting and Documentation Prepare clear and concise audit reports detailing audit findings, risk assessments, and practical recommendations for improving processes and controls. Communicate audit results to senior management and the audit committee, presenting insights and advising on corrective actions and risk mitigation strategies. Ensure proper documentation of audit workpapers, findings, and follow-up actions to maintain an audit trail and support internal audit standards. Team Leadership and Development Lead, mentor, and train a team of internal auditors, providing guidance on audit methodology, best practices, and continuous professional development. Oversee the team’s progress in executing audits, ensuring adherence to timelines, quality standards, and the overall audit plan. Provide constructive feedback to team members and foster a collaborative, high-performance culture within the audit department. Operational Efficiency and Improvement Assess and evaluate the efficiency of financial and operational processes within the NBFC and suggest improvements for streamlining workflows, increasing profitability, and reducing costs. Collaborate with cross-functional teams to implement corrective actions and process enhancements based on audit findings. Monitor the implementation of audit recommendations, ensuring that corrective actions are taken in a timely and effective manner. Special Projects and Advisory Assist management with special audit projects, such as investigating financial discrepancies, evaluating mergers or acquisitions, or assessing new financial products or services. Provide audit-related advice to the business to help address emerging issues, manage risk, and improve operational performance. Performance Monitoring and Reporting Regularly monitor and assess the performance of key departments and business units, ensuring alignment with Finovest's policies, business objectives, and regulatory obligations. Report audit progress, findings, and risk mitigation efforts to senior management and stakeholders regularly.

Requirements

Qualifications:

Education:

Bachelor’s degree in Accounting, Finance, Business Administration, or a related field. A professional certification such as CPA, CIA, CISA, or CA is highly preferred.

Experience:

5+ years of

experience

in auditing, with at least 2 years in a managerial role, preferably within the financial services or NBFC sector. Solid understanding of the NBFC landscape, including lending operations, credit risk management, compliance regulations, and financial reporting.

Skills:

Expertise in internal auditing, financial reporting, and regulatory compliance. Strong knowledge of RBI regulations, financial laws, and industry best practices governing NBFCs. Proficient in audit software, data analytics tools, and Microsoft Office Suite (Excel, Word, PowerPoint). Excellent analytical, problem-solving, and report-writing skills. Strong communication and presentation skills, with the ability to convey complex audit findings to non-technical stakeholders. Traits: Strong attention to detail, accuracy, and thoroughness in audit processes. Ability to think critically and strategically about risk management and operational improvements. A proactive, results-driven mindset with the ability to work

documentation and evidence to ensure smooth audit cycles and compliance. Audit Reporting and Documentation Prepare clear and concise audit reports detailing audit findings, risk assessments, and practical recommendations for improving processes and controls. Communicate audit results to senior management and the audit committee, presenting insights and advising on corrective actions and risk mitigation strategies. Ensure proper documentation of audit workpapers, findings, and follow-up actions to maintain an audit trail and support internal audit standards. Team Leadership and Development Lead, mentor, and train a team of internal auditors, providing guidance on audit methodology, best practices, and continuous professional development. Oversee the team’s progress in executing audits, ensuring adherence to timelines, quality standards, and the overall audit plan. Provide constructive feedback to team members and foster a collaborative, high-performance culture within the audit department. Operational Efficiency and Improvement Assess and evaluate the efficiency of financial and operational processes within the NBFC and suggest improvements for streamlining workflows, increasing profitability, and reducing costs. Collaborate with cross-functional teams to implement corrective actions and process enhancements based on audit findings. Monitor the implementation of audit recommendations, ensuring that corrective actions are taken in a timely and effective manner. Special Projects and Advisory Assist management with special audit projects, such as investigating financial discrepancies, evaluating mergers or acquisitions, or assessing new financial products or services. Provide audit-related advice to the business to help address emerging issues, manage risk, and improve operational performance. Performance Monitoring and Reporting Regularly monitor and assess the performance of key departments and business units, ensuring alignment with Finovest's policies, business obje