Manager Internal Audit (Financial) for RMG

• 10 to 12 years

• Master of Business Administration (MBA) in Accounting
• Master of Commerce (MCom) in Accounting

Professional qualifications such as CA (CC), CMA or equivalent will be an advantage.

• 10 to 12 years

• Age 40 to 45 years
• Only Male

Only MaleExperience in the garments industry is a must.Excellent understanding of RMG manufacturing operations and factory management systems.Expertise in Inventory Audit, Raw Materials Audit, Fabric & Accessories Audit and Finished Goods Audit.Strong knowledge of Cost Control, Budgetary Control and Financial Risk Management.Excellent report writing, presentation and communication skills.Strong leadership, team management and decision-making abilities.Strong analytical, problem-solving, and report-writing skills.Proficiency in Tally software, MS Office and relevant accounting software.Ability to maintain confidentiality and work independently.

Job Purpose:

To ensure effective internal audit, financial accuracy, operational efficiency and compliance with company policies and procedures. The role will identify risks, prevent irregularities and recommend improvements within the garments industry.

Job Responsibilities:

·         Develop, implement and execute an effective Internal Audit Plan covering all departments and factory operations.

·         Verify attendance, overtime, salaries, wages, allowances, new employee joining records, employee master data, maternity benefits, final settlements, dining expenses, meal bills and other employee-related payments, and identify any discrepancies or irregularities.

·         Conduct physical verification and reconciliation of fabric, accessories, raw materials, finished goods and other factory inventories.

·         Review procurement processes, purchase orders, supplier bills, material receiving and payment procedures.

·         Monitor production consumption, wastage, rejection, excess usage and material reconciliation.

·         Review factory expenses, administrative costs, utility expenses, overtime costs and other operational expenditures.

·         Review machinery purchases, maintenance expenses, spare parts consumption, and asset disposal.

·         Identify financial irregularities, fraud risks, policy violations and operational weaknesses and recommend corrective actions.

·         Evaluate compliance with company policies, SOPs, financial procedures and applicable laws and regulations.

·         Identify financial irregularities, operational risks and control weaknesses.

·         Conduct surprise audits and special investigations as directed by Top Management.

·         Prepare detailed audit reports highlighting findings, risks, root causes and recommendations.

·         Follow up on audit observations and ensure timely implementation of corrective and preventive actions by respective departments.

·         Coordinate with Finance & Accounts, Commercial, Merchandising, SCM, Production, Store, HR & Admin and other departments.

·         Report significant audit findings and recommendations to management.