Internal Auditor (Manufacturing) at Ascentech Services Limited

Job Summary

The Internal Auditor is responsible for providing independent and objective assurance on the effectiveness of the organization\'s governance, risk management, and internal control systems. The role supports operational excellence by evaluating business processes, identifying risks, recommending improvements, and ensuring compliance with company policies, regulatory requirements, and industry standards within a manufacturing environment.

Key Responsibilities

Internal Controls & Risk Management

• Develop and implement risk-based internal audit plans covering critical manufacturing processes, including procurement, production, inventory management, sales, payroll, and finance.
• Assess the adequacy, effectiveness, and efficiency of internal controls across all departments.
• Identify operational, financial, and compliance risks and recommend appropriate mitigation measures.
• Evaluate risk management processes and ensure alignment with organizational objectives.

Audit Execution

• Conduct routine, surprise, and special audits of financial and operational activities.
• Verify the accuracy and reliability of records relating to inventory, raw material consumption, production output, scrap rates, rejects, and finished goods.
• Review compliance with company policies, statutory regulations, and industry standards, including ISO requirements where applicable.
• Perform audits of procurement activities, vendor management processes, and inventory controls.

Fraud Prevention & Investigation

• Investigate suspected fraud, irregularities, misconduct, and control breaches.
• Gather and analyze evidence, document findings, and prepare investigation reports.
• Recommend corrective and preventive actions to reduce fraud risks.
• Monitor implementation of agreed corrective actions and report unresolved issues.

Reporting & Recommendations

• Prepare clear, accurate, and timely audit reports highlighting observations, risks, root causes, and recommendations.
• Present audit findings to management and relevant stakeholders.
• Maintain audit documentation and records in accordance with professional standards.

Continuous Improvement

• Recommend process improvements that enhance operational efficiency, productivity, and cost optimization.
• Stay informed on emerging risks, regulatory developments, and internal audit best practices.
• Participate in special projects and management reviews as required.

Educational And Experience Qualification

• HND or Bachelor\'s Degree in Accounting, Finance, or a related discipline.
• Professional certification such as CIA, ACA, ACCA, or equivalent is required.
• Minimum of 5 years\' experience in Internal Audit, Risk Management, or Compliance.
• Experience within a Manufacturing or FMCG environment is highly preferred.
• Demonstrated experience in conducting operational, financial, compliance, and inventory audits.

Requirements and Skills

• Proficiency in Microsoft Excel, ERP systems, and audit management software.
• Strong data analysis and audit documentation skills.
• Strong knowledge of Internal Audit Standards, Internal Controls, and Risk Management Frameworks.
• Excellent report writing and presentation skills.
• Maintain confidentiality of all audit findings and company records.
• Sound understanding of manufacturing operations (procurement, production, inventory control, sales).