ASSOCIATE, INTERNAL AUDIT

Key Accountability Areas

Risk Assessment and Planning:

• Assist in identifying key risk areas related to manufacturing operations, including production processes, inventory management, procurement, and supply chain activities.
• Support audit planning by evaluating risks in plant operations, warehousing, maintenance, and logistics.
• Help prepare engagement commencement letters and coordinate with plant managers, production supervisors, and process owners.

Understanding Processes and Internal Controls:

• Support documentation of end-to-end manufacturing processes such as production planning, raw material handling, work-in-progress (WIP), and finished goods management.
• Assist in mapping internal controls over key areas like inventory accuracy, cost allocation, production efficiency, and quality control.
• Help evaluate controls within ERP systems and manufacturing applications (e.g., production modules, inventory systems).
• Assist in testing the design and effectiveness of operational and financial controls under supervision.

Audit Execution:

• Participate in internal audit assignments across manufacturing plants and operational units using a risk-based approach.
• Assist in executing audit programs covering production cycles, procurement, maintenance, quality assurance, and distribution processes.
• Support physical verification of inventory, including raw materials, WIP, and finished goods.
• Contribute to ad hoc reviews related to production inefficiencies, wastage, downtime, or control breakdowns.
• Assist in reviewing new manufacturing systems, automation initiatives, and support pre-implementation control assessments.

Performance Analysis:

• Help analyze production data (e.g., machine utilization, yield, scrap rates, downtime) to identify inefficiencies and improvement opportunities.
• Support review of key performance indicators (KPIs) such as overall equipment effectiveness (OEE), inventory turnover, and production costs.
• Assist in benchmarking operational performance across plants or production lines.

Auditing and Monitoring:

• Assist in continuous auditing activities using BI tools and manufacturing dashboards.
• Support monitoring of key risk indicators (KRIs) related to operations, inventory, and supply chain performance.
• Help track progress on corrective action plans and follow up with plant and operations teams.

Reporting and Documentation:

• Contribute to drafting audit findings related to operational inefficiencies, control gaps, and compliance issues.
• Assist in preparing clear, concise audit reports with practical recommendations tailored to manufacturing operations.
• Ensure audit documentation, including process maps, testing results, and working papers, is complete and well-organized.