Internal Auditor

The Internal Auditor in the Finance department, specializing in Accounts Payable, is responsible for ensuring the accuracy, integrity, and compliance of the accounts payable processes within the organization. This role involves conducting audits, assessing internal controls, and providing recommendations to enhance efficiency and mitigate risks related to accounts payable functions.

Key Responsibilities:

Accounts Payable Audits:

• Conduct regular audits of accounts payable processes to ensure accuracy and compliance with policies and procedures.
• Review invoices, purchase orders, and payment records for completeness and accuracy.

Internal Controls:

• Assess the effectiveness of internal controls related to accounts payable.
• Identify and address control weaknesses and recommend and implement improvement measures.

Invoice Processing:

• Review the entire invoice processing cycle, from receipt to payment, to identify potential errors or fraudulent activities.
• Review and improve payment life cycle
• Ensure adherence to approval workflows and authorization procedures.

Vendor Compliance:

• Verify and maintain vendor master data for accuracy and completeness.
• Assess vendor compliance with contractual terms and conditions.

Expense Reporting:

• Audit employee expense reports for accuracy and adherence to company policies.
• Review of expenses billable to clients and minimize the leakage
• Identify and address discrepancies in expense reporting.
• Documentation and Recordkeeping:
• Maintain organized and comprehensive documentation of accounts payable transactions.
• Ensure proper recordkeeping and retention of invoices, receipts, and related documents.

Process Improvement & Automation

• Collaborate with Multi Location Accounts Payable teams to identify opportunities for process improvement.
• Implement and communicate best practices to enhance efficiency and reduce risks.
• Work towards automation of processes to remove duplication of work

Communication and Reporting:

• Communicate audit findings and recommendations to the Accounts Payable team and management.

Qualifications:

CA with relevant experience

Specific experience in auditing accounts payable processes.

In-depth knowledge of accounts payable principles, procedures, and relevant regulations.

Strong analytical and problem-solving skills.

Attention to detail and a commitment to accuracy.

Excellent communication and interpersonal skills.