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Audit Executive-Business Process

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IDFC FIRST Bank

11d ago

  • Job
    Full-time
    Junior, Mid & Senior Level
  • Consulting
    Accounting & Tax
  • Mumbai

AI generated summary

  • You should have a B.Com/B.Sc/BA/BBI/BMS and an MBA/M.Com/MA, with 2-5 years of experience in relevant fields.
  • You will assist in defining audit scope, analyze documentation, execute audit plans, maintain relations with auditees, prepare reports, and ensure compliance while sharing best practices and collaborating internally.

Requirements

  • - Graduation: Bachelor of Commerce (B.com) / Bachelor of Science (B.Sc) / Bachelor of Arts (BA) / Bachelor of Business & Insurance (BBI) / Bachelor of Management Studies (BMS)
  • - Post-graduation: Master of Business Administration (MBA) / Master of Commerce (M.com) / Master of Arts (MA)
  • - Experience: 2 - 5 years of total experience.

Responsibilities

  • Assist Audit Manager to define audit scope.
  • Obtain, analyse and evaluate accounting documentation, reports, data, flowcharts.
  • Assist in executing audit plan as per agreed timelines, draft audit reports.
  • Support in developing operational expertise in core areas and leverage in internal audits.
  • Develop and maintain professional relations with auditees.
  • Support in preparing audit committee presentations for audits held during each quarter.
  • Search indicators of incorrect, unusual or fraudulent tax returns.
  • Actively follow-up on compliance to the audit reports issued.
  • Document process and prepare audit findings memorandum.
  • Capture and share best-practice knowledge amongst the team.
  • List the deliverables other than primary, but essential for the role.
  • Leverage in-house synergies through collaboration with internal stakeholders.
  • Stay abreast with global market trends and competitor strategies in key markets.

FAQs

What is the main responsibility of the Audit Executive-Business Process?

The main responsibility is to actively support internal audits for the bank, including creating checklists, conducting audits, publishing audit reports, and preparing quarterly presentations.

What educational qualifications are required for this role?

Candidates need to have a Bachelor's degree in Commerce (B.Com), Science (B.Sc), Arts (BA), Business & Insurance (BBI), or Management Studies (BMS). A postgraduate degree such as an MBA, M.Com, or MA is also preferred.

How much experience is required for this position?

The ideal candidate should have 2 to 5 years of total experience.

What types of analysis will the Audit Executive be conducting?

The Audit Executive will need to obtain, analyze, and evaluate accounting documentation, reports, data, and flowcharts as part of the audit process.

Will the Audit Executive need to develop professional relationships?

Yes, the Audit Executive is expected to develop and maintain professional relations with auditees.

Are there any specific outcomes expected from this role besides primary responsibilities?

Yes, supporting in preparing audit committee presentations, actively following up on compliance with audit reports, documenting processes, and capturing best-practice knowledge among the team are essential deliverables.

What is the significance of staying updated with market trends for this role?

Staying abreast of global market trends and competitor strategies is important for leveraging operational expertise and enhancing the audit processes.

What tools or practices might the Audit Executive use to enhance the audit process?

The Audit Executive should leverage in-house synergies through collaboration with internal stakeholders and implement best practices in internal audits.

Does this role involve identifying fraudulent activities?

Yes, part of the responsibility includes searching for indicators of incorrect, unusual, or fraudulent tax returns during audits.

Is there an expectation to present audit findings?

Yes, the Audit Executive will assist in preparing presentations for the audit committee regarding audits held each quarter.

IDFC FIRST Bank

For any bank-related queries, please email us at customer.service@idfcfirstbank.com or call 1800 10 888 (Toll free).

Finance
Industry
10,001+
Employees
2015
Founded Year

Mission & Purpose

IDFC FIRST Bank is a full-service Indian bank that offers a wide range of financial services, including personal and business banking, loans, savings and deposits, wealth management, and digital banking solutions. It serves retail customers, small businesses, and corporate clients, with a focus on providing accessible and customer-centric banking services. The bank's ultimate mission is to build a world-class bank that prioritises customer satisfaction, ethical banking, and transparency. Its purpose is to drive financial inclusion and improve lives by offering innovative, affordable, and personalised financial solutions across diverse segments of society.