Internal Audit Officer

We are looking for a diligent and detail-oriented Internal Auditor to join our team. The successful candidate will conduct comprehensive audits aligned with the annual audit plan, ensuring compliance and supporting process improvements across multiple departments. This role demands strong analytical abilities, a deep understanding of complex processes, and effective communication skills to prepare thorough audit reports and actionable recommendations.

Key Responsibilities

- Perform post audits as per the annual audit plan, including the development of Risk Control Matrices (RCMs), audit plans, and audit programs. Execute audits by applying appropriate procedures and prepare detailed audit reports.
- Prepare internal audit reports and conduct follow-ups to ensure timely implementation of audit recommendations.
- Collect information from relevant departments to observe and understand company process flows.
- Develop Standard Operating Procedures (SOPs) for each functional department, review them with the Manager of Internal Audit & BPR, and recommend necessary amendments.
- Conduct follow-up audits and prepare reports to monitor progress and compliance.
- Carry out risk-based audits focusing on payroll activities such as salaries, wages, overtime payments, and payroll deductions to identify gaps and ensure control compliance.
- Assist the Manager of Internal Audit during monthly mill visits, including process counts, inventory counts of raw materials (cotton, polyester, viscose bales), time office visits, packing material counts, and cash counts at mills.
- Cross-verify bank receipt vouchers with attached cheques, purchase orders, deposit slips, and bank statements, ensuring accurate recording in the ERP system.
- Conduct pre-audit verification of bank payments to store parties, confirming that payments are supported by sufficient and appropriate evidence.
- Verify payments for cotton bales to ensure quantities do not exceed contracted amounts and that rates comply with contracts.
- Review cash reimbursements to the cash imprest account, ensuring related expenses are supported by invoices and evidence.
- Perform surprise cash counts at mills and the head office to ensure cash imprest amounts are used appropriately and reconciled with ledger balances.
- Verify payments related to PESSI, EOBI, and contractors for mills.
- Review employee final settlements, overtime payments, leave encashments, and insurance claims related to mills.
- Undertake any additional tasks assigned by the Manager or Deputy Manager.

Required Qualifications

- Proven experience in internal auditing or a related field.
- Strong knowledge of audit procedures, risk assessment, and control frameworks.
- Familiarity with payroll processes, inventory management, and financial verification.
- Ability to prepare detailed audit reports and Standard Operating Procedures (SOPs).
- Proficiency in ERP systems and financial documentation verification.
- Excellent communication and organizational skills.
- Ability to conduct thorough follow-ups and ensure compliance with audit recommendations.

Preferred Qualifications and Benefits

- Experience working in manufacturing or mill environments is highly advantageous.
- Knowledge of regulatory requirements related to payroll, PESSI, and EOBI payments.
- Opportunity to work in a dynamic, process-driven environment located in DHA Phase 2, Near Bhatta Chowk, Lahore.
- Full-time, in-person position offering a competitive salary range.

Interested candidates are encouraged to apply before the deadline on 07/09/2025.