Job Title: Head of Internal Audit Department: Internal Audit
Job Purpose The Head of Internal Audit is responsible for leading the internal audit function to ensure effective risk management, internal controls, governance, and compliance across textile manufacturing, sourcing, inventory, sales, and financial operations. Key Responsibilities1. Audit Strategy & Leadership Develop and execute the annual internal audit plan based on enterprise risk assessment Lead, mentor, and manage the internal audit team Coordinate with the Audit Committee and senior management Ensure independence and objectivity of the audit function2. Operational & Process Audits (Textile-Specific) Audit manufacturing operations including spinning, weaving, dyeing, processing, and garmenting Review efficiency, wastage, yield, shrinkage, and production controls Evaluate procurement of raw materials (cotton, yarn, chemicals, accessories) Assess inventory management, stock valuation, and physical verification3. Financial & Compliance Audits Review financial controls, accounting practices, and cost structures Ensure compliance with applicable laws, regulations, and industry standards Monitor statutory compliances (tax, labor laws, environmental regulations) Coordinate with external auditors and regulatory bodies4. Risk Management & Internal Controls Identify operational, financial, compliance, and fraud risks Evaluate adequacy and effectiveness of internal control systems Recommend process improvements and cost optimization measures Track implementation of audit recommendations5. Governance & Ethics Promote ethical business practices and corporate governance Investigate frauds, irregularities, and policy violations Support whistleblower mechanism and investigations6. Reporting & Communication Prepare clear audit reports with findings, risks, and recommendations Present audit results to senior management and Audit Committee Provide advisory support on new projects, systems, and process changes Qualifications & Experience Education:Chartered Accountant (CA) / Certified Internal Auditor (CIA) / MBA (Finance) Experience:12–18 years of experience in internal audit, preferably in textile or manufacturing industry Minimum 5 years in a leadership or head-level audit role Key Skills & Competencies Strong knowledge of textile manufacturing processes Expertise in risk management and internal controls Analytical and problem-solving skills Strong leadership and communication abilities Knowledge of ERP systems (Oracle preferred) High integrity and attention to detail