MANAGER - ACCOUNTS

Utopia Industries Pvt. Ltd. is seeking a seasoned Manager – Audit to lead risk-based operational and financial audit initiatives, strengthen internal controls, ensure compliance, identify operational inefficiencies, and drive process improvements across production, inventory, stores, and other operational functions.

Key Responsibilities: 
Plan and execute risk-based operational audits covering production, inventory, stores, and other operational functions.
Conduct pre-audit reviews of payment vouchers including cash, bank, cheque, and online transfers before release of payments to vendors, contractors, and service providers.
Review supporting documents including PO, GRN, Material Inward/Gate Pass, Quality Inspection Reports, and invoices for three-way/four-way matching.
Verify quantity, rates, values, taxes, and reconciliations between PO, GRN, and supplier invoices and highlight discrepancies beyond approved limits.
Verify applicable Sales Tax, Withholding Income Tax, Further Tax, and other statutory deductions as per applicable regulations and SROs.
Review vendor bills to ensure purchases are properly authorized, within approved budgets, and supported by appropriate documentation.
Review contractor and job-work payments including dyeing, printing, stitching, embroidery, and other outsourced manufacturing activities against approved agreements and rate contracts.
Verify supplier/employee advances and ensure timely adjustment against final bills.
Evaluate the adequacy and effectiveness of internal controls, SOPs, and compliance with company policies.
Review operational processes to identify inefficiencies, wastages, control gaps, and opportunities for cost optimization and process improvement.
Conduct detailed testing of transactions, reconciliations, and physical verifications in accordance with approved audit plans.
Conduct regular floor visits to production areas and stores to physically identify old-aged, slow-moving, and obsolete stock and promptly highlight findings to management for corrective and disposal action.
Discuss audit observations with process owners, validate root causes, and develop practical, value-added recommendations.
Monitor and follow up on the implementation of agreed audit recommendations and report progress to the Senior Manager and Head of Audit.
Prepare and maintain audit working papers, reports, observations, and supporting documentation in accordance with audit standards.
Mentor and guide junior audit team members, review their work, and ensure adherence to audit standards and timelines.

Requirements:
Bachelor’s or Master’s degree in Accounting, Finance, or a related field.
Professional certification such as CA, ACCA, CIA, or equivalent will be preferred.
5–8 years of relevant experience in internal, financial, or operational audit, preferably in the textile or manufacturing sector.
Strong knowledge of internal controls, risk-based auditing, SOPs, and compliance frameworks.
Hands-on experience in inventory audits, production audits, payment verification, and physical stock verification.
Strong analytical, problem-solving, and report-writing skills.
Proficiency in MS Office/Excel and ERP systems.
Strong communication and stakeholder-management skills.
Ability to lead and mentor an audit team and manage multiple audit assignments within defined timelines.