Head of Internal Audit

Job Title: Head of Internal AuditDepartment: Internal AuditJob PurposeThe 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 & LeadershipDevelop and execute the annual internal audit plan based on enterprise risk assessmentLead, mentor, and manage the internal audit teamCoordinate with the Audit Committee and senior managementEnsure independence and objectivity of the audit function2. Operational & Process Audits (Textile-Specific)Audit manufacturing operations including spinning, weaving, dyeing, processing, and garmentingReview efficiency, wastage, yield, shrinkage, and production controlsEvaluate procurement of raw materials (cotton, yarn, chemicals, accessories)Assess inventory management, stock valuation, and physical verification3. Financial & Compliance AuditsReview financial controls, accounting practices, and cost structuresEnsure compliance with applicable laws, regulations, and industry standardsMonitor statutory compliances (tax, labor laws, environmental regulations)Coordinate with external auditors and regulatory bodies4. Risk Management & Internal ControlsIdentify operational, financial, compliance, and fraud risksEvaluate adequacy and effectiveness of internal control systemsRecommend process improvements and cost optimization measuresTrack implementation of audit recommendations5. Governance & EthicsPromote ethical business practices and corporate governanceInvestigate frauds, irregularities, and policy violationsSupport whistleblower mechanism and investigations6. Reporting & CommunicationPrepare clear audit reports with findings, risks, and recommendationsPresent audit results to senior management and Audit CommitteeProvide advisory support on new projects, systems, and process changesQualifications & ExperienceEducation:Chartered Accountant (CA) / Certified Internal Auditor (CIA) / MBA (Finance)Experience:12–18 years of experience in internal audit, preferably in textile or manufacturing industryMinimum 5 years in a leadership or head-level audit roleKey Skills & CompetenciesStrong knowledge of textile manufacturing processesExpertise in risk management and internal controlsAnalytical and problem-solving skillsStrong leadership and communication abilitiesKnowledge of ERP systems (Oracle preferred)High integrity and attention to detail