Job Description

1. Purpose of the Role

The

Internal Auditor

in a textile mill is responsible for evaluating and improving the effectiveness of internal controls, risk management, and operational efficiency across all departments -- from raw material procurement to finished goods dispatch. The role ensures that financial, operational, and compliance processes support profitability, cost control, and sustainable production.

2. Key ResponsibilitiesA. Financial and Accounting Audits

Verify accuracy and integrity of financial records, including

purchases, sales, payroll, and inventory valuations

. Check for

proper authorization and documentation

of financial transactions. Audit

costing systems

, including raw material consumption, labor cost, and overhead allocation. Review

budget utilization and variance analysis

to control wastage and inefficiencies.

B. Inventory and Production Audits

Conduct

physical verification

of raw materials, work-in-progress (WIP), and finished goods stock. Audit the

raw material procurement process

, including supplier selection, purchase pricing, and goods receipt. Evaluate

production efficiency and wastage control

, including yarn breakage, fabric rejections, and machine downtime. Review

material movement records

, ensuring accuracy between production, dyeing, and finishing departments.

C. Compliance and Control

Ensure compliance with

textile industry standards

,

labor laws

,

environmental regulations

, and

export/import documentation

. Verify adherence to

ISO, Oeko-Tex, or other quality certifications

applicable to the mill. Check

statutory compliance

, including ESI, PF, GST, TDS, and factory safety norms. Identify and report non-compliance or deviations from internal policies and government regulations.

D. Operational Efficiency

Evaluate

machine utilization

, maintenance scheduling, and energy consumption to identify areas for cost reduction. Audit

procurement and stores management

, ensuring transparency and accountability. Review

waste management and by-product handling

to minimize losses. Monitor

logistics and dispatch processes

to ensure accurate documentation and timely delivery.

E. Risk Management and Fraud Detection

Identify potential risks such as

inventory theft, manipulation of production data, or false billing

. Perform

surprise audits

in sensitive areas like stores, dispatch, and cash handling. Recommend

controls to prevent revenue leakage and resource misuse

.

F. Reporting and Recommendations

Prepare

detailed audit reports

highlighting findings, risks, and suggested improvements. Discuss audit results with management and follow up on implementation of corrective actions. Provide

insightful recommendations

to improve cost control, process efficiency, and compliance systems.

3. Skills and Competencies Required

Strong understanding of

textile manufacturing processes

(spinning, weaving, dyeing, finishing). Knowledge of

costing, budgeting, and internal control systems

. Familiarity with

ERP systems

or

inventory management software

. Analytical, detail-oriented, and objective in approach. Excellent communication and report-writing skills.

4. Reporting Structure

Typically reports to the

Head of Internal Audit

,

Finance Director

, or

Managing Director

, and works closely with the

production, accounts, and procurement departments

.

Job Type: Full-time

Pay: ₹300,000.00 - ₹500,000.00 per year

Benefits:

Commuter assistance Flexible schedule Health insurance Leave encashment Life insurance Provident Fund
Work Location: In person