Head of Internal Audit



Accounting & Finance
Gurugram, Haryana, India
Posted on Friday, May 24, 2024

About us

Innovation is fuelled by the power of possibilities. A few years ago, it was virtually impossible to innovate because building software needed a degree, it was simply too expensive, too complex, too risky and ultimately too inefficient. That’s why only 16% of projects were ever done on budget and 78% failed.We're changing that. We’re flipping software development on its head and kicking out the notion that you need to be an expert or do boot camps to learn how to make your app. Builder.ai’s platform lets you order the perfect software app for whatever problem you’re trying to solve. Our AI powered assembly line brings together Lego-like reusable features and experts from around the world to bring world-class ideas to life – ANYONE’s world-class ideas.Building software needs to be like ordering pizza – pick what you want, get recommendations for the features you need and simply wait till it's cooked and ready for you.Our human-assisted AI platform helps anyone build, run & scale tailor-made software. Everyone from the bakery in Riyadh and nursery in London, to large fortune 100 companies like the BBC or Pepsi.

Life at Builder.ai
At Builder.ai, we’re looking for team players with a point of view, a sense of humility and an execution focused attitude. We celebrate diversity and encourage everyone to do more with less, while creating and championing a culture that empowers everyone to experiment, push boundaries and learn by doing. Every Builder runs to our core value system of HEARTT (Heart, Entrepreneurship, Accountability, Respect, Trust & Transparency). Our scale-up is at the intersection of a quirky startup where designers and machine learning specialists work on problems together and savvy commercial teams working with finance folks to invent new business models.

About the Role

The Head of Internal Audit examines and analyzes company records and financial documents. This role identifies issues like compliance concerns, risks, fraud, and data inaccuracies. After reviewing all records within the audit's scope, investigate any problems they find. Internal Auditor use their knowledge of laws, industry regulations, and company policies to identify potential instances of noncompliance, fund misappropriation, and other risks to the business.

The role of Head of Internal Audit includes the following responsibilities:

Financial Record Examination: Internal auditors carefully examine a company’s financial records to identify areas of risk or concern.

Compliance Analysis: By leveraging their knowledge of industry regulations and company policies, internal auditors identify potential noncompliance.

Risk Management: When reviewing internal data and records, internal auditors look for areas of financial and legal risk.

Theft and Fraud Detection: Internal auditors seek out internal fraud and theft. This can include misuse of funds, embezzlement, time fraud, and employee theft.

Communication: Internal auditors need to communicate key findings from their audits orally and in writing as requested.

Evaluating and assessing the effectiveness of internal controls: Internal auditors examine and analyze an organization's internal controls to ensure they are adequate and functioning effectively. They identify any weaknesses or deficiencies and make recommendations for improvements

Conducting risk assessments: Internal auditors assess the risks faced by the organization and develop strategies to manage and mitigate those risks. They identify potential areas of risk, evaluate their impact on the organization, and propose measures to minimize risk exposure.

Performing financial audits: Internal auditors review financial records, transactions, and processes to ensure accuracy, compliance with laws and regulations, and adherence to internal policies and procedures. They verify the reliability and integrity of financial information and identify any errors or irregularities.

Conducting operational audits: Internal auditors assess the efficiency and effectiveness of operational processes and procedures. They analyze business operations, identify areas for improvement, and make recommendations to enhance productivity, reduce costs, and optimize performance.

Investigating fraud and misconduct: Internal auditors are responsible for investigating any suspected fraud, misconduct, or non-compliance with policies or regulations. They gather evidence, conduct interviews, and prepare reports on their findings, which may be used for disciplinary actions or legal proceedings.

Providing assurance and advisory services: Internal auditors provide management with independent and objective assurance on the organization's operations, risk management, and internal controls. They offer advice and guidance to improve processes, strengthen controls, and achieve organizational objectives.

Reporting and communication: Internal auditors prepare reports summarizing their findings, recommendations, and action plans. They communicate their findings to management, including the board of directors or audit committee, and facilitate discussions on how to address identified issues.

Continuous improvement: Internal auditors play a key role in promoting a culture of continuous improvement within the organization. They monitor the implementation of audit recommendations and evaluate their impact. They also stay updated on industry trends, regulatory changes, and best practices to enhance their audit methodologies and knowledge.