Location: Mumbai
Experience : 1 - 3 years
Job Summary
Job Responsibilities
Audit & Assurance:
• Conduct periodic internal audits of accounts, transactions, and records.
• Verify cash, bank balances, fixed assets, inventories, loans, advances, and investments.
• Review income and expenditure for accuracy and authorization.
• Ensure proper maintenance of books of accounts and supporting documents.
Compliance & Governance:
• Ensure compliance with Co-operative Societies Act, Rules, By-laws, and Registrar’s directives.
• Review adherence to policies approved by the Managing Committee.
• Verify statutory payments, returns, and filings.
Risk Management & Internal Controls:
• Evaluate internal control systems and identify risks and irregularities.
• Recommend corrective and preventive measures.
• Monitor implementation of audit observations.
Reporting:
• Prepare detailed audit reports with findings and recommendations.
• Present reports to the Managing Committee / Audit Committee.
• Maintain audit documentation and working papers.
Advisory Role:
• Guide management on financial discipline and best practices.
• Assist during statutory or external audits.
• Support fraud detection and investigation when required.
Qualifications and Skills
Educational Qualification:
• Bachelor’s degree in Commerce, Accounting, Finance, or related field.
• CA / CMA / CS / M.Com preferred.
Experience:
• Relevant experience in internal audit, preferably in Co-operative Societies or financial institutions.
Skills & Competencies:
• Knowledge of accounting principles and audit standards.
• Understanding of Co-operative laws and regulations.
• High integrity and attention to detail.
• Strong analytical and communication skills.
• Proficiency in MS Excel and accounting software.
Code of Conduct:
• Maintain confidentiality of records and member information.
• Act independently and avoid conflicts of interest.
• Uphold ethical and professional standards.
Our Core Values
At Lokmanya, we believe that a career should be more than just a job; it should be a passion-driven adventure that brings out the best in you. We are not just a company; we are a community of like-minded individuals united by a common purpose: to make a meaningful impact on the world.
At Lokmanya, our core values are the heartbeat of our culture and the driving force behind everything we do. They define who we are as a company and guide our decisions, actions, and interactions with our customers, employees, and partners.