Assistant Manager - Corporate Audit Services

Assistant Manager - Corporate Audit Services

Job Description – Assistant Manager (Corporate Audit Service) at Chennai

Position Overview

Corporate Audit Services (CAS) of Larsen & Toubro Limited is responsible for conducting independent and objective internal audits across L&T, its Subsidiary Companies, Associate Companies, Manufacturing Units, Service Businesses, and International Operations. The function provides assurance to Management and the Audit Committee on the adequacy and effectiveness of governance, risk management, internal controls, compliance, and operational excellence.

The Assistant Manager – Corporate Audit Services (CAS) will be part of a multidisciplinary audit team responsible for reviewing and evaluating activities, processes, systems, and operations pertaining to Engineering, Design, Construction, Manufacturing, Projects, Operations, EHS, Quality, and other functions of the Company. The role involves execution of audits as per approved audit plans and participation in special reviews, investigations, and process improvement initiatives.

Key Responsibilities

Primary Responsibilities

Internal Audits

• Conduct financial and operational audits across Engineering, Design, Construction, Manufacturing, Infrastructure, Industrial Projects, and Service Businesses.
• Review and evaluate the adequacy and effectiveness of operational controls, risk management processes, governance mechanisms, and compliance frameworks.
• Assess project execution processes, productivity, quality controls, construction methodologies, contract management, engineering practices, and operational efficiencies.
• Evaluate compliance with company policies, procedures, statutory requirements, contractual obligations, and industry standards.
• Review Engineering, Procurement, Construction (EPC) processes and identify opportunities for process improvement and risk mitigation.
• Assess implementation and effectiveness of Quality Management Systems (QMS), EHS systems, project controls, and operational excellence initiatives.
• Perform root cause analysis of audit observations and recommend practical corrective actions.
• Prepare audit reports with clear findings, risk assessment, recommendations, and management action plans.

Audit Execution & Reporting

• Execute audits in accordance with the approved annual audit plan.
• Participate in planning, fieldwork, documentation, reporting, and follow-up reviews.
• Collaborate with cross-functional teams during audit assignments.
• Track closure of audit observations and validate implementation of corrective actions.
• Support special assignments, management reviews, and investigations as required.

Risk Assessment & Operational Reviews

• Identify operational, project, technical, quality, contractual, commercial, and compliance risks.
• Evaluate effectiveness of risk mitigation measures implemented by business units.
• Assess project cost controls, resource utilization, productivity measures, and operational performance indicators.
• Contribute to continuous enhancement of the Company's risk-based auditing framework.

Secondary Responsibilities

• Support development and implementation of Data Analytics and Continuous Auditing initiatives.
• Participate in System Audits, ERP reviews, and digital transformation initiatives.
• Contribute to audit methodology enhancement, knowledge management, and best-practice sharing.
• Assist in developing audit checklists, risk assessment models, and audit tools.
• Support cross-functional audits involving finance, operations, EHS, quality, and project execution functions.
• Work on departmental value drivers, innovation, process automation, and digitalization initiatives.

Educational Qualifications

Essential

• Chartered Accountancy

Preferred

• Professional certifications such as: 
  • CIA
  • CISA / DISA

Experience

Essential

• 2–5 years of experience in Internal Audit preferably in EPC / Construction / Manufacturing industry.

Other Competencies

• Excellent written and verbal communication skills.
• Strong analytical and risk assessment capability.
• Effective presentation and report-writing skills.
• High interpersonal effectiveness and stakeholder management.
• Team player with collaborative working style.
• Strong leadership potential and people management skills.
• Ability to multitask and work under challenging timelines.
• High professional integrity and objectivity.
• Willingness to travel extensively across India and overseas locations.