Assistant Audit Executive

Assistant Audit Executive

Vacancy: 01 Position

Position Summary

City Investments is seeking a detail-oriented and analytical Audit Executive to oversee internal financial controls, sales reconciliation, and inventory monitoring across all business units. The Audit Executive will play a critical role in ensuring accuracy of financial data, minimizing losses, and strengthening internal control systems.

Key Responsibilities
1. Sales Audit & Reporting
• Prepare accurate monthly sales reports for all bakery outlets, restaurants, and showroom operations.
• Reconcile daily and monthly sales data from POS systems with accounting records.
• Verify cash, credit, and online payment transactions.
• Identify discrepancies and report variances to management.
• Ensure proper documentation and compliance with company policies.

2. Inventory Monitoring & Control
• Monitor inventory levels across all outlets and warehouses.
• Conduct regular stock counts and surprise audits.
• Reconcile physical stock with system records.
• Identify stock variances, wastage, shrinkage, and leakage.
• Ensure proper stock movement documentation (GRN, transfers, returns).
• Monitor stock movement of international brands imported.
• Verify sales margins and pricing accuracy.
• Ensure proper inventory turnover and minimize expiry losses.

3. Internal Control & Risk Management
• Identify financial loss, operational inefficiencies, and leakage areas.
• Recommend corrective measures to improve control systems.
• Monitor compliance with SOPs and company financial procedures.
• Assist in developing stronger internal audit processes.

5. System & Data Management
• Maintain accurate financial records in accounting software.
• Analyze large datasets using Microsoft Excel.
• Prepare variance analysis reports and management dashboards.
• Support external audits by providing necessary documentation.

Qualifications & Requirements
• Diploma or Degree in Accounting, Finance, Business Administration, or related field.
• Minimum 5 years of experience in audit, accounting, or internal controls (F&B or retail sector preferred).
• Strong knowledge of accounting principles.
• Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUP/XLOOKUP, data analysis).
• Experience with accounting software and POS systems.
• High level of integrity and attention to detail.
• Ability to work independently and meet deadlines.

Key Competencies
• Analytical and problem-solving skills
• Strong numerical accuracy
• Report writing skills
• Confidentiality and ethical conduct
• Organizational and time management skills

Key Performance Indicators (KPIs)
• Accuracy and timeliness of monthly sales reports
• Reduction in stock variance and shrinkage
• Identification and prevention of financial leakage
• Improvement in internal control compliance
• Audit findings resolved within set timelines

Salary:
Based on qualification and experience