Internal Audit Jobs in Chennai, Tamil Nadu: Salary Overview and Job Description

Chennai, the financial hub of Tamil Nadu, is a rapidly growing city with a thriving economy. The city’s growth has created a demand for skilled internal audit professionals. This article provides an in-depth overview of internal audit jobs in Chennai, including salary ranges and a detailed job description.

Salary Overview

Internal audit salaries in Chennai vary based on factors such as industry, company size, experience, and qualifications. Here are approximate salary ranges:

– Junior Internal Auditor (0-3 years): ₹4-7 lakhs (USD 5,500-9,600) per year

– Senior Internal Auditor (4-7 years): ₹7-12 lakhs (USD 9,600-16,500) per year

– Internal Audit Manager (8-12 years): ₹12-20 lakhs (USD 16,500-27,000) per year

– Senior Internal Audit Manager (13+ years): ₹20-30 lakhs (USD 27,000-41,000) per year

Job Description

Key Responsibilities:

1. Audit Planning: Plan and conduct internal audits.
2. Risk Assessment: Identify and assess business risks.
3. Audit Execution: Conduct audit procedures and testing.
4. Report Writing: Prepare audit reports and presentations.
5. Process Improvement: Recommend process improvements.
6. Compliance: Ensure regulatory compliance.
7. Internal Control: Evaluate internal controls.
8. Financial Analysis: Conduct financial analysis.

Requirements:

1. Education: Bachelor’s degree in Accounting, Finance, or related field; CA, CMA, or CS certification preferred.
2. Experience: Minimum 1-3 years of internal audit experience.
3. Language Skills: Fluency in English, Tamil, and Hindi.
4. Technical Skills: Proficiency in audit software, such as ACL or IDEA.
5. Soft Skills: Strong analytical, communication, and problem-solving abilities.

Industry-Specific Requirements:

1. IT Industry: Knowledge of software development and project management.
2. Healthcare: Understanding of medical accounting and billing.
3. Finance Industry: Familiarity with financial markets and instruments.

Career Path and Progression:

1. Junior Internal Auditor: Senior Internal Auditor, Internal Audit Manager.
2. Senior Internal Auditor: Internal Audit Manager, Senior Internal Audit Manager.
3. Internal Audit Manager: Senior Internal Audit Manager, Head of Internal Audit.

Challenges and Opportunities:

1. Regulatory Complexity: Navigate India’s complex regulatory environment.
2. Economic Volatility: Manage financial risks amidst economic uncertainty.
3. Growth Opportunities: Identify emerging opportunities in internal audit.
4. Talent Development: Attract and retain top internal audit talent.

Skills Required:

1. Audit planning and execution
2. Risk assessment and management
3. Financial analysis and reporting
4. Internal control evaluation
5. Compliance and regulatory knowledge
6. Process improvement and consulting
7. Communication and interpersonal skills
8. Analytical and problem-solving skills

Average Salary Growth Rate: 12-18% per annum

Job Satisfaction Rate: 9/10

Conclusion:

Internal audit jobs in Chennai offer challenging and rewarding career opportunities. With competitive salaries and growing demand, Chennai is an attractive destination for internal audit professionals.

If you are looking for suitable job, please upload your CV or apply here: www.finjobhub.com