Internal Auditor

XCMG Group · India

Title: Senior Internal Auditor

Location: Chennai, India

Travel Frequency : 30% - 40% (International travel to manufacturing bases in the US, Germany, or other subsidiaries as project required)

Job Description：

1. Supply Chain & Procurement Cost Audit (Cost Reduction Core)

• Procurement Pricing Audit : Conduct deep-dive audits on the procurement channels, bidding compliance, and pricing fairness of core components (such as steel, hydraulic parts, and engines) across bases in India, the US, and Germany.
• Supplier Management Audit : Evaluate supplier admission, performance appraisal, and elimination mechanisms; identify potential conflict of interest or overpriced procurement to uncover supply chain cost-saving opportunities.

2. Lean Manufacturing & Operational Efficiency Audit (Efficiency Enhancement Core)

• Shop Floor & Production Audit : Go deep into the workshops to audit capacity utilization, equipment OEE (Overall Equipment Effectiveness), scrap rates, and the authenticity of piece-rate wages in India and other factories to identify "hidden waste" in manufacturing.
• Inventory & Logistics Audit : Audit slow-moving inventory, long-cycle work-in-progress (WIP), international logistics, and customs clearance costs to drive inventory turnover and optimize logistics expenses.

3. Overseas Core Risk Management (Risk Control Core)

• Geopolitical & Market Access Risk : Closely track local trade policies (e.g., tariffs, anti-dumping, local content requirements) in India, the US, and Germany; audit the supply chain resilience and supply disruption risks of overseas production lines.
• Compliance & Legal Risk : Review labor law compliance (e.g., overtime, labor union risks), Environmental, Health and Safety (EHS) compliance, and local tax compliance across all overseas bases to prevent severe regulatory penalties.
• Anti-Fraud & Ethics Risk : Establish and broaden whistleblowing channels at overseas bases; conduct independent investigations into corruption, conflicts of interest, and unauthorized rebates in overseas procurement, sales, and construction projects.

4. Accounts Receivable (AR) Special Control

• Credit & Distributor Audit : Audit the credit evaluation mechanisms for large customers and distributors (especially in India); monitor overseas credit sales approval processes to mitigate risks of reckless credit extension driven by sales volume targets.
• Aging & Collection Audit : Perform regular look-through audits on AR aging reports; oversee the execution capabilities of overseas sales teams regarding collections; independently assess risks related to overdue accounts, bad debt provisions, and debt litigation to secure Group cash flow.

5. Sales & Administrative Expense Control

• Sales Expense Rationality Audit : Focus on auditing the authenticity and compliance of marketing expenses, exhibition fees, key account rebates, and distributor commissions to strictly prevent fraud and cash outs through fake expenses.
• Administrative & Operating Expense Audit : Audit daily administrative expenses, travel expenses, expat benefits, and consulting fees against budget baselines to identify and compress unreasonable spending.

6. Global Cross-Base Benchmarking

• Best Practice Replication : Benchmark production efficiency, labor costs, and manufacturing overheads across factories in Germany, the US, and India; output comparative reports to drive rectification and alignment of lagging bases with advanced plants.

Job Requirements：

1. Core Industry Experience

• Industry Background : Minimum of 5 years of professional experience, with at least 3 years of internal audit experience in large-scale construction equipment, automotive manufacturing, or heavy industry corporations .
• Core Expertise : Must possess extensive hands-on experience in Operational Audit, Cost Control, and Supply Chain Audit , rather than a purely financial compliance background.
• Preferred Qualifications : Familiarity with Lean Production (Lean/6 Sigma) or Industrial Engineering (IE) concepts; ability to understand factory BOMs (Bill of Materials) and manufacturing processes is a strong plus.

2. International Capabilities

• Language Proficiency : English must be the primary working language (must be fully fluent in listening, speaking, reading, and writing, with the ability to communicate flawlessly).

3. Educational Background & Certifications

• Education : Bachelor’s degree or above in Finance, Auditing, Industrial Engineering, Mechanical Manufacturing, Supply Chain Management, or related fields.
• Certifications : Holder of CIA (Certified Internal Auditor) , CRMA (Certification in Risk Management Assurance) , CFE (Certified Fraud Examiner) , or international accounting designations (ACCA/CPA/AICPA) is highly preferred.

4. Technical Skills

• System Proficiency : Must be proficient in utilizing SAP (specifically PP/MM/CO modules) ; possess the ability to use data for cost modeling and anomaly detection.