Internal auditor

XCMG Group · Chennai, 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.