Internal Audit Manager- FMCG Retail

Job Title: Internal Audit Manager (FMCG & Retail Hypermarket)

Job Summary

The Internal Audit Manager is responsible for leading and executing internal audit activities across FMCG operations and retail hypermarket stores. This role ensures effective risk management, internal controls, compliance with policies, and operational efficiency across supply chain, inventory, merchandising, and store operations.

Key Responsibilities

1. Audit Planning & Execution

• Develop and implement a risk-based internal audit plan covering FMCG operations and retail stores.
• Conduct operational, financial, and compliance audits across warehouses, distribution centers, and hypermarkets.
• Lead audit engagements from planning to reporting, ensuring timely completion.

2. Retail & Store Audit Oversight

• Evaluate store-level controls including cash handling, shrinkage, inventory management, and merchandising compliance.
• Perform surprise audits and spot checks across retail outlets.
• Review POS systems, promotions, pricing accuracy, and stock movement.

3. FMCG & Supply Chain Audits

• Assess procurement processes, supplier management, and contract compliance.
• Audit inventory controls, stock aging, wastage, and logistics operations.
• Monitor distribution efficiency and warehouse controls.

4. Risk Management & Internal Controls

• Identify key business risks and recommend mitigation strategies.
• Evaluate the effectiveness of internal controls and suggest improvements.
• Ensure compliance with company policies, procedures, and regulatory requirements.

5. Reporting & Stakeholder Management

• Prepare detailed audit reports with findings, root cause analysis, and actionable recommendations.
• Present audit results to senior management and audit committees.
• Follow up on audit findings to ensure timely closure.

6. Team Leadership

• Lead, mentor, and develop the internal audit team.
• Allocate audit assignments and review team performance.
• Promote a culture of accountability and continuous improvement.

Qualifications & Experience

• Bachelor's degree in Accounting, Finance, or related field (Master's preferred).
• Professional certifications such as CIA, CPA, ACCA, or CISA are highly preferred.
• 8–12 years of experience in internal audit, with significant exposure to FMCG and retail/hypermarket operations.
• Strong understanding of retail operations, inventory controls, and supply chain processes.

Key Skills & Competencies

• Strong analytical and problem-solving skills
• In-depth knowledge of internal audit methodologies and risk assessment
• Experience with ERP systems (e.g., SAP, Oracle)
• Excellent communication and report-writing skills
• Leadership and team management abilities
• High attention to detail and integrity

Preferred Experience

• Experience auditing large retail chains or hypermarkets
• Exposure to multi-branch/store environments
• Knowledge of fraud detection and investigation techniques

KPIs / Performance Metrics

• Completion of audit plan within timelines
• Reduction in control gaps and audit findings
• Implementation rate of audit recommendations
• Improvement in inventory accuracy and shrinkage control
• Stakeholder satisfaction