Statutory Audit Associate

Role & responsibilities

• Assist in conducting statutory audits of NBFC clients in accordance with auditing standards.
• Review financial statements, schedules, and disclosures for accuracy and compliance.
• Verify loan portfolios, interest income, provisioning, NPA classification, and related financial records.
• Evaluate internal controls and identify audit observations, process gaps, and risk areas.
• Ensure compliance with RBI regulations, Companies Act, Ind AS, and other applicable statutory requirements.
• Prepare audit working papers, schedules, and supporting documentation.
• Perform analytical reviews, variance analysis, and reconciliations.
• Coordinate with client teams for data collection, audit queries, and documentation.
• Support seniors/managers in preparation and finalization of audit reports.
• Maintain confidentiality, audit quality standards, and professional ethics.

Preferred candidate profile

• Knowledge of statutory audit procedures and accounting principles.
• Understanding of NBFC operations, loan accounting, provisioning norms, and RBI guidelines.
• Familiarity with Indian Accounting Standards (Ind AS) and Companies Act provisions.
• Strong analytical, documentation, and problem-solving skills.
• Proficiency in MS Excel and accounting/audit software.
• Good communication and stakeholder management skills.
• Ability to work under deadlines and manage multiple assignments.