Internal Auditor, Raniganj

Key Responsibilities 1. Financial&Transaction; Audits Review fee collections, patient billing, grants, donations, and endowments. Verify accuracy of student fee concessions, scholarships, and refunds. Audit hospital billing, pharmacy sales, diagnostics, and insurance claims. Examine bank reconciliations, cash handling, and revenue leakages.2. Statutory&Regulatory; Compliance Ensure compliance with applicable laws and regulations, including: o Income Tax Act (including Sections 10(23C), 11, 12, 13) o GST applicability and exemptions o Trust Act / Societies Registration Act o Companies Act (where Section 8 entities exist) o UGC / AICTE / NMC / State Health&Education; Department regulations Monitor compliance with grant conditions, donor agreements, and government funding norms. Review TDS, skilled tax, PF, ESI, and other labour law compliances. 3. Operational&Process; Audits Review admission processes, seat allocation, fee approvals, and refunds. Audit procurement of medicines, consumables, equipment, and services. Verify inventory controls for: o Pharmacy stock o Medical consumables o Laboratory reagents o Hostel and mess supplies Review payroll, consultant payments, visiting faculty fees, and incentivestructures. 4. Asset&Infrastructure; Audits Verify capitalization, usage, and safeguarding of: o Buildings, hostels, hospitals, laboratories o Medical equipment and IT assets Review asset procurement, AMC contracts, and disposals. Audit of construction projects, BoQs, contractor bills, and work certifications. 5. Governance&Risk; Management Evaluate internal controls over: o Related party transactions o Conflict of interest o Delegation of authority Identify financial, compliance, reputational, and operational risks. Support fraud risk assessment, prevention, and detection mechanisms. 6. Audit Reporting&Follow-up; Prepare risk-based internal audit plans. Draft detailed internal audit reports with: o Observations o Risk rating o Root cause analysis o Practical and implementable recommendations Track management action plans and closure of audit observations. 7. Advisory&Support; Functions Assist management in strengthening SOPs, policies, and control frameworks. Support statutory auditors, tax auditors, and regulatory inspections. Provide advisory inputs on: o Fee structures o Grant utilization o Hospital billing controls o ERP / HIS / Student Information Systems implementationKey Deliverables Internal Audit Plan Internal Audit Reports Compliance&Regulatory; Status Reports Grant Utilization&Donor; Compliance Reports Follow-up&Closure; Reports Skills&Competencies; Required Strong understanding of trust accounting and fund-based accounting Knowledge of education and healthcare regulations Analytical mindset and attention to detail Ability to deal with multiple stakeholders (faculty, doctors, administrators) High ethical standards and confidentialityProficiency in Tally ERP , MS Excel Apply on Kit Job: kitjob.in/job/4nairl