Internal Auditor

Key Responsibilities1. 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 exemptionso Trust Act / Societies Registration Acto Companies Act (where Section 8 entities exist)o UGC / AICTE / NMC / State Health & Education Department regulations Monitor compliance with grant conditions, donor agreements, and governmentfunding norms. Review TDS, professional 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 stocko Medical consumableso Laboratory reagentso 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, laboratorieso 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 transactionso Conflict of interesto 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 Observationso Risk ratingo Root cause analysiso 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 structureso Grant utilizationo Hospital billing controlso 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 ReportsSkills & 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 confidentiality Proficiency in Tally ERP , MS Excel

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