Internal Audit Director Experience in textiles - manufacturing industry.

Internal Audit Director Experience textiles - manufacturing industry 16 to 21 Years

Audit Strategy & Governance: Develop and execute a risk-based annual audit plan covering manufacturing, supply chain,commercial, financial, HR and IT processes. Establish internal audit policies aligned with Standards Framework. Report key audit findings, risk exposures, and control weaknesses to the Audit Committee.2. Operational & Manufacturing Audits: Audit production processes (spinning, weaving, dyeing, finishing, packing) for efficiency, yield,and control effectiveness. Review standard costing, waste, scrap, and rework controls. Assess inventory accuracy, yarn/fabric losses, and warehouse controls. Evaluate maintenance, downtime, and capacity utilization controls.3. Supply Chain & Procurement Audits: Audit procurement of yarns, fibers, dyes, chemicals, and spare parts. Review supplier selection, contracts, pricing, and payment controls. Assess import/export processes, logistics costs, and customs compliance. Evaluate working capital, stock aging, and slow-moving inventory risks.4. Commercial & Export Sales Audits: Review sales contracts, export pricing, discounts, commissions, and rebates. Audit customer credit limits, collections, and receivables aging. Evaluate export documentation, Incoterms compliance, and FX exposure. Assess revenue recognition and margin leakage risks.5. Risk Management: Lead Enterprise Risk Management initiatives. Identify fraud risks related to inventory theft, production manipulation, procurement collusion,and cash collections. Lead investigations and coordinate with legal/external auditors when required. Promote a strong ethical culture and whistleblowing mechanisms.

Compliance & Reporting: Ensure compliance with local laws, tax regulations, labor law, and export regulations. Coordinate with external auditors, regulators, and certification bodies. Monitor implementation of corrective and preventive actions. Provide periodic audit dashboards and risk reports to management and the board. Handle any other tasks related to the role.

Key Performance Indicators (KPIs)

1. Audit Effectiveness KPIs: Audit plan completion: % of approved audits completed annually. High-risk findings closure: % closed within agreed timeline. Repeat audit findings: % of recurring issues. Control effectiveness score: Overall rating of key controls.2. Risk & Compliance KPIs: Fraud & loss Incidents: Number/value of incidents. Compliance violations: Regulatory or audit breaches. Inventory variance reduction: % reduction in losses. Working capital risk reduction: Inventory & AR exposure.3. Board & Management KPIs: Audit committee satisfaction score. Timeliness of audit reporting. Management action implementation rate. Quality of advisory recommendations.

Qualifications & Experience

Bachelor's degree in Accounting and Finance. Professional certifications CIA, CPA preferred. 15–20 years of experience in internal/external audit. Strong exposure to textile industry or huge manufacturing. Proven experience dealing with boards and governance committees. High integrity, independence, and analytical capability.