What is the salary of an Internal Auditor at Finolex Cables?

The average salary for an Internal Auditor at Finolex Cables is approximately ₹7.3 lakhs per year based on available data.

Responsibilities of an Internal Auditor at Finolex Cables:

1. Risk Assessment and Management:
   • Assessing risks within the organization, identifying vulnerabilities, and recommending mitigation strategies to ensure effective risk management.
2. Financial Audits:
   • Reviewing financial records, transactions, and controls to maintain financial accuracy, prevent fraud, and enhance transparency.
3. Process Evaluation:
   • Examining business processes such as procurement, production, sales, and distribution to assess efficiency, effectiveness, and adherence to procedures. Providing recommendations for process improvements.
4. Compliance Monitoring:
   • Verifying compliance with laws, regulations, and internal policies to ensure ethical and legal operations, thereby preventing legal issues and maintaining the company's reputation.
5. Internal Controls:
   • Evaluating internal control systems to assess their adequacy in safeguarding assets, preventing errors, and detecting irregularities. Recommending enhancements to strengthen controls and reduce risks.
6. Reporting and Communication:
   • Preparing detailed reports based on findings and sharing them with management to highlight areas for improvement. Ensuring effective communication to facilitate prompt corrective actions.
7. Continuous Learning and Improvement:
   • Staying updated on industry trends, regulations, and best practices through participation in training and professional development activities. Continuous learning enhances the auditor's ability to provide valuable insights.

Potential Benefits for an Internal Auditor at Finolex Cables:

1. Housing Allowances:
   • Housing allowances can assist with housing-related expenses. Whether Finolex Cables specifically offers this benefit to Internal Auditors would require direct confirmation from the company.
2. Transportation Allowance:
   • Transportation allowances cover commuting costs, including reimbursement for fuel, public transportation expenses, or other travel-related costs. Whether Finolex Cables provides this benefit would depend on their policies and the specific role of an Internal Auditor.
3. Wellness Programs:
   • Many companies offer wellness programs including gym memberships, health screenings, mental health support, and stress management resources. These initiatives contribute to a positive work environment and employee well-being.
4. Corporate Policies:
   • Finolex Cables emphasizes occupational health and safety, environmental protection, and efficient resource utilization in its corporate policies. While specific benefits may not be publicly listed, the company likely aligns its policies with industry standards.