Fin & Ops Auditor (Automobile & Commercial Vehicles)

Job Summary:

The Auditor will be responsible for conducting comprehensive financial and operational audits across all Seva Group’s Honda two-wheeler, MSIL four-wheeler, and Eicher commercial vehicle units. This role is crucial for ensuring the financial & operational integrity, accuracy, and compliance of our sales, service, spare parts, and bodyshop operations. The ideal candidate will have a keen eye for detail and a strong understanding of automotive dealership financial processes.

Financial Audit

• Verification of Financial Statements
• Accuracy of the P&L, balance sheet, and cash flow
• Revenue Recognition:
• Proper recording of vehicle sales, insurance income, accessories, finance commissions, and extended warranties.
• Inventory Valuation & Verification
• Physically verify vehicle stock (new, used, demo), spare parts, and accessories.
• Proper valuation as per accounting norms.
• Accounts Receivable & Payable
• Aging analysis and make provisions for doubtful debts.
• Validity of supplier balances
• Cash & Bank Reconciliation
• Verification of daily cash deposits and match them with the Dealer Management System (DMS)
• Bank reconciliation accuracy.

Statutory Compliance

• GST Compliance
• Timely filing and correct input credit utilization
• Reconcile GSTR-2A/2B with the books
• TDS/TCS Compliance
• Correct deduction and deposit.
• Income Tax Compliance
• Proper expense categorization for disallowances.
• RTO and Local Tax Compliance
• Companies Act Compliance
• ROC filings, board resolutions, etc.

Operational Audit

• Internal Controls & Processes
• Evaluate SOPs for vehicle delivery, inventory handling, and test drive protocols.
• Service Department Checks
• Job card billing with the actual work done.
• Warranty claims and approvals.
• Insurance & Finance Commissions
• Match income received from finance and insurance partners with actual deals.
• Parts & Accessories Stock
• Identify slow-moving and obsolete stock and ensure proper valuation

OEM Incentives Audit

• Verification of Schemes & Claims
• Check if OEM incentives are accounted for correctly.
• Matching with OEM Statements
• Compliance with Claim Documentation

Payroll and HR Audit

• Attendance & Salary Verification
• Match salaries with attendance and overtime records
• ESIC/PF Compliance
• Incentive Schemes Audit

Fixed Assets Verification

• Asset Register Review
• Depreciation Schedule
• Physical Verification

Legal & Risk Review

• Pending Litigations/Consumer Complaints
• Insurance Coverage Adequacy (Assess fire, theft, third-party)

Fraud Risk Review

• Review for duplicate billing and ghost entries
• Audit the trail for voided invoices and discounts
• Unusual cash handling patterns

MIS and Reporting Integrity

• Match monthly MIS with the books
• Compare management reports v/s actuals
• Perform a budget v/s actual analysis

Suggestions & Risk Mitigation

• Audit Report with Observations and Recommendations
• Highlight weak controls and gaps

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