Junior Executive – Internal Audit
Introductory Summary
We are seeking a motivated and detail-oriented Junior Executive – Internal Audit to join our team within the Retail Cluster. This role plays a vital part in safeguarding the company’s operational integrity by ensuring compliance with policies, strengthening internal controls, and identifying opportunities for continuous improvement. The position is ideal for individuals looking to advance their career in auditing and gain valuable exposure across retail operations.
About the Company
LAUGFS Holdings Limited is a diversified conglomerate in Sri Lanka, established with the mission of enriching lives through innovation, trust, and sustainable growth. With a footprint across energy, retail, hospitality, and services, LAUGFS has become a household name trusted by millions of Sri Lankans.
Within the retail sector, LAUGFS operates with a clear vision of delivering value-driven, customer-centric experiences while upholding the highest standards of governance and accountability. The company is headquartered in Colombo, Sri Lanka, with operations spread across the country. Driven by core values of integrity, teamwork, and excellence, LAUGFS fosters a culture where employees are encouraged to challenge themselves, grow professionally, and contribute meaningfully to organizational success.
The Role and Responsibilities
As a Junior Executive – Internal Audit, you will play a central role in reviewing and improving operational and financial processes within the retail cluster. Your responsibilities will include:
Planning and Executing Audits
You will assist in planning and conducting internal audits across various retail operations. This involves evaluating financial transactions, branch activities, and operational efficiency to ensure that all practices align with company policies and industry regulations.
Reviewing Branch Operations and Financial Records
A core part of your role will be to analyze branch-level financial records, stock management systems, and cash handling practices. By identifying irregularities or gaps, you will contribute to ensuring smooth day-to-day operations and accurate reporting.
Evaluating Internal Controls and Risk Areas
You will actively assess existing internal controls and identify areas vulnerable to risk. This process includes recommending improvements that reduce operational inefficiencies, prevent errors, and strengthen compliance with both internal and external requirements.
Data Collection and Analysis
Auditing requires a strong eye for detail. You will collect, interpret, and analyze data to uncover discrepancies or inefficiencies, providing management with actionable insights for process improvements.
Preparing Audit Reports
Your findings will be documented through clear, comprehensive workpapers and draft reports. These reports will summarize the audit process, highlight critical observations, and suggest practical recommendations for corrective action.
Monitoring Corrective Actions
Audits do not end with reporting. You will be responsible for following up on agreed action plans, ensuring that issues are addressed and improvements are implemented effectively and on time.
Collaboration with Cross-Functional Teams
You will work closely with branch managers, finance teams, and other departments to strengthen overall internal control frameworks and enhance compliance practices across the retail network.
Staying Updated on Industry Standards
The auditing landscape is constantly evolving. You will keep yourself informed on the latest auditing standards, regulatory updates, and retail industry practices to ensure the company’s processes remain up-to-date and robust.
Qualifications and Skills
To succeed in this role, you should demonstrate both technical knowledge and personal qualities that support a career in auditing.
- Educational Background: Part qualification in CA Sri Lanka, CIMA, ACCA, or a degree in Accounting/Finance. Candidates who are currently pursuing professional qualifications are also encouraged to apply.
- Experience: A minimum of 1–2 years of experience in internal audit, external audit, or related fields. Prior exposure to retail sector audits will be a significant advantage.
- Technical Proficiency: Strong command of MS Office applications, particularly MS Excel, for data analysis and report preparation.
- Analytical Thinking: Ability to interpret complex data, identify inconsistencies, and propose logical, practical solutions.
- Communication Skills: Strong verbal and written communication in English, enabling you to present findings clearly and collaborate effectively with stakeholders.
- Personal Attributes: Integrity, accountability, and resilience under pressure are essential. A willingness to travel frequently to different retail locations is required.
Each of these qualifications contributes to building the foundation for a trusted and effective internal auditor who can balance technical expertise with interpersonal effectiveness.
What We’re Looking For
We are looking for a candidate who is more than just technically capable. The ideal individual is curious, detail-oriented, and proactive in identifying potential risks and opportunities. You should be comfortable working independently yet thrive in team settings where collaboration and open communication are valued.
The role also demands a strong ethical mindset, as auditors are entrusted with safeguarding organizational credibility. A passion for learning and adaptability to change will help you succeed in our fast-paced retail environment.
Why Join Us
At LAUGFS, employees are not just part of a company—they are part of a community committed to growth and shared success. Joining us means becoming part of a dynamic and inclusive workplace that prioritizes both professional development and personal well-being.
You will benefit from:
- Career Growth Opportunities: Exposure across diverse retail operations provides a strong foundation for career progression in audit and finance.
- Supportive Work Environment: Collaboration and teamwork are deeply embedded in our culture, ensuring that you have the guidance and mentorship needed to excel.
- Learning and Development: Regular training, exposure to new industry practices, and opportunities to develop professional qualifications.
- Impactful Contribution: Your role directly supports strengthening governance, accountability, and operational excellence, making a visible difference to the organization.
Application Process
If you believe you are the right fit for this opportunity and meet the above criteria, please forward your CV along with the contact details of two non-related referees to samith.lakshitha@laugfs.lk within 7 days of this advertisement.
Please note that only shortlisted candidates will be contacted.
Published By Amila Kulathunga