About The Role
The individual will provide management and the Board with an objective, independent assessment of the internal control systems through the planning and execution of audit assignments. The individual will also add value to management by providing appropriate business-oriented recommendations. He/she will assist the Director/ Head of Internal Audit with delivery of the overall audit plan, reporting to committees and management, and supervising and developing the team.
Roles And Responsibilities
- Help identify key risks at the local level for each entity considering the relevant strategies and business environment.
- Help develop the annual audit plan considering the key risks identified.
- Plan, lead and execute audits, and evaluate the adequacy of controls according to established schedule and quality.
- Coordinate and monitor audits being performed by regulators, external auditors (for special projects, if any), other entities auditors and other groups providing assurance. Partner with internal audit colleagues in integrated audits where appropriate.
- Supervise in the preparation of the audit schedules, Audit Committee reports, monthly country reports and fulfil other regional or local reporting requirements.
- Review and/or prepare audit reports and lead discussion of issues and remedial action plans with the appropriate levels of management.
- Facilitate the issuance of audit reports to management.
- Follow-up outstanding audit issues and monitor timely completion of agreed remedial actions by management.
- Proactively contribute to the development of the team through coaching, training and providing timely feedback to junior staff.
- Assist in evaluating whether the team has adequate human resources, technical expertise and proficiency to cover the annual audit plan.
- Review and co-ordinate the work of the team members and ensure that the working papers, draft audit reports and other deliverables meet internal standards and assignments are completed within budgeted time.
- Assist the Associate Director/Director/Head of Internal Audit in training, mentoring and evaluating staff, and taking corrective actions to address performance issues.
- Liaise with the control community and other members of the company to contribute to the implementation of an effective and efficient system of internal control.
- Develop rapport with business unit management through regular communication of changes in business operations, emerging risks and potential issues, etc.
Job Requirements
- Minimum 15 years of internal/external audit experience or nine years of experience in the insurance, financial or a related industry. Supervisory working experience is an advantage.
- A relevant professional qualification such as Certified Public Accountant, Certified Internal Auditor or equivalent.
- Strong understanding of insurance operations and legislative/regulatory requirements.
- Knowledge with audit tools and other software such as TeamMate, ACL (data analytic tools), MS Office, intermediate knowledge on IT..
- Strong analytical, written/verbal communication, presentation, interpersonal, and relationship building skills.
- Solid problem-solving skills, ability to analyse complex data, identify core issues, investigate, evaluate and reach appropriate conclusions.
