Role Objective:
Responsible for executing risk-based internal audits according to the annual audit plan and assisting with various audit matters and projects.
Roles and Responsibilities:
- Develop work plans and audit programs for assurance and consulting engagements, including risk assessment.
- Perform financial, operational, and compliance audits of complex and smaller operations in line with company standards.
- Gather necessary information through record examination and staff interviews.
- Review and evaluate management controls for adequacy and effectiveness, and draft recommendations for improvements as needed.
- Document work performed through comprehensive working papers.
- Assess internal controls and administrative procedures.
- Conduct risk assessments of assigned departments or functional areas within required timelines.
- Establish risk-based audit programs and determine the scope of reviews with the Internal Audit Manager.
- Evaluate internal control designs and conduct audit testing to identify reportable issues and assess risk dimensions.
- Ensure compliance with policies and procedures.
- Communicate findings verbally to senior management and draft comprehensive audit reports.
- Plan audits, review internal controls, conduct audit tests, and prepare financial reports in accordance with International Financial Reporting Standards (IFRS).
- Document audited issues, write audit reports, and follow up on outstanding audit tasks.
- Analyze financial records, control management practices, policies, and reports, and may also review contracts, investigate claims, and validate key financial documents.
Qualifications:
- Relevant experience in internal auditing within the insurance sector.
- Strong knowledge of financial reporting standards and internal control systems.
- Excellent analytical, communication, and documentation skills.