Posted By
Posted in
Banking & Finance
Job Code
1465610
Internal Audit Manager - Life insurance
Designation: Internal Audit Manager (700260)
Years of experience: 7 to 8
Salary Range: INR to (Annual)
Job Purpose :
- To conduct & manage internal audit as per the Internal audit plan and ad hoc audit/reviews of any areas identified by management and to assist in enhancing the Cost and Internal audit framework in the organization
Key Responsibilities :
- To develop internal audit programme to ensure that all functions/processes are cover to systematic review
- To Co-ordinate with external audit team and supervise them to ensure that they carry out their responsibilities effectively
- To Assist in audit committee presentation for Board
- To Review and evaluate internal procedures and supporting documentation to ensure that they provide an effective control system
- To Carry out ad hoc audit/reviews of any areas identified by management
- To conduct analysis of various Costs including Fixed and Variable Cost
- To Identify and recommend cost-effective solutions
Total Headcount (Direct) Supervised : 2
Specific Authorities (Financial & Non Financial):
- Authorized to approve FYLE expenses, travel, PO, GRN, Invoices as per delegation of authority matrix / organization policy
- Authorized to approve the internal audit scope
- Authorized to approve RCM
Key Performance Indicators :
- Internal audit plan Adherence = 100%
- TAT (High finding Reporting to closure) <= 90 days (100%)
- Audit Committee Reporting < 10days prior to ACM
- TAT (Proposed internal audit plan communication to Q4 ACM) < 10days prior to ACM
- TAT (Internal audit memo to Audit start date)< 3days prior to Audit start date.
Job Requirements :
- Qualifications: Chartered Accountant
- Base Skill: Understanding of organizational systems, process and products; MS Suite
- Functional Competencies :
- Risk Management
- Regulatory knowledge - Fair understanding of Insurance regulatory requirements
- Analytical Skills
- Industry networking
Behavioral Competencies :
- Business Acumen
- Collaboration
- Execution Excellence
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Posted By
Posted in
Banking & Finance
Job Code
1465610