Role Overview:

As an Internal Audit professional specializing in Life Insurance, you will be responsible for independently planning, executing, and reporting on operational, financial, and compliance audits across the organization. You will collaborate closely with various stakeholders, including senior management, process owners, and external auditors, to assess the effectiveness of internal controls, identify areas for improvement, and recommend solutions to mitigate risks. Your work will directly contribute to enhancing the company's risk management framework, ensuring regulatory compliance, and safeguarding the interests of policyholders and shareholders.

Key Responsibilities :

- Develop and execute risk-based audit plans for life insurance operations, including underwriting, claims processing, policy administration, and financial reporting, to ensure alignment with organizational objectives and regulatory requirements.

- Conduct comprehensive audits of internal controls, policies, and procedures to identify weaknesses, assess compliance, and recommend corrective actions to strengthen the control environment.

- Prepare clear, concise, and actionable audit reports that communicate findings, recommendations, and management responses to relevant stakeholders, including senior management and the audit committee.

- Monitor the implementation of audit recommendations and track progress to ensure timely resolution of identified issues and continuous improvement in internal controls.

- Stay abreast of industry trends, regulatory changes, and emerging risks in the life insurance sector to proactively identify potential areas of concern and update audit programs accordingly.

- Collaborate with external auditors to facilitate their reviews and ensure alignment of internal audit activities with external audit requirements.

- Conduct investigations of suspected fraud, irregularities, and non-compliance to determine the root cause and recommend appropriate remedial actions.

- Provide advisory services to management on risk management, internal controls, and governance matters to enhance the overall effectiveness of the organization.

Required Skillset :

- Demonstrated ability to independently plan, execute, and report on internal audits within a life insurance environment, showcasing strong analytical and problem-solving skills.

- Proven expertise in assessing internal controls, identifying risks, and recommending solutions to mitigate those risks, coupled with a deep understanding of life insurance operations and regulatory requirements.

- Excellent communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels of the organization and present audit findings in a clear and persuasive manner.

- Strong report writing skills, with the ability to prepare concise, accurate, and actionable audit reports that communicate findings and recommendations effectively.

- Bachelor's degree in Accounting, Finance, or a related field; professional certification such as CIA, CPA, or CISA is highly preferred.

- Ability to work effectively in a fast-paced, dynamic environment and adapt to changing priorities, demonstrating strong organizational and time management skills.