Magma HDI General Insurance - Manager - Internal Audit

Internal Audit Manager

About the job:

Objective:

- Execution of internal audit assignments from planning to reporting and achievement of Internal Audit Plan.

- Assist seniors in developing Risk Based Annual Internal Audit Plan and audit committee working papers.

- To track and monitor Open Audit Issues.

- Risk Control Matrix preparation and documentation of working papers.

Strategy & Planning:

- Design risk based internal audit plan under the guidance of seniors

- Demonstrate in-depth knowledge of business risks, processes and internal controls of the organization

- Ensure quality and consistency in the preparation of risk-based audit programs

- Coordinate with outsource internal audit vendors to accomplish audit deliverables.

- Manager is responsible for training of junior staff for audit methodologies, data analytics,

- Expected to be fully conversant with recent changes in regulations and assessing its impact on the audits undertaken.

Execution:

- Execution of Internal Audit / Special Reviews/Branch Audits (i., audit planning, scoping, fieldwork, reporting and working paper documentation)

- Presentation and discussion of audit issues and reports with the senior management as well as with CIA.

- Ensures preparation and maintenance of the working papers for audits undertaken in the assigned audit repositories.

- Manager is expected to have experience of technical audits like underwriting, claims, reinsurance etc for General Insurance.

Qualification:

- Should be a CA/CS/ICWA with 4+ years of post-qualification experience in Internal Audit, Insurance Experience Preferred.

- MBA having relevant experience in Internal audit only in General Insurance sector.

- CIA, CISA (Preferable)

- Candidate must be computer literate with high level of competency in MS Office.

- Proficient in Excel as well as data analytics.

- Extensive knowledge of and skill in applying internal auditing and accounting principles and practices, and management principles and preferred business practices.

Competencies:

- Considerable skilled in negotiating issues and resolving problems

- Good command of oral and written knowledge of English

- Considerable skilled in effective verbal and written communications/presentations, including active listening skills.

- Independent and logical thinking

- Assertive approach

- Good analytical skill and drawing logical conclusions

- Self-driven and result orientation