Internal Audit

Job Description

Roles and Responsibilities: Determine internal audit scope and perform internal audit procedures as per the Internal Audit Plan. Have a thorough understanding of the processes and systems in place for the entities being audited. Anticipate and identify the various risks and controls associated with the processes / systems in place. Interact with various levels of management and staff while performing audits. Identify process improvements that lead to cost savings or revenue enhancement opportunities. Apply audit sampling tools and techniques during assignments. Ensure compliance with all applicable directives and regulations. Preparing internal audit reports. Conduct follow up audits to monitor the previous audit observations. Ensure that all audit records / documentations and working papers are maintained in detail. Performs other additional assignments/special audits as required by the Senior Management. Engage to continuous knowledge development regarding sectors rules, regulations, best practices, tools, techniques, and performance standards. Requirements: Adequate knowledge of various processes, products, and regulatory framework applicable to life insurance sector Excellent analytical skills Proficient in MS Office (Excel, Word, Power point) Any graduate/post-graduate/masters degree in finance or Equivalent Prior experience in Finance Life Insurance Experience is Mandatory Prior experience of Internal Audit (Preferred)