Internal Auditor

Job Summary:

We are seeking a detail-oriented and experienced Internal Auditor to join our team in the Insurance domain. The ideal candidate will be responsible for evaluating and improving the effectiveness of risk management, control, and governance processes. The role involves conducting audits across various insurance business functions, identifying control gaps, and recommending process improvements to ensure compliance with internal policies, regulatory requirements, and industry standards.

Key Responsibilities:

• Conduct internal audits across life/general/health insurance functions including underwriting, claims, policy servicing, finance, operations, and distribution.
• Evaluate the adequacy and effectiveness of internal controls, risk management, and governance processes.
• Perform walkthroughs and control testing as per the audit plan.
• Identify control deficiencies and areas of improvement and recommend practical solutions.
• Draft audit findings and reports with clear, concise, and value-adding observations.
• Ensure compliance with IRDAI regulations and internal company policies.
• Collaborate with cross-functional teams to follow up on audit recommendations and monitor implementation.
• Assist in the development of the annual audit plan based on risk assessment.
• Stay updated with industry trends, new regulations, and best practices in internal auditing and insurance.

Required Skills & Qualifications:

• Bachelors degree in commerce, Accounting, Finance or a related field;
• 3–8 years of internal audit experience, preferably in the insurance or financial services industry.
• Strong understanding of insurance operations, regulatory environment (IRDAI), and internal controls.
• Excellent analytical, problem-solving, and communication skills.
• Proficiency in MS Excel, Word, PowerPoint; knowledge of audit tools and data analytics is a plus.
• Ability to work independently as well as part of a team.

Preferred Attributes:

• Experience with risk-based internal audits.
• Knowledge of enterprise risk management (ERM) frameworks.
• Familiarity with fraud risk assessments and forensic audit procedures.