Senior Associate

PricewaterhouseCoopers Acceleration Centre (Kolkata) Private Limited is a joint venture in India among members of the PricewaterhouseCoopers Network that will leverage the scale and capabilities of its network. It is a member firm of PricewaterhouseCoopers International Limited and has its registered office in Kolkata, India. Working with PwC UK’s FS-BRC as part of the Acceleration Centre will provide you an opportunity to work with leading financial services firms on cutting edge areas in a dynamic environment. You will have the opportunity to develop your skills in Internal Audit, as well as a broader understanding of risks and controls over the key processes in the insurance sector.

Reporting:

▪ Position reports to an Internal Audit Manager/ Senior Manager.

Key responsibilities and experience:

▪ Have day to day responsibility over a range of Internal Audit reviews in the insurance sector - including:

▪ Performing process walkthroughs to identify key risks; o Developing risk and controls matrices for the reviews

▪ Performing and documenting design and operating effectiveness testing; o Documenting findings in an issue log and draft report

▪ Providing relevant and pragmatic recommendations on how to remediate any findings raised during the review.

▪ Communicate regularly with the client to obtain the relevant evidence to support the Internal Audit reviews.

▪ Perform Quality Assurance reviews over Internal Audit files against internal audit methodologies and relevant internal audit standards.

▪ Monitor project progress, manage multiple assignments/ related project teams, if needed.

▪ Prior work experience in Insurance Internal Audit, Quality Assurance reviews, or Risk Governance and Regulatory Compliance Testing in the insurance sector.

▪ Able to demonstrate a deep understanding of Insurance business processes and accounting including related systems, policies, procedures, and controls.

Interpersonal skills:

▪ Ability to work independently under general supervision with latitude for initiative and independent judgment.

▪ Excellent verbal and written English communication, including active listening skills.

▪ Ability to establish and maintain effective working relationships with team members and clients.

▪ Comfortable working on multiple projects simultaneously.

▪ Demonstrate strong analytical thinking and communication skills including the ability to research and understand complex processes and effectively communicate them to the team.

Client management:

▪ Proactive in engagement with clients in obtaining evidence and/or raising queries.

▪ Ensure client service delivery in accordance with the quality guidelines & methodologies.

▪ Build and maintain client relationships by understanding and being responsive to client needs and ensuring high quality of deliverables

▪ Maintain excellent rapport and proactive communication with the stakeholders and clients.

Operational excellence:

▪ Suggest ideas on improving engagement productivity, including using technology, and identify opportunities for improving client service. Also, share knowledge with team members and enhance service delivery.

▪ Ensure compliance with engagement plans and internal quality & risk management procedures.

People related:

▪ Display teamwork, integrity, and leadership. Work with team members to set goals and responsibilities for specific engagements.

▪ Foster teamwork and innovation.

▪ Be actively involved in team building activity for strong group/team synergy.

▪ Contribute to the learning & development agenda and knowledge harnessing initiatives.

Minimum qualifications:

▪ Bachelor's/Master’s Degree in Commerce / Economics / MBA/ BBA (or) Chartered Accountant (or) CIA.

▪ Experience in identifying control gaps and communicating audit findings and recommendations to clients

▪ Experience in performing Internal Audit reviews

▪ Candidates with 4-8 years of relevant experience in similar role, preferably with a “Big 4” or equivalent