Internal Audit Executive at Guinea Insurance plc

Job Overview:

• The Internal Audit Executive is responsible for evaluating the effectiveness of the company’s internal controls, risk management, governance processes, and compliance with regulatory requirements. The role ensures operational efficiency, protects company assets, and supports management in strengthening processes across all insurance functions, including underwriting, claims, finance, sales/marketing, and branch operations.

Job Responsibilities:

• Assist in developing the annual internal audit plan based on risk assessment.
• Conduct audits of operational, financial, and functional units across head office and branches.
• Perform fieldwork, data analysis, and process walkthroughs for underwriting, claims reinsurance, finance, HR, and IT.
• Prepare working papers in line with professional auditing standards.
• Identify control gaps, potential risks, and process weaknesses.
• Recommend corrective actions to mitigate risks and strengthen governance.
• Prepare clear, concise audit reports indicating findings, implications, and recommendations.
• Present findings to Head- Audit and support follow-up actions to ensure timely closure of audit issues.
• Conduct surprise audits on cash management, petty cash, reconciliations, and branch operations.
• Review third-party processes and outsourced functions to ensure compliance with SLAs.
• Support fraud investigation efforts when required.
• Monitor trends in internal controls, insurance operations, and regulatory expectations.
• Propose innovative ways to enhance efficiency and reduce operational risks.

Requirements:

• Bachelor’s degree in Accounting, Finance, Economics, or related field.
• Professional certifications such as ACA, ACCA, CIA, or CISA would be an added advantage.
• 2–4 years of audit experience, preferably in Insurance or financial services. Audit execution and report writing
• Proficiency in MS Office (Excel, PowerPoint, Word); knowledge of audit management tools is an advantage.