Internal Audit Officer at Coronation Insurance Plc

Principal Duties & Responsibilities

• Support the execution of the annual internal audit plan.
• Adhere to applicable ethical standards when performing internal audits.
• Assist in identifying risk exposures to the organization.
• Perform follow-up procedures to monitor the completion of management actions.
• Prepare reports and maintain documentation related to audits for internal records.
• Obtain, analyze, and evaluate accounting documentation, previous reports, data, flowcharts, etc., as part of audit or investigative activities.
• Assist in implementing corrective actions and internal controls to close compliance gaps and address compliance risk exposure.
• Conduct follow-up audits to ensure compliance with Board and management resolutions regarding the internal control environment.
• Perform other work-related duties and responsibilities as assigned by the Internal Audit Manager.

What we are looking for

Required Technical and Behavioural Competencies

• Understanding of trends, challenges, opportunities, regulations and legislations relating to Internal Audit in the Financial Services industry.
• Knowledge of internal audit methodologies, corporate governance procedures and accounting standards.
• Knowledge of the role of Internal Audit in corporate governance and its key relationships with the Board, Board Committees (e.g. Audit Committee) and Executive Management.
• Knowledge and experience in the use of accounting packages and systems, such as ERP.
• Knowledge of control practices, auditing/ accounting standards, internal auditors’ code of ethics and other related guidelines.
• Understanding of internal, financial, and operational audits.
• Knowledge of regulations and guidelines.
• Knowledge of fraud detection and control techniques.
• High integrity and ethical standards.
• Good business acumen for problem-solving.
• Excellent communication skills.

Educational Qualification and Experience

• Bachelor's degree in Accounting or Finance
• Professional Accounting certification, e.g. ACA, ACCA, CIA, CISA is an added advantage
• 3-5 years relevant experience in internal audit
• Relevant experience in the insurance industry will be an added advantage