Internal Auditor (Insurance Firm) at Phillips Consulting

JOB SUMMARY

To be involved in the continuous review of the effectiveness of risk management, control and governance process and prepare reports on the departments’ compliance with statutory requirements, risk management, internal control, governance and the processes in place for ensuring effectiveness, efficiency and economy.

REQUIREMENTS

• Minimum of a bachelor’s degree in Accounting or Social Sciences.
• Minimum of three (3) years relevant work experience.
• Should have started writing the professional accounting exams.
• Ability to show impartiality and zeal to maintain integrity.
• Proficient in the use of Microsoft Office Suite.

RESPONSIBILITIES

• Involved in the annual audit planning process; preparation of audit plan, programmes and audit checklist.
• Issues tracking: Monitor the progress of the resolution of high and medium priority actions.
• Carry out risk based audit of the operations of units/Departments and branches, using set criteria to identify non-compliance to operational policies and procedures, errors, etc.
• Prepare reports highlighting issues, discuss audit findings with the process owner, focusing particularly on areas of business risk, control weakness and operational efficiency enhancements
• Source for and disseminate industry information and keep the organization abreast of current developments in the insurance industry.
• Involved in the quarterly independent evaluation of AML/CFT Compliance Programme.
• Monitor compliance to regulatory and operational requirements.
• Involved in the corporate governance assessment exercises in line with the requirements/best practice.
• Monitor regularization of issues raised in external audit management letter.
• Conduct quality audits to review the implementation of the Quality Management System in line with the requirements of the ISO 9001:2015 Standard.
• Active participation in the success of surveillance and recertification audits.