Internal Process Audit Role - General Insurance Firm - CA (6-10 yrs)

Position: Internal Process Audit

Experience: 6+ years in the insurance sector

Company: General Insurance

Location: Mumbai

Qualification: Chartered Accountant (CA)

- Workdays: 5 days a week

Overall activities -

- Involved in business and governance change projects, providing controls and risks consultancy;

- Analyzes, proposes, and recommends changes to policies and procedures in order to maintain the structure of internal controls and conform to applicable external regulations;

- Stays up-to-date with changes in the industry and analyzes the impact of those changes on the business.

Risk Assessment

- Contributes, using breadth and depth of knowledge of the business, to the internal audit risk assessment, by providing a detailed understanding of risks faced within respective area of responsibility;

Audit Engagements

- Responsible for planning, scoping and delivering of the most complex audit engagements identified in the plan;

- Accountable for quality and delivery of audit work;

- Responsible for making professional judgments / decisions throughout the audit, ensuring such judgments / decisions are documented and managing/escalating issues (as needed);

- Responsible for monitoring the issues resolution;

- Responsible for overseeing the audits within the respective area of responsibility;

- Responsible for the review, challenge and approval of the Audit Plan Memo, Risk And Control Matrix, Half Time Review, meeting minutes, Issues Log, ToR, and Audit Reports;

- Reports and escalates risks and issues as appropriate;

Reporting

- Responsible for agreement of final audit reports and corrective actions with Top Management and ensuring agreed actions are tracked and implemented;

- Reports on activities throughout the year to the Auditor Level 1 and/or to the Top Management; Relationship with Top Management and other control functions

- Responsible for managing good relations with Top Management and external auditors;

- Responsible for monitoring the collaboration between the Audit function and the Risks teams to guarantee that the evolving Internal Audit program reflects the changing pattern of risks and addresses current and emerging priorities;