A niche insurer in South Africa is looking for an Internal Audit Manager!!
Duties & Responsibilities
Are you a strategic leader with a passion for governance, risk management, and compliance within the insurance industry?
Join a leading insurance company as an Internal Audit Manager and play a crucial role in ensuring the highest standards of risk management, governance, and regulatory compliance.
Be part of a dynamic team where strategic leadership, operational excellence, and continuous improvement drive success. This role reports to the Audit and Risk Committee with a dotted line to the CEO, offering high visibility and impact within the organisation.
Apply now to take the next step in your career as an Internal Audit Manager within a respected insurance company. Apply Today! Send your CV to Shouneez@salixrecruitment.co.za
Duties:
Strategic Leadership: Develop and execute a comprehensive, risk-based internal audit plan aligned with company goals and regulatory standards.
Audit Execution and Oversight: Lead and oversee audits addressing financial, operational, compliance, and IT risks, ensuring adherence to South African insurance regulations (FSCA and Prudential Authority).
Regulatory Compliance: Stay updated on regulatory changes and maintain open communication with regulatory bodies.
Operational Excellence: Optimize internal audit methodologies and promote a combined assurance approach across all lines of defence.
Team Leadership and Development: Mentor and develop a high-performing internal audit team, ensuring they stay informed about industry trends and best practices.
Reporting and Communication: Present findings to the Audit and Risk Committee and Board, fostering a culture of accountability and continuous improvement.
Job Experience & Skills Required:
Qualifications:
Matric (Grade 12)
Bachelor’s degree in Accounting, Auditing, Finance, or related field.
Professional certifications such as Chartered Accountant (CA(SA)), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA).
Experience:
Minimum of 10 years in internal audit, with at least 5 years in a senior leadership role within the insurance or financial services industry in South Africa.
Extensive experience with risk-based auditing and South African insurance regulatory frameworks (e.g., SAM). IFRS 17 experience is highly beneficial.
Proven experience liaising with regulatory authorities (FSCA and Prudential Authority).
Skills & Competencies:
In-depth knowledge of South African insurance regulations and governance frameworks.
Strong analytical, problem-solving, and risk management skills.
Excellent leadership, communication, and stakeholder engagement abilities.
Proficiency in audit management software and data analytics tools.
Strategic thinker who balances governance needs with business priorities.
High ethical standards and integrity.
Innovative approach to audit methodologies and technology use.
If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles / positions.