Job Summary:
Responsible for providing support in execution of the annual audit plan to give assurance on the effectiveness of the Risk Management, Control & Governance processes with GA Insurance Limited and its subsidiaries.
Duties and Responsibilities:
Develop appropriate audit tests aimed at addressing identified risks and achieving the desired audit objectives as per the agreed audit plan with a view to providing assurance that such risks are effectively managed/ mitigated.
Confirming the effective working of internal controls by carrying out control effectiveness reviews for GA processes.
Make maximum use of computer assisted audit tools in automation of processes for use by the entire audit department.
Quality assurance to ensure that all work delivered, including working papers, both meet the global internal audit standards (GIAS 2024) as well as support the audit findings, recommendations and conclusions
Communicating audit observations to the management will include drafting suitable audit reports highlighting key control weaknesses, non-compliance with procedures and management policies and regulatory requirements, among others on those areas audited.
Participate in Departmental meetings to evaluate new developments in GA and the industry that may require modification of the audit approach as well as discuss the on-going audit progress and any challenges faced.
Participate in the development of the annual Internal Audit Plan.
Ensure follow up and disposal of agreed audit recommendations logged from previous audits.
Participate in the BAC file preparation.
Maintaining effective relationships with business management.
Periodic review of risk-based audit process. Continue to update awareness of risk issues and changes across relevant business units and use this knowledge to amend audit approach where necessary
Performing ad-hoc management requests
Academic/Professional qualifications:
Bachelor's degree in commerce, Finance, Economics, Business Administration or a Business-related field from a recognized institution
CPA, ACCA, CISA or an equivalent professional qualification
CIA is desirable
Experience
Minimum 2 - 5 years' experience in internal audit, preferably within Insurance
Competencies & Skills Required
Audit reporting skills.
Data analytic skills
Knowledge of relevant legislation
Knowledge and experience in use of Audit Analytics tools
Knowledge of accounting and auditing standards and procedures.
Knowledge in risk assessment procedures.
Attention to details.
Relationship Management
Strategic Thinking & Business Insight