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Insurance Audit Manager

Responsibilities:

Perform risk assessment exercise in the annual audit planning and to develop risk-based Audit Porgram for execution of planned audits.
Lead and conduct risk-based audit assignments in accordance to the budgeted timeline, manpower resources and cost.
Review and evaluate the appropriateness of audit findings and recommendations prior to discussion with Management.
Prepare the draft audit reports incorporating all significant audit findings with their risk/impact identified, the associated root causes and the corresponding audit recommendations to strengthen the existing internal control systems.
Attend end-of -audit discussion.
Monitor and follow-up with the auditees on the progress of rectification actions and the status of the audit recommendations with regard to audit findings raised.
Participate in the review of Insurance products and systems / processes to ensure appropriate internal controls are incorporated.
Attend witnessing of the opening and closing of tenders called by the Management.
Participate in ad-hoc assignments, meetings and discussions, when required.
Review subordinates' Electronic Working Papers (EWP) and ensure completeness of audit documentation in the Audit Management System (AMS).
Update Audit Programs with the relevant guidelines issued from time to time.
Provide guidance and training to subordinates and feedback their performance to the Functional Area Head.

Requirements:

Degree in Finance, Accounting, Banking, Business Management or Economics.
Professional Accreditation:
- ACCA
- CPA
- ISCA
- CIMA
At least 4 - 5 years experiences in audit /risk /compliance functions and preferably in insurance.
Other skills required:
Strong analytical skills, meticulous, good interpersonal and communication skills.
Basic knowledge of internal control principles / practices, insurance activities, risk management, insurance risk evaluation, corporate governance and statutory regulations.