Head of Audit - Insurance

Overview

Jeddah, KSA

Key Responsibilities

• Lead and oversee the company’s internal audit department, ensuring effective governance, risk management, and control frameworks.
• Develop and execute a comprehensive, risk-based internal audit plan in alignment with regulatory requirements (SAMA) and corporate strategy.
• Provide independent assurance to the Audit Committee and senior management on the adequacy and effectiveness of internal controls and business processes.
• Manage, mentor, and develop the internal audit team to deliver high-quality, value-added audit engagements.
• Review financial, operational, compliance, and IT processes to identify risks, control weaknesses, and improvement opportunities.
• Coordinate with external auditors, regulators, and other assurance providers to ensure audit efficiency and compliance with industry standards.
• Report findings and recommendations to executive management and the Audit Committee, driving timely implementation of corrective actions.
• Stay up to date with emerging risks, regulatory changes, and best practices in the insurance and financial services industries.
• Foster a culture of integrity, transparency, and accountability across all business units.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related discipline (Master’s degree or MBA preferred).
• Professional certifications such as

Cia, Cpa, Acca, Cisa

• , or equivalent are required.
• Minimum
• 10–15 years
• of relevant audit experience, with at least
• 5 years in a senior leadership role
• within the insurance or financial services industry.
• Strong understanding of
• SAMA regulations
• , risk management frameworks, and internal control systems.
• Proven experience in leading cross-functional audit teams and engaging with Board Audit Committees.
• Excellent communication and interpersonal skills, with the ability to influence senior stakeholders.
• High integrity, analytical mindset, and strategic thinking capabilities.
• Fluent in

English