Senior Executive – Internal Audit

Overview

1) Audit Execution

• Assist in performing internal audits across key functions within the insurance brokerage.
• Execute audit fieldwork including walkthroughs, control testing, and documentation of processes.
• Perform substantive and analytical procedures to evaluate control effectiveness.
• Identify control gaps, inefficiencies, and areas of operational risk.

2) Risk & Control Assessment

• Evaluate internal controls relating to:
• Client onboarding and KYC/AML requirements
• Premium collection and remittance
• Commission and revenue processes
• Policy issuance, endorsements, and renewals
• Claims handling processes
• Regulatory compliance and reporting

3) Documentation & Reporting

• Prepare high-quality working papers in accordance with internal audit standards.
• Draft preliminary audit observations with clear issue articulation and recommendations.
• Assist in preparation of audit reports and presentation materials.
• Maintain audit documentation to ensure traceability and compliance with audit methodology.

4) Issue Tracking & Follow-Up

• Monitor implementation of agreed audit recommendations.
• Follow up with process owners to ensure timely closure of audit findings.
• Maintain action trackers and escalate delays where necessary.

5) Compliance & Standards

• Ensure audit procedures comply with IIA Standards and internal audit policies.
• Assist in maintaining audit quality and adhering to documentation standards.
• Support internal and external audit reviews where required.

6) Continuous Improvement

• Suggest process improvements and control enhancements.
• Assist in use of data analytics and automation in audit processes.
• Keep updated with industry best practices and regulatory developments.

Education

• Bachelor’s degree in accounting, Finance, Commerce, or related field (required).
• Pursuing or partially completed professional qualification/certifications (as listed below).
• Part Completed CA / CIA / CMA
• ACCA, CISA or
• MBA – Finance, or any equivalent finance/accounting qualification

Experience

• 2–4 years of experience in Internal Audit, Risk, or Assurance.
• Preferably within insurance, insurance brokerage, or financial services sector or reputed audit firm.
• Exposure to audit fieldwork, control testing, and documentation.
• Basic/working understanding of regulatory and compliance environments.

Technical Skills

• Knowledge of internal audit concepts and frameworks (e.g., IIA guidelines, risk-based auditing).
• Proficiency in MS Excel, Word, and PowerPoint.
• Familiarity with data analysis techniques and tools (e.g., Power BI, SQL – basic).
• Understanding of insurance brokerage operations and processes is an advantage.
• Basic/Working knowledge of AML/CFT, compliance, and regulatory controls preferred.

• MS Office Suite (Excel, Word, PowerPoint)

• Audit/working paper tools
• *(e.g., TeamMate, AuditBoard, Pentana or*
• equivalent
• *(as applicable)*
• .
• Data analysis tools
• *(Power BI, ACL, IDEA or similar tools)*