Internal Audit Officer at GA Insurance

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