Senior Executive – Internal Audit

Role Summary

This position plays a hands-on role in delivering internal audit assignments by carrying out risk-focused testing, reviewing internal controls, and helping document and communicate findings. The role supports stronger governance, better risk oversight, and improved control practices within an insurance brokerage setting, while also helping ensure alignment with regulatory expectations and internal policies.

Audit Execution

• Support the delivery of internal audits across important business areas within the brokerage.
• Carry out fieldwork such as process walkthroughs, control testing, and process documentation.
• Perform detailed and analytical review procedures to assess how well controls are working.
• Spot control weaknesses, operational inefficiencies, and other risk exposures.

Risk and Control Review

• Assess controls connected to client onboarding and KYC/AML obligations.
• Review controls around premium collection and remittance.
• Examine commission and revenue-related processes.
• Evaluate controls for policy issuance, endorsements, and renewals.
• Review claims handling workflows.
• Assess compliance and regulatory reporting controls.

Documentation and Reporting

• Prepare clear and well-structured working papers in line with internal audit requirements.
• Draft early-stage audit observations with precise issue descriptions and practical recommendations.
• Assist in creating audit reports and presentation materials.
• Maintain complete audit records to support traceability and compliance with audit methodology.

Issue Tracking and Follow-Up

• Track the progress of agreed audit actions and recommendations.
• Coordinate with process owners to support timely closure of findings.
• Update action logs and escalate overdue items when needed.

Compliance and Audit Standards

• Carry out audit work in line with IIA Standards and internal audit policies.
• Help maintain high audit quality and proper documentation standards.
• Support internal and external audit review activities when required.

Continuous Improvement

• Recommend practical improvements to processes and controls.
• Support the use of data analytics and automation in audit work.
• Stay current on market practices and regulatory changes.

Education and Experience

A bachelor’s degree in Accounting, Finance, Commerce, or a closely related discipline is required. The ideal candidate should be pursuing or have partially completed a professional qualification such as CA, CIA, CMA, ACCA, CISA, or an MBA in Finance, or hold an equivalent finance/accounting credential. The role calls for 2 to 4 years of experience in internal audit, risk, or assurance, preferably gained in insurance, insurance brokerage, financial services, or a well-regarded audit firm. Exposure to audit fieldwork, control testing, documentation, and a working understanding of regulatory and compliance environments are important.

Technical Skills

Strong knowledge of internal audit concepts and frameworks, including risk-based auditing and IIA guidance, is expected. The role also requires good working knowledge of Microsoft Excel, Word, and PowerPoint, along with familiarity with data analysis methods and tools such as Power BI and basic SQL. Understanding insurance brokerage operations is an advantage, and basic knowledge of AML/CFT, compliance, and regulatory controls is preferred.

Tools and Systems

The role uses standard office tools such as the Microsoft Office suite, audit working paper systems like TeamMate, AuditBoard, Pentana, or similar platforms where applicable, and data analysis solutions such as Power BI, ACL, IDEA, or comparable tools.