Team Member - Internal Audit

About the Business and Role

Aditya Birla Health Insurance Company Ltd (ABHI), operating under Aditya Birla Capital, is a significant player in the financial services sector based in Thane, Maharashtra. The Internal Audit team within this company comprises both on-roll and off-roll members, with this role designated as Functional & Offsite Auditor reporting to the Vertical Head - Functional Audits and Team Lead – Offsite Audit. This position was last updated in February 2026.

Job Purpose

The role exists to deliver high-quality audits across multiple functions, ensuring regulatory compliance and operational integrity, while managing audit partners and supporting ongoing and new Continuous Controls Monitoring (CCM) initiatives.

Organizational Scope and Scale

• The broader business workforce includes over 7,000 on-roll and 4,000 part-time employees.
• The internal audit function consists of 7 on-roll and 2 off-roll members.
• The unit has a total of 7 on-roll and 2 part-time employees focused on internal audit.
• This role supports delivery of approximately 10 quality audits, manages 2 audit partners, and coordinates approximately 200 new CCMs and 300 existing CCMs with auditors and auditees annually.

Industry and Company Context

The Indian health insurance industry, marked by rapid growth propelled by increasing healthcare costs and regulatory emphasis, is evolving towards wellness-focused models that integrate digital innovations such as AI and data analytics. ABHI has made significant strides through a "Health First" approach combining insurance with wellness engagement, extensive distribution channels, and partnerships across 5,000+ cities covering over 22 million lives.

Challenges in the Role

• Managing diverse subject matter areas including Finance, HR, Compliance, Legal, and Operations, requiring quick assimilation and customization of audit procedures.
• Ensuring audit evidence meets stringent regulatory standards, especially related to IRDAI compliance and external audits.
• Addressing risks that span multiple functions and changing policies with agility in audit test design.
• Driving consensus on remediation actions with senior leaders without authoritative power.
• Maintaining data quality and timely access for continuous auditing and analytics development.
• Developing and managing effective automated controls (CCMs), balancing alert volumes and accuracy.
• Integrating offsite audits with traditional audits to provide comprehensive risk coverage.
• Keeping audit tools and scripts up to date to reflect evolving products and processes.

Key Responsibilities

• Conduct detailed risk assessments and plan audits focusing on key risks and controls aligned with regulatory mandates and historical data.
• Perform thorough fieldwork including document reviews, sample testing, and data analyses to verify the effectiveness of financial, compliance, and operational controls.
• Design, develop, test, and automate CCMs leveraging historical data to optimize detection and reduce false positives.
• Manage execution of offsite audit programs with regular testing cycles, exception analysis, and rapid investigation of anomalies.
• Identify root causes and provide clear, structured observations with severity gradings and actionable recommendations.
• Communicate findings effectively to stakeholders and support audit leadership in report finalizations and management responses.
• Coordinate remediation planning, track issue closures, and reinspect fixes for effectiveness, escalating critical overdue issues.
• Collaborate with IT Audit and CCM teams for improved data-driven audit methodologies and continuous process enhancements.
• Adopt and integrate new analytic and automation technologies to enhance control monitoring capabilities, including AI management support.

Relationships

• Maintain regular functional interactions with internal teams such as Vertical Head of Functional Audits, Team Lead Offsite Audit, Heads of Finance, HR, Legal, Compliance, Operations, Risk & Compliance, and IT departments.
• Engage externally with specialized auditors, consultants, and CCM tool vendors as needed.

Additional Information

• Designation: Functional & Offsite Auditor.
• Reporting: Vertical Head - Functional Audits and Team Lead – Offsite Audit.
• Date of JD update: February 2026.
• Part-time position based onsite in Thane, Maharashtra.