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Internal Auditor (Insurance Sector)

A global insurance and investment organization providing property and casualty insurance solutions to business and industry is currently looking for an Internal Auditor to join its finance team.

Job Description

  • Participate in all stages of work on various assignments within the annual Internal Audit plan. This will likely include: internal audits of European offices; Consumer focused compliance audits; thematic audits undertaken across all European carriers; European coverholder audits; project audits; and key control testing across all European companies.
  • Audit assignments will require a variety of numerical and softer skills and will either be undertaken alone or in conjunction with other members of the internal audit function.
  • Produce balanced internal audit reports to management that are factually accurate, commercially aware and recommending value adding ideas and best practice for controls improvement
  • Escalate any control issues, as these arise, to the Head of Internal Audit and management.
  • Work with members of the global internal audit team to achieve objectives defined in projects.
  • Provide advice and support to management on risk assessments and the development of Company processes, procedures and systems in London / Europe.
  • Assist with the annual internal audit planning cycle.
  •  Identify opportunities for continuous process improvement and adoption of industry best practices in terms of process execution, internal controls, ethics and compliance.
  • Ensure all agreements are processed in accordance to the company’s compliance, regulatory and legal obligations
  • Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately
  • Manage any potential conflicts of interest to avoid disrepute to the Group’s integrity
  • Advise compliance of any complaints immediately

Skills and experience

  • Holds a relevant professional qualification (CIIA, ACA,
  • ACCA, CII)
  • Good understanding of Internal Audit methodologies and standards
  • Basic understanding of P&C Insurance, Reinsurance, and Managing General Agency operations
  • Judgment and decision making
  • Analytical thinking and advanced numeric
  • Report writing and Communication
  • Team working
  • Professional presentation skills
  • Develop and maintain business relationships
  • MS Office – Excel, Word and Outlook
  • Must be fluent in English