Internal Auditor (prefer insurance sector)

Reporting To: Head of Audit Committee

Key Responsibilities:

• Develop and execute risk-based internal audit plans focused on key areas such as underwriting, claims management, reinsurance, investments, and operational processes.
• Identify areas of potential risk, inefficiencies, and weaknesses in internal controls.
• Evaluate the efficiency and effectiveness of operational workflows, including claims processing, policy issuance, and renewal procedures.
• Monitor and test the effectiveness of internal controls and recommend improvements.
• Ensure adherence to regulations issued by the MAS, including the Insurance Act, risk management guidelines, and anti-money laundering requirements
• Conduct audits of IT systems to ensure data security, operational continuity, and compliance with cybersecurity frameworks.
• Prepare detailed audit reports with findings, implications, and actionable recommendations for management and the Audit Committee.
• Follow up on the implementation of agreed-upon corrective actions.
• Provide guidance on best practices and internal controls to improve overall governance.
• Propose innovative approaches to improve the audit process and company-wide compliance.

Qualifications & Skills:

• Certifications: CPA, ACCA, CIA, or equivalent.
• Experience:
• 7-10 years of experience in internal audit, preferably in insurance sector
• Familiarity with non-life insurance products and operations.
• Strong analytical, problem-solving, and communication skills.
• Knowledge of MAS regulations, IFRS 17, and cybersecurity practices.

Key Competencies:

• Attention to detail and a commitment to accuracy.
• Ability to work independently and as part of a team.
• High ethical standards and professionalism.
• Adaptability to a dynamic regulatory and business environment.