Internal Auditor (prefer Insurance sector)

Job Title: Internal Auditor  

Department: Internal Audit  

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:

Education: Bachelor’s degree in accounting, Finance, Business Administration, or a related field.  

- 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.