Job Description

:
A Position Overview
Position Title
Assistant Manager
Department
Internal Audit
Level/ Band
301 Assistant Manager/ Manager
Role Summary:The jobholder will assist the Internal Audit (IA) department in executing the strategy pertaining to operational, financial, compliance audits.The jobholder will ensure successful completion of assigned audit engagements, from start to finish, inclusive of preplanning and wrap up activities. Communicate identified issues to ensure any potential concerns are addressed in a timely and effective manner.
B Organizational Relationships
Reports To
AVP Internal Audit
Supervises
Individual contributor
C Job Dimensions
Geographic Area Covered
Pan - India. All Departments
Stakeholders Internal
Head of Audit
Senior Management / All Departments - management categories
External
NA
Education
Chartered Accountant
Experience
2 to 5 years in Internal Audit only
D Key Result Areas
Perform specialized auditing of a broad range of operational, financial and compliance functions as set out in the annual audit plan;
Review the area to be audited and understand the scope of the audit
Review previous audit reports, if any, to check clearance of key issues
Prepare preliminary risk assessment matrix (RAM), identifying key risks and controls in the audit area
Prepare audit programs and detailed audit work papers incorporating test schedules, observations, and audit conclusions;
Complete work paper documentation in audit software - Teammate (TM) and ensure all work papers contain sufficient supporting documentation and have been properly referenced on Team Mate;
Perform walk through along with the process owners and prepare process flowcharts
Test the existing controls in place, conclude on the adequacy, effectiveness and efficiency of key controls tested and recommend action plan to address the risks where controls are weak;
Perform compliance and substantive testing as per audit program
Draft audit issues / reports as per GIA's audit methodology
Comply with Quality Assurance checklists to ensure that working papers are complete and serve as a stand-alone reference to support audit findings;
Assist in special jobs/ fraud investigation reviews whenever needed.
Discuss audit issues with operational management and ensure factual accuracy of the issues
Submit report to audit engagement manager for review
Input final audit report into TM, before formal issuance
Participate in risk mitigation plans, contingency planning, business continuity programs by executing and reporting within defined timelines. Highlight and recommend process gaps, flaws and process changes.
MUST HAVE - Excellent skills in Microsoft EXCEL and good aptitude to adopt new system.
Skills Required
Technical
Good knowledge of internal audit concepts and methodology.
Good knowledge / experience of operational, financial and compliance audit
Python/ACL or other analytical tool knowledge would be an added advantage
Excellent knowledge of MS Excel and good control over keyboard command while using Excel
Proficiency in use of computers, including MS Word and PowerPoint.
Strong written and oral communication skills
Behavioral
Professional Skepticism, high energy level and initiative, team player
Essential
Desired
Interpersonal skills

Communication skills

Creative thinking skills

Supervising/Leadership skills

Teamwork Skills

Influencing skills

Relationship Building skills

Decision making skills

Experience
2-5 years
6-7 Years
About Company:
Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata's pre-eminent leadership position in India and AIA's presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life has written retail new business weighted premium of Rs. 2,692 crore for the financial year 2019-20. For the same period, the 13th month persistency of the company was at 89.10% and, the individual death claims settlement ratio was 99.06%. One of the fastest growing companies in the Life Insurance sector, Tata AIA Life is now ranked at no. 5, based on individual weighted new business premium.

Skills Required