Job Description

JOB DESCRIPTION

POSITION NAME

Assistant Manager/ Manager - Internal Audit Department

DESIGNATION

Assistant Manager/ Manager

POSITION GRADE

L2/L3

DEPARTMENT

Internal Audit Department

SUB DEPARTMENT

Internal Audit

REPORTING POSITION

L4/L5

DOTTED LINE REPORTING TO

-

NO. OF POSITIONS REPORTING IN

-

MANAGEMENT LEVEL

-

OBJECTIVE OF THE ROLE

The role will be responsible for conducting Internal audits which includes Financial Audit, Process Audit, Compliance Audit, Vendor Audit and Process design to provide management with assurance that necessary controls are in place to mitigate risks.

KEY RESPONSIBILITIES

Internal Audit:

Conducting thematic audits as per the defined audit plan covering financial, compliance, reputational and operational impact areas

Defining scope for audits allotted & ensure approach of audit is properly laid down and logistics appropriately planned

Conducting detailed process and system walkthrough and field work to identify critical gap areas

Use of data analytics & audit tool for driving completeness checks

Timely discussion of audit queries with the auditee departments and preparation of audit reports

To ensure all audit observations are mapped to process design or control execution improvements needed and tracked till end closure

Co-ordination with co-sourced internal auditors and business teams to facilitate timely conduct and closure of reports

Preparation and presentation of audit reports to Tier-I and Audit Committee

Review of scheme and incentive payments to ensure correct payouts

Review of various IRDAI/ statutory returns before filing

INTERACTIONS

Internal Relations:

Interacting with multiple internal stakeholders in the Company

External Relations:

Co-sourced auditors and vendors

REQUIRED QUALIFICATION AND SKILLS

Educational Qualifications:

Bcom or any other qualification

Work Experience:

Experience in Internal Audit

Experience in Process

Experience of Working in Policy Servicing, New Business Department

Certifications: NA

Other skill set:

Excellent T-SQL, VB and advanced Excel skills to manipulate data, write macro's, etc.

Ability to relate to business processes, system set-ups and carry out independent gap assessment

Strong Analytical and problem solving aptitude

Excellent communication skills - both verbal and written;

Strong Interpersonal Skills required to connect with people

COMPETENCIES

Planning and Organizing

1. Identifies requirements and uses available resources to meet own work objectives in optimal fashion.

2. Completes tasks in accordance with plans.

3. Monitors the attainments of own work objectives and/or quality of the work completed.

4. Sets priorities for tasks in order of importance.

Problem Solving

1. Identifies and Breaks problems into simple lists of tasks or activities, without assigning values.

2. Makes a list of items with no particular order or set of priorities.

3. Takes routine day-to-day decisions without delay.

4. May delegate authority for routine decision-making to free self -up for more important work.

Achievement of Results

1. Sets goals and works to meet established expectations; maintains performance levels.

2. Pursues organizational objectives with energy and persistence. Sets high personal standards for performance.

3. Adapts working methods in order to achieve objectives.

4. Accepts ownership of and responsibility for own work.

5. Takes the initiative to resolve routine problems and understands when issues should be escalated.