Job Description

:
A Position Overview
Position Title
Branch Auditor
Department
Internal Audit
Level/ Band
251/301 - Senior Executive/Assistant Manager
Role Summary:We are seeking an experienced Branch Auditor to join our Internal Audit team. The jobholder will be responsible for conducting branch audits across 100+ branches PAN India (Offline (60%) and Online (40%)), ensuring compliance with internal policies, regulatory requirements, and operational efficiency. In addition to branch audits, the role involves assisting in process audits and contributing to risk management initiatives.
B Organizational Relationships
Reports To
AVP/SM 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
BCOM, MBA
Experience
Minimum 2-5 years in branch audits, preferably in life insurance or financial services.
D Key Result Areas
Branch Audits:
Plan and execute audits for branches across India (approx. 60% travel).
Perform risk-based audits covering operational, financial, and compliance aspects.
Identify control gaps, process inefficiencies, and recommend corrective actions.
Review previous audit reports, if any, to check clearance of key issues
Prepare preliminary risk assessment matrix (RAM), identifying key risks and controls/checklist in the audit area.
Virtual Audits:
Comfortable with virtual audit methodologies and remote collaboration tools.
Conduct remote audits for branches (approx. 40% of total audits).
Utilize digital tools and data analytics for effective virtual audit execution.
Process Audits & Support:
Assist in audits of key business processes
Collaborate with cross-functional teams to strengthen internal controls.
Perform specialized auditing of a broad range of operational, financial and compliance functions as set out in the annual audit plan.
Reporting & Follow-up:
Prepare audit programs and detailed audit work papers incorporating test schedules, observations, and audit conclusions.
Prepare detailed audit reports highlighting findings, risks, and recommendations.
Track implementation of corrective actions and report progress to management.
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;
Comply with Quality Assurance checklists to ensure that working papers are complete and serve as a stand-alone reference to support audit findings.
Submit report to audit engagement manager for review
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.
Competencies:
HR to include latest table applicable for Senior Executive/Assistant Manager
Skills Required
Technical
Good knowledge of internal audit concepts and methodology.
Good knowledge / experience of operational, financial and compliance audit
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

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