• Application Deadline: Fri, 29 Mar 2024 00:00:00 GMT
• Position: Unit Head, Internal Audit


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 - 7 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Job Responsibilities

• Execute financial, operational or compliance audits using a risk-based internal audit program


• 100% execution of approved annual audit plan. Ensure full compliance with regulatory requirement and avoid regulatory penalties


• Perform preliminary planning and establishes direction for audits, coordination of team members, manage audit exercises to quality outcomes, while meeting established time budget.


• Perform audit work, including planning, working papers documentation, finding, and associated reports; verifies the accuracy of financial records as they pertain to clients’ premium and Company’s assets, liabilities, receipts, expenditures, and related transactions.


• Verifications of claims processes to ensure accuracy, adherence to policies, and regulatory compliance. Identify discrepancies, potential fraud, and opportunities for process improvement.


• Conduct audits and verifications of technical bills, including premium calculations, claim settlements, and related financial transactions. Ensure accuracy, adherence to policies, and compliance with regulatory guidelines.


• Identify control weaknesses and provide recommendations for improvement.


• Prepare monthly inflow and outflow reports for the Managing Director/CEO


• Compile financial data, analyze trends, and provide insights on financial performance, ensure accuracy, completeness, and timely submission of the reports.


• Collaborate with the Reinsurance department to ensure proper documentation and adherence to treaty terms and access compliance with contractual agreements and regulatory requirements


• Effectively prepare summaries of findings, audit reports and communicate audit findings and recommendations to appropriate auditee levels.

Requirements

• First Degree (or its equivalent) in disciplines such as Accounting, Banking & Finance, or a related discipline with a minimum of 5 - 7 years of relevant experience in Insurance.


• Familiarity with regulatory bodies such as NIA, SEC, CBN, PenCom, FRCN, and Tax Authorities.


• Possession of a relevant Professional Certification (CIA, ACA, ACCA, CISA) is required.