Internal Auditor

Key Responsibilities:

• Audit Planning & Execution: Develop and execute audit plans specifically focused on underwriting processes, including risk assessment, policy adherence, and operational controls. • Process Evaluation: Review underwriting workflows, decision-making protocols, documentation, and system usage to identify gaps, inefficiencies, and control weaknesses. • Compliance Checks: Ensure underwriting activities comply with internal policies, regulatory requirements, and industry standards. • Risk Assessment: Evaluate risks related to underwriting exposures, pricing accuracy, fraud detection, and claim liabilities. • Data Analysis: Analyze underwriting data, reports, and financial metrics to detect anomalies, trends, and areas of potential risk. • Reporting: Prepare clear, concise audit reports highlighting findings, risks, and recommendations for process improvements. • Follow-up: Monitor management responses and implementation of audit recommendations related to underwriting. • Stakeholder Collaboration: Liaise with underwriting, claims, risk management, compliance, and IT teams to facilitate audits and improve processes. • Continuous Improvement: Suggest enhancements to internal controls, risk frameworks, and underwriting policies to strengthen operational integrity. Qualifications: • Bachelors degree in Accounting, Finance, Insurance, Business Administration, or related field. • Professional certifications preferred (e.g., CIA, CPA, CISA, or relevant insurance certifications). • Minimum 3-5 years experience in internal audit, preferably within insurance underwriting or related financial services. • Strong understanding of underwriting principles, insurance products, and regulatory environment. • Proficient in audit software and MS Office applications, especially Excel and data analytics tools. • Excellent analytical, problem-solving, and communication skills. • Detail-oriented with a strong ethical foundation. Skills & Competencies: • In-depth knowledge of underwriting risk management and insurance principles. • Ability to analyze complex processes and controls objectively. • Strong report writing and presentation skills. • Ability to work independently and collaboratively in a dynamic environment. • Good interpersonal skills for effective stakeholder engagement.