Senior Team Member - Support Function Audit

About The Organization

Star Union Dai-ichi Life Insurance (SUD Life) is a joint venture formed in 2007 between two major Indian PSU banks - Bank of India and Union Bank of India - and Japan's Dai-ichi Life Holdings.

We have served over 15 million customers through more than 19,500 bank branches across India. Our network includes 1,950 rural bank branches, ensuring insurance reaches remote areas.

SUD Life focuses on creating insurance products that meet different customer needs across all segments of society. With our promoters 100+ years of commitment and combined strengths, we aim to become a leading name in India's life insurance sector while delivering value to all stakeholders.

Established in 1902, Dai-ichi Life is the second largest life insurance company of Japan and is one of the top ten life insurers globally, renowned for sound product knowledge, superior asset management skills, and strong operational capabilities to manage life insurance businesses.

At SUD Life, our customers are our priority. We are committed to providing insurance products that serve our customers unique needs across various strata of society and geographies.

The promoters of SUD Life have a long-term commitment towards their customers and stakeholder. These strengths and values have been inherited by SUD Life, as we make our way to becoming the next rising star in the Indian life insurance business, promising exceptional value to all.

To Know More About Us Please Visit

Our Website: https://www.sudlife.in/

Our LinkedIn Page: https://www.linkedin.com/company/13201422

Our Talent Philosophy

At Star Union Dai-ichi Life Insurance, we will ensure to nurture our people and provide opportunities to learn, succeed and build careers to the best of their abilities, thus creating and unlocking value for self, the organization, and the society at large.

Job Summary

Assistant Manager in SUD Life's Internal Audit department will be responsible for planning, executing, and reporting on internal Audits.

The role involves identifying risks, recommending improvements, and supporting management in strengthening internal controls.

Key Functional Responsibilities

• The Assistant Manager Position will be required to execute the approved Audit Plan.
• Perform process walkthroughs, control testing, data analysis, and reviews.
• Evaluate adequacy and effectiveness of internal controls across functions.
• Prepare detailed audit workpapers and supporting documentation.
• Responsible for verification of sales incentive results, query resolution in co-ordination with various stakeholders, identification of revenue leakage and assisting management to address loopholes in incentive structure
• He/she will be required to conduct risk assessment analysis, data analysis, control assessment, process automations, process evaluations and continuous auditing.
• He/she must be able to work with management to assist in identifying opportunities to enhance efficiencies and effectiveness of internal controls, operational, financial and compliance processes.
• He/she shall also be responsible for conducting audits.
• Ensure timely completion of audits and quality standards.
• He/ She will be responsible for planning, implementing and monitoring of following audit.
• Vendor Audits
• Process reviews
• Concurrent audits of transaction
• Internal Financial Controls testing
• Monthly & Quarterly reporting and Co-ordination with Chief internal auditor, AVPs and HODs.
• Implementation of International Standard of Internal Auditing including Quality Assessment
  
  

Key Responsibilities

• Identification of key controls and oversee the development and completion of audit testing to determine the adequacy of identified controls.
• Completion of Audit plan as per defined timelines with requisite audit work paper documentation.
• Ability to co-ordinate, interact with various stakeholder for external/management audit if any.
  
  

Qualification Required

• Chartered Accountant
• MBA Finance / CMA/ CA Inter having at least 4 years of Internal audit experience. qualification.
• Certification such as CIA, CISA, or Risk Management qualifications will be an added advantage