A great opportunity to work in a small team of 3 for a Japanese Life insurer, that is a very stable firm with who offer a fantastic work / life balance with only 2 travel trips per year at most. Lovely offices in the heart of the CBD.
My client is looking for the following:
Develop and implement an annual audit plan, perform monitoring, propose improvement and conduct follow-up for each regional business company in light of compliance rules such as regional laws & regulations and Group’s policy, in order to achieve the objectives of regional internal audits through the internal audit unit at each business company.
Area of responsibility
- Developing the annual audit plan
- Regarding the risk recognition and control status and issues of the assigned business company, collect information from the responsible personnel and internal audit department of subsidiary company, as well as from relevant departments of the RHQ.
- Investigate each country regulatory trends in region.
- Conduct a risk assessment of subsidiaries and affiliate companies in cooperation with the internal audit department of each companies based on the collected information.
- Develop an annual audit plan and propose it to the HQ.
- Implementing the annual audit plan
- Develop auditing perspective and techniques in light of the preliminary survey.
- Hold hearings with the audited organization and other relevant organization as necessary.
- In case there is an external auditor, conduct audits in cooperation with the external auditor as necessary.
- Conduct onsite audits of the subsidiaries, etc. in the region in accordance with the audit implementation plan approved by the head of the department at the RHQ.
- Prepare working papers and assess the results based on audit implementation results.
- Prepare an audit results report under the direction of the head of the department at the RHQ.
Monitoring
- Continuously monitor the governance, risk management and control of each business company in the region in accordance with monitoring rules formulated by the HQ.
- Regularly exchange opinions with the internal audit department of said company based on monitoring results.
Reporting to the HQ (support)
- Prepare a report on the overview, issues and improvement measures of the internal audit system in the region.
- Upon the HO’s reasonable request, make a report accordingly.
- Primary internal and external contacts with whom position interacts, and purpose/nature of contact:
- Risk Management, Compliance and Financial Management & Planning departments of the RHQ (exchange of information, discussion)
- Internal audit unit of each business company in the region (exchange of information, discussion)
- Internal Audit Department of the HQ (exchange of information, reporting, discussion, planning)
Knowledge, skills & abilities
- Degree in Accountancy/ Business/ACCA or equivalent professional accounting qualification.
- At least 5 years of relevant audit experience with Big 4 accounting firm or internal audit experience with MNC preferably in insurance industry
- Knowledge and skills (general and technical)
- Comprehensive knowledge and understanding of insurance industry (operation flow and business model of life insurance companies, external environment, etc.)
- Knowledge of laws and regulations, and guidelines related to life insurance business
- Regional internal audit experience in Asia Pacific region such as Vietnam, Indonesia, Thailand, India and Australia will be an added advantage
- Other requirements (licenses, certifications, specialized training, physical or mental abilities required)
- Holding the CIA qualification
If you are interested in this role please apply below or contact me for more information.
