We at Bharti Axa Life Insurance are looking for candidates interested in joining our Internal Audit team.
Internal Assurance Manager
Main Purpose of Job:
This critical role is responsible for developing and executing a risk-based assurance program to provide independent and objective evaluations of the effectiveness of internal controls, operational frameworks, and governance processes, in the life insurance environment. The successful candidate will drive process improvement, engage with functions for the Audits and ensure robust compliance of defined processes across all business functions.
Job Responsibilities:
- Support the audit team in timely completion and execution of the audit plan by engaging with the business functions and the audit team.
- Monitor the implementation of corrective actions and follow up on audit recommendations.
- Develop and execute a risk-based internal assurance plan to evaluate the effectiveness of internal controls, risk management processes, and operational efficiency across the organization.
- Conduct independent reviews and audits of various departments and processes, identifying areas for improvement and recommending corrective actions.
- Perform specialized reviews of core life insurance functions, including claims processing, underwriting, policy servicing, and distribution channels.
- Assess the adequacy and effectiveness of internal control systems to mitigate financial, operational and compliance risks.
- Evaluate the company's compliance with internal policies and procedures.
- Prepare detailed, high-quality audit reports that clearly articulate findings, control gaps, risk implications, and actionable recommendations.
- Assess operational efficiency and identify areas for cost optimization.
- Conduct system audits to ensure data integrity and security.
- Build and maintain strong relationships with key stakeholders, including senior management and auditors.
Qualifications:
- Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
- Certifications including CA, CIA, CISA, ERM, etc will be preferred
Experience:
- Minimum 5 years experience in Internal Audit, Assurance, Risk Management, or Internal Controls, preferably within the Financial Services or Life Insurance sector.
- Strong understanding of internalcontrol frameworks (e.g., COSO) and risk management principles.
- In-depth knowledge of the Companies Act and other relevant corporate governance regulations.
- Deep understanding of core insurance processes (Underwriting, Claims, Policy Administration, etc.), distribution channels and related regulatory environments.
