Senior Financial Auditor

Confidential Careers; Dubai; On-site; AED 279,000 - 469,000; Full time

Job summary

Confidential Careers is seeking a Senior Financial Auditor to plan, execute, and report audits across insurance functions in the UAE. The role emphasizes deep experience in the insurance sector, UAE CBUAE regulations, internal controls, and risk management within governance frameworks.

The candidate will conduct financial, regulatory, and operational audits, review accounting practices for IFRS compliance, and present findings to senior leadership.

Qualifications

• Bachelor's Degree in Accounting, Finance, Auditing, Economics, or a related field.
• Professional qualification such as CIA, CPA, ACCA, CA, CMA, CISA, or equivalent preferred.

Responsibilities

• Plan and execute risk-based internal audits across finance, underwriting, claims, investments, reinsurance, actuarial, and operational functions.
• Conduct financial, compliance, operational, and regulatory audits in accordance with approved audit methodologies and professional standards.
• Evaluate the adequacy and effectiveness of internal controls and recommend improvements.
• Perform testing of financial transactions, accounting records, reconciliations, and regulatory reporting processes.
• Identify control weaknesses, financial risks, and process inefficiencies.
• Assess compliance with UAE Central Bank (CBUAE) insurance regulations and prudential requirements.
• Review adherence to UAE insurance governance, risk management, conduct, and solvency regulations.
• Monitor changes in CBUAE regulations and assess their impact on business operations and controls.
• Review financial statements and accounting practices to ensure compliance with IFRS and regulatory requirements.
• Assess risk identification, mitigation, and reporting mechanisms within the organization.
• Prepare detailed audit reports highlighting findings, risk ratings, root causes, and recommendations.
• Present audit findings to senior management and audit committees.
• Track and validate remediation of audit findings and management action plans.
• Build effective relationships with business units while maintaining independence and objectivity.

Skills

Auditing

Internal controls

Regulatory compliance

Risk assessment

Data analytics

Education

Bachelor's degree in Accounting/Finance/Auditing/Economics

Job description

The Senior Financial Auditor will plan, execute, and report financial and operational audits across insurance-related business functions. The role requires strong experience in the insurance sector, in-depth knowledge of UAE regulatory requirements, particularly those issued by the Central Bank of the UAE (CBUAE), and the ability to assess the effectiveness of internal controls, risk management processes, and governance frameworks.

Audit Planning & Execution

• Develop and execute risk-based internal audit plans covering finance, underwriting, claims, investments, reinsurance, actuarial, and operational functions.
• Conduct financial, compliance, operational, and regulatory audits in accordance with approved audit methodologies and professional standards.
• Evaluate the adequacy and effectiveness of internal controls and recommend improvements.
• Perform testing of financial transactions, accounting records, reconciliations, and regulatory reporting processes.
• Identify control weaknesses, financial risks, and process inefficiencies.
• Assess compliance with applicable CBUAE insurance regulations, circulars, guidelines, and prudential requirements.
• Review adherence to UAE insurance governance, risk management, conduct, and solvency regulations.
• Evaluate compliance with Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), sanctions, and financial crime requirements.
• Monitor changes in CBUAE regulations and assess their impact on business operations and controls.
• Review financial statements and accounting practices to ensure compliance with IFRS and regulatory requirements.
• Evaluate capital adequacy, solvency, reserving practices, investment controls, and financial risk management processes.
• Assess risk identification, mitigation, and reporting mechanisms within the organization.
• Prepare detailed audit reports highlighting findings, risk ratings, root causes, and recommendations.
• Present audit findings to senior management and audit committees.
• Track and validate remediation of audit findings and management action plans.
• Build effective relationships with business units while maintaining independence and objectivity.
• Support the enhancement of the Internal Audit function through data analytics, automated audit techniques, and best practices.
• Provide advisory services on control design, regulatory compliance, and governance matters.
• Mentor junior auditors and support knowledge-sharing initiatives.

Qualifications

• Bachelor's Degree in Accounting, Finance, Auditing, Economics, or a related field.
• Professional qualification such as CIA, CPA, ACCA, CA, CMA, CISA, or equivalent preferred.