Senior Financial Auditor

Confidential Careers; Dubai; On-site; AED 140,000 - 180,000; Full time

Job summary

Confidential Careers is seeking a Senior Financial Auditor to plan, execute, and report on financial and operational audits across insurance functions in Dubai. The role requires deep knowledge of UAE regulatory requirements, especially the Central Bank of the UAE (CBUAE), and the ability to assess internal controls, risk management, and governance frameworks.

The position involves presenting audit findings to senior management, mentoring junior auditors, and supporting enhancements through data

Qualifications

• Bachelor's degree in accounting, finance, auditing, economics or a related field.
• Professional qualification such as CIA, CPA, ACCA, CA, CMA, or CISA preferred.

Responsibilities

• Plan, execute, and report internal audits across insurance functions.
• Assess internal controls, risk management, and governance frameworks.
• Test financial transactions, accounting records, and regulatory reporting.
• Evaluate compliance with UAE CBUAE regulations and prudential requirements.
• Identify control weaknesses and recommend improvements.
• Review IFRS compliance and financial statements.
• Coordinate with management and audit committees; present findings.
• Mentor junior auditors and support knowledge-sharing.
• Track remediation and verify closure of audit findings.
• Utilize data analytics and automated audit techniques.

Education

Bachelor's Degree in Accounting, Finance, Auditing, Economics, or a related field

CIA, CPA, ACCA, CA, CMA, CISA or equivalent professional qualification

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.