PHI - Lead- Internal Audit

Prudential Health India; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Globally integrated culture

Career development opportunities

Collaborative work culture

Job summary

Prudential Health India is seeking a Lead – Internal Audit in Mumbai. The successful candidate will develop and implement an internal audit strategy, conduct risk-based audits, and ensure compliance with regulations. Candidates should have a CA or ICWA qualification and 8-12 years of experience in finance/auditing within the health insurance industry. Skills in data analytics and team leadership are essential. The role offers career development opportunities and a collaborative work culture.

Qualifications

• 8-12 years of experience in finance and accounting/auditing within the health insurance industry.
• Strong knowledge of internal audit standards and IRDAI regulations.
• Familiarity with governance frameworks.

Responsibilities

• Develop and implement a comprehensive internal audit strategy aligned with business objectives.
• Conduct risk-based audits to assess adequacy of controls.
• Prepare audit reports for senior leadership and track remediation.

Skills

Attention to detail

Analytical skills

Problem-solving

Communication

Stakeholder management

Team leadership

Education

CA/ICWA qualification

Tools

Audit tools

Data analytics

Job description

Lead – Internal Audit

Reporting to CFO. Location: Mumbai.

Key Responsibilities

• Develop and implement a comprehensive internal audit strategy and annual audit plan aligned with business objectives and regulatory requirements
• Conduct risk-based audits across financial, operational, IT, and compliance areas to assess adequacy of controls and identify improvement opportunities
• Ensure compliance with IRDAI guidelines, internal policies, and applicable laws and regulations
• Prepare and present audit reports to the Audit Committee and senior leadership with clear findings, recommendations, and action plans
• Monitor implementation of audit recommendations and track remediation progress
• Collaborate with external auditors, regulators, and internal stakeholders to ensure audit readiness and transparency
• Lead investigations into fraud, misconduct, or control breaches and support disciplinary or legal actions as needed
• Maintain documentation and audit trails in accordance with professional standards
• Build and manage a high‑performing internal audit team with strong technical and ethical capabilities
• Stay updated on emerging risks, regulatory changes, and best practices in internal audit and risk management

Qualification & Experience

• CA/ICWA qualification with expertise in Indian GAAP, IFRS, and IRDA frameworks.
• 8‑12 years of experience in finance and accounting / auditing within the health insurance industry.
• Strong knowledge of internal audit standards, IRDAI regulations, and insurance operations
• Familiarity with audit tools, data analytics, and governance frameworks

Skills

• High attention to detail and accuracy
• Strong analytical and problem‑solving skills
• Excellent communication and stakeholder management abilities
• Ability to lead teams and manage multiple priorities under tight deadlines

What We Offer

• Globally integrated culture
• Career development opportunities for professional growth and development including training and mentorship programs
• Collaborative and mission‑driven work culture

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part‑time / fixed‑term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third‑party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.