Senior Manager - Internal Audit

Magma Hdi General Insurance; Navi Mumbai; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Magma HDI General Insurance in Navi Mumbai is seeking an experienced Internal Auditor to strengthen risk management across General Insurance operations. You will lead diverse audits, assess risk exposure, and work with management to implement corrective actions.

The role emphasizes audit planning, execution, and rigorous follow-up to ensure regulatory compliance and continuous process improvements within our organization.

Qualifications

• 4–8 years of experience in Internal Audit (General Insurance).
• Experience in conducting branch, product, process, statutory, and risk-based audits.
• Strong skills in audit planning, execution, reporting, and follow-up on action plans.

Responsibilities

• Conduct internal audits across General Insurance, Product Audit, Process Audit, Branch Audit, Statutory Audit, and Risk Based Audits.
• Analyze financial data and other relevant information to assess risk exposure and provide recommendations for mitigation strategies.
• Collaborate with management teams to resolve audit findings and implement corrective actions.
• Ensure compliance with regulatory requirements and industry standards throughout the auditing process.
• Develop and implement effective audit plans to identify areas of improvement in business processes and operations.

Skills

Internal audit

Audit planning

Audit reporting

Risk assessment

Regulatory compliance

Job description

Roles and Responsibilities

• Conduct internal audits across various departments, including General Insurance, Product Audit, Process Audit, Branch Audit, Statutory Audit, and Risk Based Audits.
• Analyze financial data and other relevant information to assess risk exposure and provide recommendations for mitigation strategies.
• Collaborate with management teams to resolve audit findings and implement corrective actions.
• Ensure compliance with regulatory requirements and industry standards throughout the auditing process.
• Develop and implement effective audit plans to identify areas of improvement in business processes and operations.

Desired Candidate Profile

• 4-8 years of experience in Internal Audit or related field (General Insurance).
• Proficiency in conducting branch audits, product audits, process audits, statutory audits, and risk-based audits.
• Strong understanding of audit planning, execution, reporting, and follow-up on action plans.