Senior Manager - Internal Audit

Magma Hdi General Insurance; Navi Mumbai, Mumbai; On-site; INR 1,200,000 - 2,100,000; Full time

Job summary

Magma HDI General Insurance in Navi Mumbai is seeking an experienced Internal Audit professional to strengthen risk-based audit coverage across general insurance, product, process, and branch audits.

The candidate will analyze financial data to assess risk exposure, collaborate with management to resolve audit findings, and implement corrective actions while ensuring compliance with regulatory standards and industry guidelines.

Qualifications

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

Responsibilities

• Conduct internal audits across General Insurance, Product Audit, Process Audit, Branch Audit, Statutory Audit and Risk Based Audits.
• Analyze financial data to assess risk exposure and provide mitigation recommendations.
• Collaborate with management to resolve audit findings and implement corrective actions.
• Ensure regulatory compliance and industry standards throughout auditing processes.
• Develop and implement audit plans to identify improvements in business processes.

Skills

Internal Audit

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.