Audit Associate

Great Eastern Life; Kuala Lumpur; On-site; MYR 40,000 - 60,000; Full time

Job summary

A leading company in the insurance industry is seeking an Audit Associate to join their team in Kuala Lumpur. The role involves performing audits, collaborating with team members, and recommending improvements to internal controls. Ideal candidates will have a degree in Accountancy or equivalent qualifications, with at least 2 years of relevant experience. Strong technical and generic skills are essential for success in this role.

Qualifications

• At least 2 years of relevant work experience.
• Knowledge in auditing, risk management, and governance.

Responsibilities

• Assist in audit planning activities and execute audit fieldwork.
• Identify objectives, risks, and controls during audits.
• Communicate resource needs timely to the Team Lead.

Skills

auditor independence

business acumen

process analysis

data collection

risk assessment

internal audit execution

planning

internal controls

Education

Degree in Accountancy

CPA

ACCA

CFA

CIA

CISA

Job description

Job Description - Audit Associate (250000PD)

Job Number:

250000PD

About the Job

The Audit Associate performs audits as a team member under the supervision of the Team Lead and Reviewer. They recommend corrective actions based on best practices to improve the internal controls and operational effectiveness of GELM, GEGM, and GETB.

The Job

1. Understand the Internal Audit methodology prescribed in the Group Internal Audit manual and apply it under supervision.
2. Assist the Team Lead in audit planning activities and execute audit fieldwork based on the Risk & Control Matrix (RCM), documenting the work within the planned scope and timeframe.
3. Execute audits by:
   1. Identifying objectives, risks, and controls;
   2. Identifying process design gaps, improvement opportunities, and instances of over-control during walkthroughs;
   3. Performing audit tests to identify operational effectiveness issues;
   4. Identifying root causes and providing recommendations for improvement;
   5. Assisting in drafting audit observations according to standards;
   6. Following up on the implementation of action plans;
   7. Collaborating with team members and supporting the team with a positive attitude.
4. Communicate resource needs timely to the Team Lead or Reviewer.
5. Establish good working relationships across all organizational levels.
6. Use data analytics software and audit management systems effectively.
7. Consider business and regulatory compliance risks and take appropriate mitigation steps.
8. Stay informed about industry trends, regulatory changes, emerging threats, and technologies to understand risks and safeguard the company.
9. Highlight potential concerns/risks and share best practices proactively.
10. Perform other duties as assigned by the CIA.

Candidate Requirements

• Degree in Accountancy, Finance, or equivalent professional qualifications such as CPA, ACCA, CFA, CIA, or CISA.
• At least 2 years of relevant work experience.
• Knowledge in auditing, risk management, and governance.
• Competencies:
  • Technical skills: auditor independence, business acumen, process analysis, data collection, risk assessment, internal audit execution and planning, internal controls.
  • Generic skills: accountability, customer orientation, decision-making, team development, self-development, exploring possibilities.
• High integrity, accountability, and a positive attitude towards teamwork.
• Proactive in improving current processes and adaptable to change.

Success Factors

• Champion and embody our Core Values daily.
• Demonstrate integrity and accountability.
• Initiate improvements and embrace change.
• Manage business and regulatory risks effectively.
• Stay updated on industry trends and emerging risks to proactively safeguard the company.

About Us

Founded in 1908, Great Eastern is a market leader and trusted brand in Singapore and Malaysia, with over S$100 billion in assets and more than 16 million policyholders. We operate through multiple distribution channels including agency, bancassurance, and financial advisory. Our subsidiaries and affiliates include Lion Global Investors Limited and OCBC Bank, among others.

We do not accept unsolicited resumes from recruitment agencies. Please do not send resumes via email or directly to employees. We are not responsible for fees related to unsolicited resumes.