Audit Specialist

Great Eastern Life; Kuala Lumpur; On-site; MYR 40,000 - 80,000; Full time

Job summary

An established industry player is seeking an Audit Specialist to enhance their internal audit processes. In this role, you will plan and execute audits, evaluate business processes, and provide actionable insights to improve risk management. The ideal candidate will have a degree in Accountancy or Finance and at least three years of relevant experience in the insurance or banking sectors. This position offers a collaborative environment where your analytical skills and proactive approach will be valued, making a significant impact on the company's compliance and operational efficiency.

Qualifications

• Minimum 3 years of experience in External or Internal Audit in Insurance or Banking.
• Strong analytical and communication skills required.

Responsibilities

• Plan and execute audits, develop planning documents, and evaluate processes.
• Draft audit reports, provide recommendations, and follow up on action plans.

Skills

Analytical Skills

Communication Skills

Teamwork

Initiative

Education

Degree in Accountancy or Finance

Tools

Data Analytics Software

Audit Management System

MS Office

Job description

Job Description - Audit Specialist (250000AR)

Job Number:

250000AR

The Role:

• Understand the Internal Audit methodology prescribed in the Group Internal Audit manual and apply it under moderate guidance.
• Plan and execute audit field work by developing and completing planning documents such as Audit Planning Checklist and Memorandum (APCM), Resource Allocation Plan (RAP), and Risk Control Matrix (RCM) within the planned scope and time frame.
• Perform general control reviews and evaluate the business units’ processes.
• Plan the specific audits by:
• Identifying objectives, risks, and controls;
• Identifying process design gaps, improvement opportunities, and any instances of over-control during walkthrough of business units’ processes;
• Assigning and supervising team members’ work and monitoring their progress;
• Reviewing team members’ working papers, audit findings, and documentation in the audit system;
• Performing audit tests to identify operating effectiveness issues;
• Identifying and understanding the root cause of problems or issues and providing recommendations for improvement;
• Responsible for drafting audit observations and audit reports to specified standards with minimal editorial changes, which provide clear and sufficient evidence to support recommendations and audit opinion;
• Providing an opinion on the overall effectiveness of risk management and control of the audited area(s);
• Performing follow-up on the implementation of agreed action plans;
• Collaborating with the team through idea generation and supporting other team members, and reviewing with a positive attitude;
• Communicating resource needs to Reviewer or CIA on a timely basis; utilising resources to best effect with guidance from Reviewer or CIA;
• Developing extensive informal networks and maintaining good working relationships with staff members at all levels of the organisation;
• Using data analytics software and audit management system effectively;
• Participating in training and coaching of team members;
• Taking accountability in considering business and regulatory compliance risks and taking appropriate steps to mitigate the risks;
• Maintaining awareness of industry trends on regulatory compliance, emerging threats, and technologies in order to understand the risk and better safeguard the company;
• Highlighting any potential concerns/risks and proactively sharing best risk management practices;
• Other responsibilities entailed.

The Person:

• Possess a Degree or professional qualification in Accountancy or Finance.
• Has a minimum of 3 years of relevant working experience, preferably in External Audit or Internal Audit in the Insurance or Banking industry.
• Strong analytical and communication skills.
• Proficient in MS Office.
• High level of integrity, takes accountability for work, and a good attitude towards teamwork.
• Takes initiative to improve the current state of things and is adaptable to embrace new changes.