Head of Audit - Insurance

Faithful Executive - Leader in Interim Management, Consulting & Executive Search; Jeddah; On-site; SAR 300,000 - 450,000; Full time

Job summary

A leading consulting firm is seeking an experienced Head of Internal Audit based in Jeddah, KSA. The role involves overseeing the internal audit department, ensuring effective governance and risk management, and providing assurance to the Audit Committee. Candidates should have 10–15 years of audit experience, relevant certifications, and strong leadership skills. Apply to drive excellence within a leading insurance organization.

Qualifications

• 10–15 years of relevant audit experience, with at least 5 years in a senior leadership role.
• Professional certifications such as CIA, CPA, ACCA, CISA, or equivalent.
• Strong understanding of SAMA regulations and internal control systems.

Responsibilities

• Lead and oversee the internal audit department.
• Develop a comprehensive, risk-based internal audit plan.
• Provide assurance on the adequacy of internal controls.

Skills

Leadership

Risk management

Communication

Analytical thinking

Integrity

Education

Bachelor’s degree in Accounting or Finance

Master’s degree or MBA

Job description

At Faithful Executive, we pride ourselves on connecting exceptional talent with outstanding opportunities across the Middle East. Our commitment to excellence and trust makes us a key partner for both clients and candidates.

We are currently recruiting on behalf of one of our partners based in Jeddah, KSA, a leading player in the insurance sector. As part of their continued organizational development and commitment to strong governance, they are seeking an experienced audit leader to head their internal audit function through the following role:

Position: Head of Internal Audit

Location: Jeddah, KSA

Key Responsibilities

• Lead and oversee the company’s internal audit department, ensuring effective governance, risk management, and control frameworks.
• Develop and execute a comprehensive, risk-based internal audit plan in alignment with regulatory requirements (SAMA) and corporate strategy.
• Provide independent assurance to the Audit Committee and senior management on the adequacy and effectiveness of internal controls and business processes.
• Manage, mentor, and develop the internal audit team to deliver high-quality, value-added audit engagements.
• Review financial, operational, compliance, and IT processes to identify risks, control weaknesses, and improvement opportunities.
• Coordinate with external auditors, regulators, and other assurance providers to ensure audit efficiency and compliance with industry standards.
• Report findings and recommendations to executive management and the Audit Committee, driving timely implementation of corrective actions.
• Stay up to date with emerging risks, regulatory changes, and best practices in the insurance and financial services industries.
• Foster a culture of integrity, transparency, and accountability across all business units.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related discipline (Master’s degree or MBA preferred).
• Professional certifications such as CIA, CPA, ACCA, CISA, or equivalent are required.
• Minimum 10–15 years of relevant audit experience, with at least 5 years in a senior leadership role within the insurance or financial services industry.
• Strong understanding of SAMA regulations, risk management frameworks, and internal control systems.
• Proven experience in leading cross-functional audit teams and engaging with Board Audit Committees.
• Excellent communication and interpersonal skills, with the ability to influence senior stakeholders.
• High integrity, analytical mindset, and strategic thinking capabilities.
• Fluent in English (Arabic is a plus).

Interested?

If you are a strategic audit leader looking to drive excellence and governance within a leading insurance organization in Saudi Arabia, please send your CV to [e-mail].

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