Manager, Internal Audit

Income Insurance Limited; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Income Insurance Limited in Singapore is seeking an experienced Internal Audit professional to lead audit planning, execution and reporting. You will develop audit objectives, scope and timelines, while guiding junior staff and coordinating with stakeholders across Business Units.

The role emphasizes strong analytical thinking, clear communication with senior management, and collaboration with the 1st/2nd lines of defence to identify risks and drive improvements in business processes.

Qualifications

• Degree in Actuarial, Finance, Accountancy or Business or recognized professional qualification (e.g., CIA, CERA, ACA, ACCA).
• Minimum 8 years of relevant working experience.
• Prior experience in financial sectors (insurance/investment) and/or data analytics.
• Actuarial qualifications or CIA certification are advantageous.
• Strong knowledge of internal audit methodologies and project management.

Responsibilities

• Assist with the Annual Audit plan preparation and assessment.
• Develop and communicate the audit plan including objective, scope, timeline and criteria to stakeholders.
• Detail scope, roles and responsibilities to audit team members.
• Lead, coach and supervise junior staff to perform audits.
• Liaise with stakeholders and monitor fieldwork progress.
• Evaluate internal control design and operating effectiveness and manage remediation activities.
• Communicate root causes, risks, and improvement recommendations.
• Build relationships with 1st and 2nd line of defence to identify red flags.
• Manage 3rd party audit support resources where applicable.

Skills

Analytical thinking

Communication skills

Team collaboration

Attention to detail

Education

Degree in Actuarial, Finance, Accountancy or Business

CIA / CERA / ACA / ACCA qualification

Job description

Your key accountabilities will include:

• Assist with the Annual Audit plan preparation and assessment
• Develop and communicate the audit plan, including determining the audit objective, scope, timeline and criteria to the stakeholders / Business Units, including opening meeting
• Detailing and communicating the scope, roles and responsibilities to the audit team members
• Plan for regular team meeting, opening and closing meeting
• Prepare and collate findings and / or feedback from team members for closing meeting presentation and inclusion in the audit report
• Lead, coach and supervise junior staff to perform audits
• Liaise with stakeholders, lead discussions and monitor fieldwork progress
• Assist and complete audits in a timely and efficient manner in accordance with standards established by industry best practices and the relevant risk and regulatory environment
• Evaluate internal control design and operating effectiveness and manage remediation activities
• Communicate root causes of identified issues, associated risks, on the current and future business model and operating environment and include recommendations and action plans for improvements in business processes
• Build strong relationship with 1stand 2ndline of defence to identify potential red flags and ensure that insights to emerging risk and controls are identified and managed
• Manage 3rd party audit support team/ resources where applicable
• Participate in major business initiatives, and pro-actively advise and assist the business on change initiatives

Qualifications:

• Degree in Actuarial, Finance, Accountancy or Business related field or recognized professional qualification i.e. Associate Actuaries, Fellow Actuaries, Chartered Enterprise Risk Analyst (CERA), Association of Chartered Accountants (ACA), Association of Chartered Accountants (ACA), Association of Chartered Certified Accountants (ACCA)
• Minimum 8 years of relevant working experience
• Prior experiences in financial sectors (including insurance and investment) and/or with data analytics experience
• Candidates with Actuarial qualifications, Certified Internal Auditor (CIA) certification or equivalent will be of added advantage
• Good knowledge of internal audit methodologies, audit projects management including agile auditing, risks and controls
• Good written and verbal communication skills, and able to engage senior management
• Collaborator and team player who is motivated, demonstrate analytical thinking, has sound judgement and detailed oriented
• Highly organized, focused and able to work under tight timelines and pressure