Senior Insurance Auditor

Placements24; Benoni; On-site; ZAR 700,000 - 1,100,000; Full time

Benefits offered by this job

Medical aid

Life assurance

Retirement fund

Professional development

Performance bonus

Office in Benoni

Job summary

Placements24 seeks a Senior Insurance Auditor for our client in Benoni, Gauteng. The role focuses on planning and executing internal audits across insurance operations, evaluating controls, and driving improvements to mitigate risks.

The ideal candidate has 5+ years in internal or external audits within the insurance sector, with strong knowledge of COSO frameworks and regulatory requirements. The position offers growth in a stable financial services group in Benoni.

Qualifications

• A relevant degree in Accounting, Finance, Auditing, or a related field.
• Professional certification such as CIA, CA(SA), ACCA or equivalent is highly desirable.

Responsibilities

• Plan, coordinate, and execute internal audits of insurance operations, financial processes, and compliance frameworks.
• Evaluate the adequacy and effectiveness of internal controls and risk management systems.
• Identify control weaknesses, compliance breaches, and operational inefficiencies.
• Develop detailed audit findings and provide practical, actionable recommendations for improvement.
• Prepare comprehensive audit reports for management and relevant committees.
• Conduct follow-up reviews to ensure that audit recommendations have been implemented effectively.
• Stay abreast of changes in insurance regulations, accounting standards, and auditing best practices.
• Collaborate with external auditors and regulatory bodies as required.
• Assist in the development and maintenance of the annual audit plan.
• Mentor and guide junior members of the audit team.

Skills

Analytical skills

Investigative skills

Problem solving

Report writing

Communication

Data analysis tools

Audit management software

Education

CIA/CA(SA)/ACCA

Tools

Data analysis tools

Audit management software

Job description

About the Role

Our client, a reputable financial services group, is seeking a detail-oriented and experienced Senior Insurance Auditor to join their internal audit team. This role will be based in our **Benoni, Gauteng** office and is responsible for planning and executing financial and operational audits across the company's insurance divisions. The successful candidate will play a crucial role in assessing internal controls, identifying compliance gaps, and recommending improvements to enhance efficiency and mitigate risks. This is a challenging and rewarding position within a stable organization, offering significant opportunities for professional growth in the **Benoni** area. We are looking for a proactive individual with strong analytical skills and a thorough understanding of insurance operations and audit methodologies. This role requires a committed professional dedicated to upholding the highest standards of audit practice.

Key Responsibilities

• Plan, coordinate, and execute internal audits of insurance operations, financial processes, and compliance frameworks.
• Evaluate the adequacy and effectiveness of internal controls and risk management systems.
• Identify control weaknesses, compliance breaches, and operational inefficiencies.
• Develop detailed audit findings and provide practical, actionable recommendations for improvement.
• Prepare comprehensive audit reports for management and relevant committees.
• Conduct follow-up reviews to ensure that audit recommendations have been implemented effectively.
• Stay abreast of changes in insurance regulations, accounting standards, and auditing best practices.
• Collaborate with external auditors and regulatory bodies as required.
• Assist in the development and maintenance of the annual audit plan.
• Mentor and guide junior members of the audit team.

Requirements

• A relevant degree in Accounting, Finance, Auditing, or a related field.
• A minimum of 5 years of progressive experience in internal or external audit, preferably with a focus on the insurance industry.
• In-depth knowledge of insurance products, operations, and regulatory requirements in **Gauteng**.
• Strong understanding of auditing standards, internal control frameworks (e.g., COSO), and risk assessment techniques.
• Excellent analytical, investigative, and problem-solving skills.
• Proficiency in data analysis tools and audit management software.
• Exceptional report writing and communication skills.
• Professional certification such as CIA, CA(SA), ACCA, or equivalent is highly desirable.
• Ability to work independently and manage multiple audit engagements simultaneously.
• High level of integrity and professionalism.

Benefits

• Competitive annual salary package.
• Performance-related bonus structure.
• Comprehensive medical aid, life assurance, and retirement fund benefits.
• Opportunities for professional development, training, and further certifications.
• A collaborative and supportive audit team environment.
• Exposure to various facets of the insurance business.
• Stable employment within a reputable financial institution.
• Convenient office location in **Benoni**.