Union Assurance is a leading corporate and the fastest growing entity in the Life Insurance industry backed by the strength and stability of John Keells Holdings PLC, one of Sri Lanka’s largest conglomerates. For the 9th consecutive year, the company has received the GPTW certification as a ‘Best Employer Brand,’ and in 2020 was awarded the ‘Global Employer Brand’ by the World HRD Congress.

The Job :

The person will be responsible to manage and coordinate internal audits executed by outsourced internal auditors, to ensure that its operations are conducted in compliance with established policies and procedures and plan and manage risk-based routine and ad-hoc reviews conducted by the division

Key Responsibilities:

• Oversee the outsourced internal auditors work and the audit life cycle including scope finalization, facilitating ongoing audits, coordinate information provision and follows up, ensure quality of work and adherence to the timelines and timely reporting to the Board Audit & Compliance Committee (BACC). As required, the role will seek guidance and advice from the relevant stakeholders, including the Group Business Process Review division of JKH (GBPR) as required.
• Facilitate and support the outsourced internal auditors in the process of drafting audit reports and present the same to the management, ensuring that all the risks are highlighted and evaluating the effectiveness of controls in place to mitigate those risks.
• Plan and perform independent routine and ad-hoc reviews in set frequencies for respective areas of the audit scope.
• Recommend initiatives and improvements for the division, to improve the efficiency of the auditing processes and mechanisms.
• Planning and preparation of the audit calendar and monitor the progress of the same and provide periodic status updates.
• Evaluate the effectiveness of internal controls, identify areas for improvement, and provide recommendations to the management, subject to approval and final recommendations of the head of the department.
• Develop and oversee training programs related to internal controls and policies, update training material as and when required, and conduct training for branches and other departments on the same.
• Facilitate review and update of policies and guidelines related to internal controls

Candidate Profile :

• Minimum of 3 to 4 years of relevant experience in the fields of internal auditing and data analytics.
• A fully/partially qualified professional in the fields of finance and auditing, in a recognized body (CA/ACCA/CIMA) or a professional qualification in auditing (CIA), together with competency and experience in use data analytics and BI tools.
• Knowledge and experience in the insurance industry
• Deep understanding of internal auditing, system control testing, etc. 
• A sound understanding of Information Security and System controls
• Skills and expertise in use of data analytics and BI tools to analyze data and develop dashboards
• A high degree of communication and presentation skills
• Hands-on experience with MS Office packages

Closing Date: 2023/10/30