AVP- Internal Process Audit

The role is with a leading Health Insurance company.

Position Title : AVP - Internal Process Audit

Location - Mumbai

Qualification - CA / MBA

Experience - 7+ years

Role Overview :

Concerned individuals will be responsible for Planning and execution of internal audits in accordance with the laid down process. Providing support to the Head-internal audit for other internal audit related activities including Board presentations and liaising with senior management.

Responsibilities

• Executing internal audits (process-based as well as IT process) in accordance with the approved audit plan including compliance with the internal audit methodology, using data analytics for a stratified sample , Working closely with management and recommending appropriate risk and control initiatives including best practice
• Display independence in execution of audit and management of various stakeholders
• Ensure upkeep with applicable rules and regulations
• Ensure upkeep with Company’s policies and procedures
• Using CAATs and other tools to extract and analyze data for trends and patterns, and designs review mechanism to identify potential irregularities and increase coverage and efficiencies for audit projects
• Liaise / manage external firms deployed which provide support to the Internal Audit department
• Follow up with process owners / stakeholders on the progress for remediation initiatives, and validate adequacy of the remediation actions
• Support the Head of Audit with reporting to Board and / or Audit Committee
• Liaise with Regional Office including group auditors on audit progress, remediation status and other audit initiatives
• Provide support to additional projects and to identify and pursue ongoing process improvements
• Support continuous improvement of internal audit practices and tools