Internal Auditor Job in London

Internal Auditor Job in London. Apply for the latest London jobs in Accounting/Financial/Insurance.

Internal Auditor Job in London

Job Description
About us

Avencia Consulting are working with a specialty Insurer in the City, who are looking for an Internal Auditor to join on a permanent basis.

The Company currently writes lines of business including; speciality insurance: aviation & aerospace, energy, marine, property, credit & political risk, and other speciality; reinsurance: property reinsurance, property retrocession, speciality reinsurance, whole account/multi-class.

The role

Reporting to the Head of Internal Audit ("HIA"), the primary purpose of the role is to provide day to day support to the Internal Audit Department's activities, which encompass the examination and evaluation of the adequacy and effectiveness of the Group's governance, risk management process, systems of internal control, and the quality of performance in carrying out assigned responsibilities to achieve the organization's stated goals and objectives.

Key accountabilities

Assist with the operation of an effective internal audit function.
Assist with developing, maintaining and executing a proportionate risk-based audit plan.
Assist with the monitoring and reporting on the certification of internal controls identified in the ERM framework.
Assisting the audit department conducting internal audit work and fraud investigations as requested by Senior Management or the Audit Committee.
Perform all aspects of Internal Audit engagements including planning, fieldwork, testing, concluding findings and reporting to the HIA.
Either assist or conduct closing meetings with auditee, communicating findings in an effective manner and agreeing on actions to address.
Monitor all agreed actions resulting from audit reports and ensure that regular reminders are sent and that deadlines are met.
Assist with reporting on the impact of any major audit findings where management has decided to assume the risk because of cost or other considerations.
Document all audit work and working papers within the GRC software used internally (BWise).
Assist with the implementation of a Financial Controls Framework to mitigate financial reporting risk and be compliant/equivalent with section 404 of the US Sarbanes-Oxley Act.
Test controls from the Financial Control Framework to ensure operating and effective and remediate deficiencies when identified.
Assist the HIA in keeping Internal Audit procedures up to date and compliant with all relevant standards and legislation and day-to-day processes.
Maintain good communication and relationship with management and the business.Skills & experience

University degree in Accountancy, Business, Law or a related subject
Professional accounting qualification (CA, CPA, ACCA or IIA) and preferably ACII certified
Minimum of 3-5 years' experience in external and internal auditing in (re)insurance or a financial services environment
Prior experience in performing internal audits in the Bermuda and London (re)insurance markets, including third party capital management vehicles
A sound working knowledge of the International standards for the Professional Practice of Internal Auditing
In-depth knowledge of US GAAP and IFRS as well as other relevant regulatory and compliance requirements, including BMA solvency and capital requirements, Solvency II, NAIC statutory reporting requirements, SEC reporting requirements, etc.
Knowledge of the Sarbanes-Oxley Act with proven SOX compliance experience
Experience in the planning and implementation of audit and control policies and a thorough understanding of information systems
Knowledge/experience working with electronic audit working papers and reporting is an advantage
A high level of discretion, credibility and interpersonal abilities when interacting with senior management and operation managers
Strong interpersonal skills, capable of building strong, trusting relationships with business operations, while remaining independent and objective
Strong written and oral communication skills, capable of articulating and presenting ideas in a coherent and persuasive manner
Superior organizational, analytical and decision-making skills
Ability to prioritize and handle a demanding workload with strict deadlines
High proficiency in the Microsoft Office Suite of applications, as well as extensive computer experience with spreadsheets and database processing programs.
Able to work independently or within a team as directed by the HIA

Job Type: Permanent, Full Time
Location: London
Category: Accounting/Financial/Insurance
City: London
County: London
Country: United Kingdom
Salary:
Benefits: