Manager- Internal Audit at Jubilee Insurance

Role Purpose

The Internal Audit Manager will lead and oversee the internal audit function within the Life Insurance Company. The primary purpose is to provide independent and objective assurance on governance, risk management, and internal control processes. The role involves evaluating controls, identifying risks, and providing insights that enhance operational efficiency, compliance, and organizational performance.

Main Responsibilities

Audit Planning & Execution

• Develop a comprehensive annual internal audit plan using a risk-based methodology that reflects the company's strategic priorities and operational realities
• Define the audit scope, objectives, timelines, and resource requirements for each audit engagement
• Lead the planning, execution, and completion of complex audits across life insurance operations, including underwriting, claims, actuarial, finance, IT, individual life, group & credit life, and pension administration
• Ensure all audits are conducted in accordance with International Standards for the Professional Practice of Internal Auditing (IPPF), internal audit procedures, and GIAS 2025
• Critically review audit working papers, ensuring all findings are well-documented, supported by evidence, and aligned with audit methodology
• Oversee special audits, ad hoc reviews, and management-requested assignments to provide timely assurance on critical areas
• Ensure timely closure of audits and adherence to agreed timelines, budgets, and reporting standards

Risk Management & Internal Controls

• Conduct ongoing risk assessments to identify control weaknesses, emerging risks, and areas requiring deep-dive audits
• Evaluate the adequacy and effectiveness of internal controls across all business processes and systems
• Work closely with Risk & Compliance to ensure risk registers, KRIs, and control self-assessments remain accurate and updated