Internal Audit Executive at Guinea Insurance plc

About the Role

Guinea Insurance plc seeks a dedicated Internal Audit Executive to evaluate the effectiveness of the company's internal controls, risk management, governance processes, and compliance with regulatory requirements. This role ensures operational efficiency, protects company assets, and supports management in strengthening processes across all insurance functions, including underwriting, claims, finance, sales/marketing, and branch operations.

Key Responsibilities

• Assist in developing the annual internal audit plan based on risk assessment
• Conduct audits of operational, financial, and functional units across head office and branches
• Perform fieldwork, data analysis, and process walkthroughs for underwriting, claims, reinsurance, finance, HR, and IT
• Prepare working papers in line with professional auditing standards
• Identify control gaps, potential risks, and process weaknesses
• Recommend corrective actions to mitigate risks and strengthen governance
• Prepare clear, concise audit reports indicating findings, implications, and recommendations
• Present findings to Head of Audit and support follow-up actions to ensure timely closure of audit issues
• Conduct surprise audits on cash management, petty cash, reconciliations, and branch operations
• Review third-party processes and outsourced functions to ensure compliance with SLAs
• Support fraud investigation efforts when required
• Monitor trends in internal controls, insurance operations, and regulatory expectations
• Propose innovative ways to enhance efficiency and reduce operational risks

Required Qualifications

• Bachelor's degree in Accounting, Finance, Economics, or related field
• 2–4 years of audit experience, preferably in Insurance or financial services
• Proficiency in MS Office (particularly Excel)
• Strong audit execution and report writing skills

Preferred Qualifications

• Professional certifications such as ACA, ACCA, CIA, or CISA