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For Companies At a Glance
- Tasks: Lead the internal audit process and ensure effective risk management.
- Company: Join Avencia Consulting, a partner to a global specialty insurer and reinsurer.
- Benefits: Gain valuable experience in a dynamic environment with opportunities for professional growth.
- Why this job: Make an impact by enhancing governance processes and coaching junior team members.
- Qualifications: University degree preferred; professional certification and auditing experience required.
- Other info: This is a 12-month fixed-term contract position.
The predicted salary is between 48000 - 72000 £ per year.
Job Description
About us Avencia Consulting acts as a recruitment partner to an international speciality insurer and reinsurer.
The role
As Internal Audit Manager, you will have responsibility for the the end-to-end process, playing a crucial role in ensuring the effectiveness of internal controls, risk management, and governance processes.
Key accountabilities
* The Internal Audit Manager will contribute to the development and execution of the risk-based audit plan, ensuring alignment with organisational goals and regulatory requirements.
* Review documentation and engage with stakeholders to understand key risks, processes and controls in areas being audited.
* Draft audit reports and present key findings and recommendations to management.
* Collaborate with various departments to ensure implementation of audit recommendations and monitor progress.
* Provide coaching to junior team members.
Skills & experience
* University degree (Finance-related subject not mandatory).
* Professional certification such as ACA, CIA, or equivalent.
* Several years of hands-on experience in internal auditing within non-life insurance.
* Robust understanding of auditing standards, risk management, and internal control frameworks.
Internal Audit Manager (12 Month FTC) employer: Avencia Consulting Services Ltd
Contact Detail:
Avencia Consulting Services Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Internal Audit Manager (12 Month FTC)
✨Tip Number 1
Familiarize yourself with the specific auditing standards and frameworks relevant to the non-life insurance sector. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the industry.
✨Tip Number 2
Network with professionals in the internal audit field, especially those who have experience in the insurance industry. Engaging with them can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Prepare to discuss specific examples from your past experiences where you successfully identified risks and implemented controls. This will showcase your hands-on experience and problem-solving skills during the interview.
✨Tip Number 4
Stay updated on current trends and regulatory changes in the insurance industry. Being knowledgeable about these topics will allow you to engage in meaningful discussions with interviewers and show that you are proactive in your professional development.
We think you need these skills to ace Internal Audit Manager (12 Month FTC)
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Internal Audit Manager position. Make sure you understand the key responsibilities and required skills, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasize your hands-on experience in internal auditing, particularly within non-life insurance. Use specific examples to demonstrate your understanding of auditing standards and risk management.
Showcase Your Certifications: If you hold any professional certifications such as ACA or CIA, make sure to prominently feature them in your application. This will strengthen your candidacy and show that you meet the qualifications for the role.
Draft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role. Mention how your skills align with the company's goals and how you can contribute to their internal audit processes.
How to prepare for a job interview at Avencia Consulting Services Ltd
✨Understand the Audit Process
Make sure you have a solid grasp of the end-to-end audit process. Be prepared to discuss how you would develop and execute a risk-based audit plan that aligns with organizational goals.
✨Know Your Stakeholders
Familiarize yourself with the key stakeholders in the organization. Be ready to explain how you would engage with them to understand risks, processes, and controls during audits.
✨Prepare for Reporting
Think about how you would draft audit reports and present findings. Practice summarizing complex information clearly and concisely, as this will be crucial when discussing your recommendations with management.
✨Showcase Your Coaching Skills
Since the role involves coaching junior team members, be prepared to share examples of how you've mentored others in the past. Highlight your approach to fostering their development and ensuring they understand auditing standards.
