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Internal Auditor
- Internship, onsite
- India International Insurance Pte Ltd
- Central, Singapore
$ 6,000 - $ 8,000 / month
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Key Responsibilities:
- Develop and execute risk-based internal audit plans focused on key areas such as underwriting, claims management, reinsurance, investments, and operational processes.
- Identify areas of potential risk, inefficiencies, and weaknesses in internal controls.
- Evaluate the efficiency and effectiveness of operational workflows, including claims processing, policy issuance, and renewal procedures.
- Monitor and test the effectiveness of internal controls and recommend improvements.
- Ensure adherence to regulations issued by the MAS, including the Insurance Act, risk management guidelines, and anti-money laundering requirements
- Conduct audits of IT systems to ensure data security, operational continuity, and compliance with cybersecurity frameworks.
- Prepare detailed audit reports with findings, implications, and actionable recommendations for management and the Audit Committee.
- Follow up on the implementation of agreed-upon corrective actions.
- Provide guidance on best practices and internal controls to improve overall governance.
- Propose innovative approaches to improve the audit process and company-wide compliance.
Qualifications & Skills:
Education: Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
Certifications: CPA, ACCA, CIA, or equivalent.
Experience:
- 7-10 years of experience in internal audit, preferably in insurance sector
- Familiarity with non-life insurance products and operations.
- Strong analytical, problem-solving, and communication skills.
- Knowledge of MAS regulations, IFRS 17, and cybersecurity practices.