Internal Audit Manager (Head)

SUMMARY:
A niche insurer in South Africa is looking for an Internal Audit Manager!!

POSITION INFO:
Are you a strategic leader with a passion for governance, risk management, and compliance within the insurance industry?

Join a leading insurance company as an Internal Audit Manager and play a crucial role in ensuring the highest standards of risk management, governance, and regulatory compliance.

Be part of a dynamic team where strategic leadership, operational excellence, and continuous improvement drive success. This role reports to the Audit and Risk Committee with a dotted line to the CEO, offering high visibility and impact within the organisation.

Apply now to take the next step in your career as an Internal Audit Manager within a respected insurance company. Apply Today! Send your CV to

Duties:

• Strategic Leadership: Develop and execute a comprehensive, risk-based internal audit plan aligned with company goals and regulatory standards.
• Audit Execution and Oversight: Lead and oversee audits addressing financial, operational, compliance, and IT risks, ensuring adherence to South African insurance regulations (FSCA and Prudential Authority).
• Regulatory Compliance: Stay updated on regulatory changes and maintain open communication with regulatory bodies.
• Operational Excellence: Optimize internal audit methodologies and promote a combined assurance approach across all lines of defence.
• Team Leadership and Development: Mentor and develop a high-performing internal audit team, ensuring they stay informed about industry trends and best practices.
• Reporting and Communication: Present findings to the Audit and Risk Committee and Board, fostering a culture of accountability and continuous improvement.

• Matric (Grade 12)
• Bachelor’s degree in Accounting, Auditing, Finance, or related field.
• Professional certifications such as Chartered Accountant (CA(SA)), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA).

• Minimum of 10 years in internal audit, with at least 5 years in a senior leadership role within the insurance or financial services industry in South Africa.
• Extensive experience with risk-based auditing and South African insurance regulatory frameworks (e.g., SAM). IFRS 17 experience is highly beneficial.
• Proven experience liaising with regulatory authorities (FSCA and Prudential Authority).

• In-depth knowledge of South African insurance regulations and governance frameworks.
• Strong analytical, problem-solving, and risk management skills.
• Excellent leadership, communication, and stakeholder engagement abilities.
• Proficiency in audit management software and data analytics tools.
• Strategic thinker who balances governance needs with business priorities.
• High ethical standards and integrity.
• Innovative approach to audit methodologies and technology use.