Senior Internal Auditor

KEY RESPONSIBILITIES

• Scope and plan reviews. Assist with the preparation of annual review plans and budgets, agree review scope, objectives, approach, timelines and budgets with clients, and issue engagement plans.
• Manage delivery. Allocate teams, monitor progress, budgets and timelines across several reviews, and resolve issues early.
• Quality assurance. Perform QA checks on all audit and review files: working papers, evidence, conclusions and reports, before release to the client.
• Review and finalise reports, findings, risk ratings and recommendations, and present them to client management.
• Client meetings. Attend client operational meetings and escalation meetings, and manage escalated findings and client concerns.
• Business development. Identify opportunities with new and existing clients, and prepare proposals, scopes and fee estimates.
• People management. Supervise, coach and review the work of Senior Consultants and Consultants, and contribute to performance reviews.
• Follow-up. Oversee tracking of agreed management actions and follow‑up reviews.

REVIEW AREAS

Candidates should have managed reviews in several of the areas below. Insurance‑sector experience is a strong advantage.

• Internal Audit: Risk‑based, outsourced and co‑sourced internal audit; specialist reviews; agreed‑upon procedures; follow‑up reviews.
• Third‑Party Assurance (TPA): Risk‑based, contractual and regulatory compliance reviews of binder holders, underwriting managers, administrators and other outsourced service providers.
• Compliance Monitoring: Compliance risk assessments, compliance monitoring reviews and dashboards.
• Market Conduct: Treating Customers Fairly (TCF) outcomes, Policyholder Protection Rules (PPR) compliance and market conduct assurance reviews.
• Risk Management: Risk assessments, control self‑assessments, key risk indicators and integrated assurance.
• Process reviews:
  • Internal Financial Controls (IFCs): Financial reporting controls, reconciliations, journals, period‑end close.
  • New Business / Underwriting: Application processing, underwriting authority, risk acceptance, policy issue.
  • Claims: Claims registration, assessment, authorisation, payment and fraud controls.
  • Reinsurance: Treaty and facultative placement, cessions, recoveries, reinsurer reconciliations.
  • Premium Collection: Debit orders, collection, allocation, arrears and lapses.
  • FICA / AML: Client due diligence, screening, transaction monitoring, regulatory reporting.
  • Investments: Mandates, asset allocation, valuations, custody and investment reconciliations.
  • Bank Account Management: Account opening and closure, signatories, payment release, bank reconciliations.
  • Trust Accounts: Segregation of client funds, trust reconciliations, regulatory compliance.

MINIMUM REQUIREMENTS

Experience

• At least 7 years of internal audit, risk or compliance experience, including at least 2 years managing reviews and teams.
• Training contract or experience at a Big 4 audit firm (KPMG, Deloitte, PwC or EY) or at an insurance company preferred.
• Reviews completed at financial service providers such as banks, insurance companies or investment firms.
• Experience performing quality review or QA of audit files and reports.
• Third‑party assurance and insurance review experience is a strong advantage.
• Experience in client relationship management, including escalation meetings.
• Exposure to business development, proposals and fee estimates.

Qualifications

• Honours degree in Internal Audit preferred; otherwise a relevant degree in Accounting, Auditing, Finance, Risk Management or similar.
• CIA (Certified Internal Auditor), CISA (Certified Information Systems Auditor) or CA(SA) designation, or actively studying towards these designations.

Other

• Based in Gauteng and willing to travel.
• Valid drivers licence and able to get to client sites and the Sandton and Randburg offices.

ADVANTAGEOUS

• Insurance company experience, either in‑house or on insurance audit engagements.
• IT audit skills, including IT general controls, application controls and IT security reviews (supports cyber security offering).
• Data analytics skills, for example Excel (advanced), IDEA, ACL, SQL, Power BI or Python, to test full populations.
• Experience presenting to audit, risk or market conduct committees.

COMPETENCIES AND ATTRIBUTES

• Sound knowledge of risk management, internal control frameworks and IIA Standards.
• Working knowledge of South African financial services regulation, such as the Insurance Act and Prudential Standards, FICA, POPIA, PPR, TCF and King IV.
• Quality‑focused: high standards for evidence, documentation and reporting.
• Client relationship management and negotiation.
• Leadership, coaching and team management.
• Commercial awareness: budgets, fees and proposals.
• Strong written and verbal communication with senior client stakeholders.
• Integrity and confidentiality with client information.

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