Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description The role has overall responsibility for the delivery of audits within the Old Mutual Insure Group portfolio. The role is responsible for the management of the audit teams (including people/service provider management) and delivery of the audit plan, including annual audit planning, updating the audit universe, execution of audits and preparation of audit reports. This role will support the Audit Lead/s in executing on audits and managing stakeholder relationships.
Key Result Areas / Outputs Delivery of Services Contribute to the development of the portfolio/s audit planResponsible for the update and maintenance of the audit universe and identification of emerging risks;Understand the risk profile of the business in a broader context of the Group and industry;Understand the regulatory environment and key legislation impacting the businessExecute and deliver the audit plan and management requests timeously;Contribute towards and provide updates on the Combined Assurance Plans for the relevant portfolios;Ensure audits are conducted as per the GIA Methodology and that the quality and performance standards are maintained at all times;Timely delivery of impactful audit reports with well thought out management actions and due datesThe ability to work on multiple audit engagementsFacilitate the agreement of audit findings and ratings with the relevant stakeholders;Analyse root causes of issues identified and make recommendations to management to improve the control environment accordingly as necessary;Facilitate the integrated audit approach where necessary, such as use of IT and DAS; andTimely execution of the issues assurance plan per portfolio and within quality standards.Develop and maintain effective relationships with auditees;Ensure open communication with other audit teams, especially for integrated audits; andSupport the Audit Lead/s in managing stakeholder engagement and relationships across the relevant portfolio/s.Support the Audit Lead/s in managing functional resource planning and integration, including the use of specialist consultants;Support the Audit Lead/s to manage the portfolio/s GIA stats process and monthly reporting process by engaging line 1 and line 2; andComply with IIA Code of Ethics and GIA Policies and Procedures.Support the Audit Lead to manage the audit team.Qualifications, Skills and Experience: Qualifications & Professional Affiliations Relevant University Degree & Professional Qualification.CA (SA), CIA, CFA would be advantageous.Experience Audit experience preferred, not requiredStrong background in the financial services / insurance industryKnowledge of the regulatory environment for the insurance industryKnowledge of the cell captive business in the insurance industry would be advantageous.Knowledge of trade credit insurance would be advantageous.Minimum 3 to 5 years' experience in managing multiple teams and assignmentsExperience of client relationship management at senior levelsData Analytics experience would be advantageousCore competencies: ExecutionCustomer FirstPersonal Mastery (Learning)High Level of Computer LiteracyPreferable Audit Software (e.g. TeamMate)Internal Auditing MethodologiesBusiness Process AnalysisRisk Analysis & Control Assessment TechniquesAnalytical ToolsProfessional EthicsStrong Business AcumenInternal Audit ManagementCritical ThinkingImprovement and InnovationPersonal Effectiveness Collaborates effectively with others to achieve personal results.Accepts and lives the company values.Accountable for service delivery through own efforts.Individually accountable for managing own time, tasks, output quality and developmentMakes increased contributions by broadening individual skills.Skills Accountability, Audit Management, Business, Client Relationship Building, Client Service, Code Of Ethical Conduct, Commercial Acumen, Communication, Core Competencies, Critical Thinking, Facilitation, Industry Knowledge, Innovation, Insurance Industry, Internal Auditing, People Management, Professional Ethics, Regulatory Environment, Relationship Management
Education Bachelor of Commerce (BCom) (Required)
Closing Date 14 October 2024
The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question. Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19. All prospective employees are required to disclose their vaccination status as part of the recruitment process. Please refer to the Old Mutual's Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so. About UsOld Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending.
We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.
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