A position as Specialist Internal Auditor: Underwriting exists in Group Internal Audit: Santam Corporate Services based in Sandton.
The incumbent will be responsible for conducting various types of assurance and consulting reviews across the Santam Ltd Group (includes subsidiaries, portfolio managers, underwriting agencies and international partners). This will be done in accordance with the annual audit plan approved by Santam's Audit Committee and conducted in terms of International Standards for the Professional Practice of Internal Audit. The role requires someone with strong analytical skills who can apply our risk-based methodology as well as lead and manage multiple audits.
What will make you successful in this role?Perform assurance and consulting reviews at Santam Ltd, its subsidiaries, portfolio managers, underwriting agencies, international partners;Adherence to the Internal Audit methodology and the International Standards for the Professional Practice of Internal Audit.Responsible for audit execution, from planning to report finalisation.Audit planning in terms of assignment objectives, scope of work and budgets.Ensure that audit assignments are focused on key risk areas and are performed efficiently and within time and expense budgets.Performing risk and control assessments.Developing and review of audit procedures to test adequacy and effectiveness of controls.Prepare audit findings with thorough root cause analysis and practical recommendations.Incorporate data analytics (DA) to enhance audit planning and create efficiencies in audit fieldwork.Compile draft findings and engage in discussions with various levels of management which will support the achievement of the Santam Group's and our business partners strategic and financial objectives.Follow up on audit issues raised and provide input into the reports to the audit committee and other relevant risk committees.Implementation and improvement of general quality assurance on all audit work.Supporting and mentoring junior auditors.Building relations with partners. Effective communication with the audit team, audit management and key stakeholders.Demonstrate and apply holistic / big picture and forward thinking.Supporting a combined assurance model (includes working with external auditors and other assurance providers).National and international travelling to Santam offices and partners may be required.Design, develop and implement continuous monitoring mechanisms via data analytics.Qualification and ExperienceBachelors Degree - Internal Audit or equivalent qualification.CIA or studying towards CIA.3 to 5 years underwriting internal auditing and/or Quality Assurance review experience.Experience in insurance related financial audits and knowledge of insurance processes would be an advantage.Reinsurance knowledge would be an advantage.Excel - AdvancedWord - IntermediateACL - IntermediateSkillsAnalytical ability and logical reasoningConceptual and innovative thinkerUnderstanding of key controls and risk managementEffective time managementInterpersonal, communication and networking skillsRelationship managementFacilitation skills and ability to influence individuals, groups and teamsStrong verbal and written communication skillsConflict managementPlanning and organisingWriting and reportingKnowledge sharingAbility to work under pressureCore CompetenciesCultivates innovation - Contributing through others
Customer focus - Contributing through others
Drives results - Contributing through others
Collaborates - Contributing through others
Being resilient - Contributing through others
About The CompanySantam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia.
Our success is rooted in our passion for our clients and everything we do is centered on our delivery of Insurance Good and Proper. We're about people. People drive our business so it follows that we want to recruit the best people possible whether they work for us permanently or for a short time as temporary employees.
At Santam we are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society. In achieving our employment equity goals we give preference to applicants from the designated groups in alignment with the Divisions Employment Equity targets.
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