- Internal Audit Manager
Company: Confidential Company Job Location: Amman, Jordan Career Level: Senior (Team Leader/Staff Supervisor) Date Posted: 08-12-2024 Ref. Number: 163636 Citizenships Jordan Years of Experience 5 - 16
Internal Audit Manager
Job Description and Requirements
Responsibilities:
Develop and implement the annual internal audit plan based on risk assessments, regulatory changes, and organizational objectives. Execute audits across various departments, including underwriting, claims, operations, IT, and finance, to evaluate the efficiency and effectiveness of processes. Identify, assess, and prioritize risks impacting the company, and provide recommendations to mitigate these risks. Collaborate with management to ensure effective risk management practices are established and maintained. Ensure compliance with internal policies, as well as applicable laws and regulations set forth by the Central Bank of Jordan (CBJ), the Jordan Securities Commission, and other local regulations. Additionally, adhere to relevant accounting standards such as International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) Stay updated on regulatory changes from the Central Bank of Jordan (CBJ) and the Jordan Securities Commission, including new legislation, guidelines, and compliance requirements. Assess the implications of these changes on the company’s operations, policies, and procedures to ensure alignment with regulatory standards. Work closely with relevant departments to implement necessary adjustments in operational processes and internal controls in response to regulatory updates. Prepare comprehensive audit reports detailing findings, recommendations, and agreed-upon action plans. Collaborating with the Audit Committee to ensure timely discussions of audit results and significant issues. Present audit results to senior management and the board of directors, ensuring clear communication of risks and recommendations. Assisting in the development of the annual audit plan and ensuring its alignment with the organization’s objectives and risk profile. Facilitating communication between the internal audit team and the Audit Committee to promote transparency and effective oversight. Lead and mentor the internal audit team, providing guidance and fostering a culture of continuous improvement. Conduct performance evaluations and support the professional development of team members. Coordinate with external auditors during their annual audit and provide necessary documentation and support as needed. Identify opportunities for process improvements and efficiencies within the organization. Collaborate with management to implement best practices and enhance internal controls.
Qualifications:
Bachelor’s degree in Finance, Accounting, Business Administration, or a related field; a Master’s degree or MBA is preferred. Professional certifications such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), and Chartered Accountant (CA) are required. Minimum of 5-7 years of experience in internal audit, preferably within the insurance or financial services industry. Strong understanding of insurance products, regulatory frameworks, and industry standards. Excellent analytical, problem-solving, and organizational skills. Exceptional written and verbal communication skills, with the ability to present complex information clearly to stakeholders at all levels. Proficiency in audit management software and data analysis tools.
Skills:
Ability to lead, motivate, and mentor audit teams, ensuring high performance and professional growth. Strong interpersonal and communication skills to effectively manage client relationships and collaborate with staff. Strong analytical skills to assess financial data, identify issues, and suggest improvements or solutions. Ability to think critically and solve complex problems that may arise during audits. Excellent written and verbal communication skills for preparing audit reports, presenting findings, and interacting with clients and stakeholders. Ability to explain complex accounting and auditing concepts to non-financial stakeholders. High attention to detail and accuracy in reviewing financial statements, audit reports, and documentation. Strong problem-solving skills to address challenges during audits and provide actionable recommendations to clients. Familiarity with audit management software (e.g., CaseWare, Teammate, ProSystem fx) and proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
Company: Confidential Company Job Location: Amman, Jordan Career Level: Senior (Team Leader/Staff Supervisor) Date Posted: 08-12-2024 Ref. Number: 163636 Citizenships Jordan Years of Experience 5 - 16
