About us

Avencia Consulting are recruiting on behalf of a leading specialty Insurer based in the City, who are looking to hire a Senior Internal Auditor to join.

The role

This individual will play a key role in executing the internal audit strategy within a dynamic and rapidly expanding organisation.

This role offers a unique opportunity to engage with all levels of management, from operational teams to functional heads, and a wide range of stakeholders, including internal teams and external capacity providers. The Senior Internal Auditor will be instrumental in embedding audit processes into the business lifecycle, helping to strengthen the company''s internal control framework.

This position offers significant growth potential. The successful candidate will expand their knowledge of internal audit and the insurance industry, gaining insights into the world-class underwriting process as well as other key business functions, including claims, actuarial pricing, exposure management, and reinsurance. The role also offers the opportunity to manage audits delivered by co-sourced service providers or capacity providers, providing valuable experience in third-party engagement management. It is an excellent opportunity to develop audit engagement oversight and stakeholder coordination skills, enhancing your overall management capability within a collaborative environment.

Key accountabilities

• Undertake internal audit reviews with minimal supervision including:
  • Planning and scoping audit work, and producing the audit Terms of Reference
  • Identifying and assessing risks and associated internal controls, and evaluating the design adequacy and operating effectiveness of those controls
  • Performing audit testing and fieldwork
  • Documenting audit work in line with agreed standards and methodologies
  • Communicating effectively with the audit team and business stakeholders to prepare audit findings and recommendations that are well-supported and impactful
  • Tracking audit actions to ensure timely completion and that they address the original risks raised
• Assist in managing assurance work carried out by other assurance providers:
  • Reviewing the scope of audits
  • Ensuring audit testing is performed in line with the agreed scope
  • Reviewing audit findings and their ratings to ensure they are reflective of the relevant risks
  • Confirming that appropriate actions are agreed to address audit findings
  • Tracking and following up audit actions raised by the capacity providers ensuring they are completed within the agreed timeframe
• Contribute to the annual audit planning process, including regular risk assessments and preparation of the audit planning memorandum
• Maintain strong working relationships with business stakeholders and audit teams from capacity providers

Skills & experience

• Professional qualification in accountancy or auditing (ACA, ACCA, CIMA or CIIA)
• 2- 3 years post qualification experience in Internal Audit
• Experiences in the financial services industry, insurance section experiences preferred but not essential
• Excellent Microsoft Office skills, particularly Microsoft Excel and PowerPoint

• Strong interpersonal skills, capable of building strong, trusting relationships with business operations, while remaining independent and objective.
• Strong written and oral communication skills, capable of articulating and presenting ideas in a coherent and impactful manner.

• Strong organisational, analytical and problem-solving skills