At a glance
- Closing date
- The listing does not give one. Employers often close early when they have enough applicants, so apply soon.
- Where
- Lagos, Nigeria
- How to apply
- Directly to the employer by email. The address is in the listing below.
DUTIES & RESPONSIBILITIES
Develop and maintain a comprehensive internal audit charter aligned with industry best practices and regulatory requirements.
Conduct risk assessments to identify key areas of risk within the company\'s operations, financial reporting, and compliance.
Develop and execute a risk-based internal audit plan to address identified risks and ensure comprehensive coverage of all critical areas.
Lead and manage a team of internal auditors, providing coaching, mentorship, and ensuring they possess the necessary skills and knowledge to perform effective audits.
Investigate incidents of fraud, malpractice, or control breaches and recommend corrective/preventive actions.
Liaise with External Auditors, NAICOM examiners, and other regulators during inspections and statutory audits.
Conduct internal audits in accordance with professional auditing standards and best practices.
Evaluate the effectiveness of internal controls and risk management practices and identify areas for improvement.
Prepare comprehensive audit reports documenting findings, recommendations, and action plans for the Board Audit Committee and regulatory returns as required by NAICOM.
Monitor and track the implementation of corrective actions identified in audit reports.
Maintain strong relationships with key stakeholders across the organization, including senior management, the Audit Committee, and the Board of Directors.
Evaluate compliance with NAICOM guidelines, the Insurance Act, the NAICOM Corporate Governance Code, anti-money laundering (AML/CFT) requirements, and other applicable regulations.
Stay up to date with relevant accounting standards, industry regulations, and best practices in internal auditing.
Provide input on the design of new products, processes, and systems to ensure adequate controls are embedded from inception.
EDUCATIONAL QUALIFICATION & TRAINING
Bachelor’s degree in Insurance, Actuarial Science, Finance, Accounting, Economics, or related field.
Master’s degree (MBA/MSc in Insurance, Risk Management, or Finance) is an added advantage.
Professional certifications such as ACA, ACCA or CIA is required
Additional certification in risk management (e.g., CRMA) or insurance (e.g., ACII, CIIN) is an advantage
Minimum of 10–12 years\' post-qualification experience, with at least 5 years in internal audit/risk management within the insurance or broader financial services industry, and demonstrable experience at senior management level.
Must meet NAICOM\'s fit-and-proper person criteria for Principal Officers, including minimum cognate experience and seniority requirements.
SKILLS & ABILITIES
Strong risk-based audit planning and execution capability
Sound knowledge of non-life insurance operations (underwriting, claims, reinsurance)
Excellent analytical, report-writing, and presentation skills
High ethical standards, independence, and objectivity
Strong stakeholder management skills — Board, Management, Regulators, External Auditors
Proficiency in audit software/data analytics tools and Microsoft Office Suite
Leadership and team management skills
Minimum qualifications
BA/BSc/HND , Professional Certificate
How to apply
Interested and qualified candidates should forward their CV to: recruitment@ieiplcng.com using the position as subject of email.
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