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Audit Executive

Information About This Job

Job Title: Audit Executive
Contract Type: Permanent
Location: London
Industry:
Salary: £30,000 - £35,000
Contact Name: Ben Cheema
Contact Email: bcheema@lawsonchase.com
Job Published: 6 months ago

Job Description

We are working closely with a top independent insurance brokerage firm, who are looking to hire an Audit Executive to assist the Head of Internal Audit in planning and conducting internal audit activity.

 

Key Responsibilities

  • Assist in developing and implement an annual risk-based internal audit plan, taking into account the assurance requirements of key stakeholders.  

  • Assist in promoting the internal audit offering to key stakeholders and respond to assurance requests.  

  • Reviewing the adequacy and effectiveness of the policies and processes in place to identify and manage key risks in the organisation.  

  • Reviewing the systems established to ensure compliance with those policies, plans procedures, laws and regulations that could have a significant impact on operations and reports, and determine whether or not the organisation is in compliance. 

  • Assessing the effective conduct of its operations with regards to the economic and efficient management of the organisation's financial, human and other resources.  

  • Reviewing operational programmes to ascertain whether or not the operations are being carried out in line with established objectives and goals. 

  • Reviewing the reliability and integrity of financial and operating information, and the means used to identify measure, classify and report such information.  

  • Reviewing the means of safeguarding assets and, where appropriate, verifying the existence of such assets.  

  • Monitoring all corrective action plans and managing support and resources to ensure that management implements them promptly and effectively.  

  • Identify opportunities for continuous process improvements and adoption of industry best practices in terms of process execution, internal controls, governance, ethics and compliance.  

  • Ensure the quality of internal audit work is in accordance with the Internal Audit Terms of Reference and IIA standards.  

  • Maintain knowledge of general internal audit, insurance and regulatory issues,  

  • Assist the Head of Internal Audit in producing papers for Board Committees and working groups as requested e.g. Audit, Risk & Control, IT Security, Data Security, Financial Crime and Regulatory Breaches.

 

Skills & Experience 

  • Part qualified (or newly qualified) ACCA/ ACA with some professional internal or external audit experience or a Legal/ Compliance/ Risk Management/ Insurance Broking professional.  

  • Basic understanding of the principles and application of good corporate governance, business and operational risk and control processes and procedures.  

  • Basic knowledge of assurance and audit procedures, including risk driven audit planning techniques and methods used to examine, verify and analyse business and financial operations, information, records, statements and reports, and the requirements of the "Standards for the Professional Practice of Internal Auditing".  

  • Basic knowledge of the principles, procedures and techniques of accounting, and of financial records and transactions.  

  • Ability to gain the confidence and respect of management and staff through attributes such as professionalism and positive attitude.   

  • Knowledge of additional language a plus (Spanish, Italian, Portuguese or Mandarin)

 

Key Competencies 

  • A working knowledge of Microsoft products (Word, Excel, Outlook) or similar software applications.  

  • Analytical and problem-solving skills, including research and investigation.  

  • Ability to communicate effectively and professionally both verbally and in writing with client facing and shared services Associates, clients, insurers, external auditors and other associates.  

  • Basic presentation skills in both preparation and execution.  

  • Professional and tactful negotiation and persuasion skills to achieve objectives.  

  • Ability to manage time, prioritise and ensure that deadlines are met without compromising quality.  

  • Willingness and ability to continue to develop knowledge of products and related issues through formal and informal learning, both internal and external to the company.  

  • Protects the confidentiality of information learned by performing position duties.   

 

Additional Information

This role is based in London, with 10%-30% UK and international Travel.

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