Insurance Auditor

Job Description

As an Insurance Auditor, you will play a crucial role in examining and evaluating the quality of insurance company operations. Your primary duty entails auditing the financial statements, operational processes, and compliance measures to ensure insurance entities meet established standards. You will be expected to maintain transparency, assess the accuracy of financial records, and make recommendations for improving internal controls. Collaborating closely with insurance agents, brokers, and internal teams, you will identify discrepancies and implement corrective measures to mitigate potential risks. A methodical approach, keen attention to detail, and strong analytical skills are essential in successfully carrying out the audit functions. This position requires regular interaction with management and external regulatory bodies, necessitating excellent communication and interpersonal skills. Join a dynamic team where you can leverage your expertise to uphold the integrity of the insurance industry and drive high levels of business performance.

Responsibilities

• Evaluate financial statements of insurance companies with meticulous scrutiny.
• Conduct detailed audits to ensure compliance with regulatory requirements.
• Assess operational processes to identify potential inefficiencies and risks.
• Collaborate with various departments to enhance internal control measures.
• Prepare detailed audit reports highlighting findings and recommendations.
• Ensure the accuracy and reliability of financial data reported by insurers.
• Review policy underwriting processes to ensure ethical practices are followed.
• Liaise with management teams to discuss audit findings and corrective actions.
• Analyze and verify the company's financial position and profitability trends.
• Assist in developing audit strategies for thorough evaluation of systems.
• Monitor industry changes to align audit procedures with current regulations.
• Provide training and guidance to junior audit staff for knowledge enhancement.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field is required.
• Professional certification such as CPA, CIA, or equivalent is preferred.
• Minimum of three years’ experience in auditing, preferably in insurance.
• Strong analytical skills for critical evaluation of complex financial situations.
• Exceptional attention to detail is required for thorough audit assessments.
• Comprehensive understanding of insurance operations and regulatory frameworks.
• Proficient in using audit software tools and other financial applications.
• Excellent communication skills for effective reporting and management liaising.
• Ability to work independently and collaboratively in dynamic environments.
• Adept at identifying process improvements and implementing solutions proactively.

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