Job Title

Internal Auditor

South Africa, Gauteng
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Market Related
Area: South Africa, Gauteng
Sector: Insurance
Posted: 5 March 2024

Job Details

Internal Auditor

 

CAREER OPPORTUNITY

A position as Internal Auditor exists in Group Internal Audit: Santam Corporate Services based in Sandton.

 

JOB DESCRIPTION

The incumbent will be responsible for conducting various types of assurance and consulting reviews across the Santam Ltd Group (includes subsidiaries, portfolio managers, underwriting agencies and international partners). This will be done in accordance with the annual audit plan approved by Santam’s Audit Committee and conducted in terms of International Standards for the Professional Practice of Internal Audit. The role requires someone with strong analytical skills who can apply our risk-based methodology.

 

PRINCIPAL ACCOUNTABILITIES

  • Perform assurance and consulting reviews at Santam Ltd, its subsidiaries, portfolio managers, underwriting agencies, international partners.
  • Adherence to the Internal Audit methodology and the International Standards for the Professional Practice of Internal Audit.
  • Responsible for audit execution, from planning to report finalisation.
  • Performing risk and control assessments.
  • Ensure that audit assignments are focused on key risk areas and are performed efficiently and within time and expense budgets.
  • Developing of audit procedures to test adequacy and effectiveness of controls.
  • Prepare audit findings with thorough root cause analysis and practical recommendations and engage in discussions with various levels of management which will support the achievement of the Santam Group’s and our business partners strategic and financial objectives.
  • Incorporate data analytics (DA) to enhance audit planning and create efficiencies in audit fieldwork.
  • Implementation and improvement of general quality assurance on all audit work in terms of the audit methodology, approach and documentation.
  • Supporting and mentoring graduates.
  • Building relations with partners. Effective communication with the audit team, audit management and key stakeholders.
  • Demonstrate and apply holistic / big picture and forward thinking.
  • National and international travelling to Santam offices and partners may be required.

 

QUALIFICATIONS AND EXPERIENCE

  • Internal Audit or equivalent qualification.
  • CIA or studying towards CIA.
  • 3-5 years internal auditing experience.
  • A strong understanding and knowledge of risks and controls.
  • Experience in insurance related financial audits and knowledge of insurance processes would be an advantage.
  • Completed articles (external audit) would be an advantage.
  • Computer literate
    • Excel – Advanced
    • Word – Intermediate
    • ACL – Intermediate
    • Teammate

 

SKILLS

  • Analytical ability and logical reasoning
  • Conceptual and innovative thinker
  • Understanding of key controls and risk management
  • Effective time management
  • Interpersonal, communication and networking skills
  • Relationship management
  • Facilitation skills and ability to influence individuals, groups and teams
  • Strong verbal and written communication skills
  • Conflict management
  • Problem solving skills
  • Planning and organising
  • Writing and reporting
  • Knowledge sharing
  • Ability to work under pressure

 

COMPETENCIES

  • Collaborates – building partnerships and working collaboratively and inclusively with others to meet shared objectives
  • Client focus – building strong client relationships and delivering client centric solutions
  • Drives results – consistently seizing opportunities and achieving results even under tough circumstances
  • Flexibility and adaptability – rebounding from setbacks and adversity when facing difficult situations
  • Cultivates Innovation – Creating new and better ways for the organisation to be successful
  • High ethical standards
  • Proactive and achievement oriented

 

ABOUT THE COMPANY

Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia. 

Our success is rooted in our passion for our clients and everything we do is centered on our delivery of Insurance Good and Proper. We’re about people. People drive our business so it follows that we want to recruit the best people possible whether they work for us permanently or for a short time as temporary employees. 

At Santam we are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society. In achieving our employment equity goals we give preference to applicants from the designated groups in alignment with the Divisions Employment Equity targets.