Life Insurance Internal Audit

A Leading Life Insurance Company is seeking a detailed-oriented Internal Audit Manager at the Assistant Manager or Manager level to join its internal audit department in Bengaluru. In this governance role, you will execute risk-based audit assignments across operational, financial, branch, and compliance workflows. Furthermore, you will evaluate internal control mechanisms, detect operational vulnerabilities, and conduct fraud risk evaluations. Consequently, this position is crucial for reinforcing enterprise governance and safeguarding regulatory compliance.

The Internal Audit Manager must combine solid experience in life insurance audit methodologies with practical data analytics and IT general controls knowledge. Working directly with department headers, you will track remediation milestones, evaluate process efficiencies, and present actionable audit findings to executive leadership. Therefore, the organization is looking for a CA, CIA, or MBA Finance professional who conducts comprehensive audit fieldwork accurately. If you want to strengthen audit frameworks within financial services, this role offers an ideal path.

Key Responsibilities

• Execute risk-based internal audit engagements covering operational, financial, and regulatory compliance domains.
• Perform end-to-end audit fieldwork, including control testing, sample selection, working paper preparation, and reporting.
• Identify control deficiencies, process inefficiencies, and statutory gaps while recommending practical corrective actions.
• Track and validate the timely implementation of management action plans and remediation commitments.
• Participate in fraud risk assessments and evaluate the effectiveness of fraud prevention and detection controls.
• Conduct branch operations and head office audits to verify adherence to corporate policies and IRDAI regulations.
• Utilize data analytics tools to analyze large transaction datasets, identify audit anomalies, and automate testing.
• Draft comprehensive audit reports and executive dashboards summarizing significant risk exposures for management.

Requirements and Qualifications

• Chartered Accountant (CA), CA Inter, MBA in Finance, CIA, or CISA certification.
• 5-8 Years of internal audit experience, with proven exposure to the Life Insurance or Financial Services industry.
• Deep understanding of internal control frameworks, corporate governance, and financial audit methodologies.
• Practical experience conducting operational process reviews, branch audits, and regulatory compliance evaluations.
• Strong analytical mindset, proficiency in data analytics audit tools, and excellent report-writing capabilities.