Purpose of the Job:
GlLCO Group is seeking the services of qualified, hardworking, and experienced individuals for the position of an Audit Manager. The Audit Manager provides independent assurance on the effectiveness of internal controls, risk management, governance, and compliance within GLICO Life and GLICO General. The role involves overseeing risk-based audits and supporting the Head of IC&C in strengthening the audit function according to Group policies and regulatory standards. The following are the responsibilities and qualifications for the position;
Key Responsibilities
i. Audit Planning & Risk Assessment: Support annual risk-based audit plans and conduct comprehensive risk assessments of business units to prioritize high-risk areas
ii. Audit Execution: Supervise audit assignments from initiation to completion, ensuring alignment with professional standards (BA) and documenting control weaknesses or fraud risks.
iii. Reporting & Follow-Up: Prepare high-quality audit reports for Senior Management and the Audit Committee; monitor and validate the implementation of corrective measures.
iv. Stakeholder Engagement: Liaise with External Auditors and Regulators (NIC) while providing advisory support to Management on risk and governance without compromising independence.
v. People Management: Mentor and coach audit officers, identifying training needs to build a high-performing team.
vi. Compliance & Innovation: Ensure compliance with statutory requirements and promote technology-driven solutions like data analytics (ACL Power BI).
Knowledge/Skills/Abilities/Competencies
i. Excellent investigative and problem-solving skills.
ii. Proven ability to coach, manage teams, and handle multiple priorities under pressure.
iii. Exceptional report writing and verbal communication skills.
iv. High level of objectivity and professional judgment.
v. Proficiency in Microsoft Office Suite and audit/data analytics software.
Education/Training/Experience
i. Bachelor's or Master's Degree in Accounting, Finance, Audit, or Risk Management.
ii. Professional certification, such as ICA, ACCA, or CISA, is mandatory
iii. 5-7 years in auditing, with at least 3 years in a managerial role, preferably within insurance or financial services.
iv. Strong understanding of insurance operations, NIC regulations, IFRS, and risk-based audit methodologies.
Key Result Areas
i. Timely completion of the annual audit plan.
ii. Percentage of audit recommendations successfully implemented within agreed timelines.
iii. Reduction in recurring audit exceptions and improved regulatory compliance.
iv. Evidence of professional development and performance improvement within the audit staff.