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Job Context: Federal Insurance PLC, a well-reputed Non-Life Insurance Company, is looking for an experienced, energetic, result-oriented, and self-motivated candidate to serve the Company as Head of Internal Audit.
Responsibilities:• Plan, execute, and lead comprehensive internal audit programs across the Head Office and all branch operations nationwide.
• Evaluate internal control systems, identify operational gaps, mitigate fraud risks, and ensure strict compliance with corporate governance policies and company service rules.
• Ensure all auditing processes strictly align with guidelines set by the Insurance Development and Regulatory Authority (IDRA), BSEC Corporate Governance Code, NBR, and the Insurance Act, 2010.
• Present detailed audit reports, key findings, risk assessments, and strategic recommendations directly to the Board Audit Committee and Senior Management.
• Conduct periodic financial, operational, underwriting, and claims settlement audits to prevent mismanagement and financial irregularities.
• Travel nationwide across branch offices as and when required.
• To prepare monthly activities report.
• Any other task assigned by the Management. |