Internal Auditor - Assistant Manager/ Deputy Manager

Prudential Process Management India Private Limited
  • Mumbai
  • 12-15 lakh
  • 2-10 years
  • 30 Apr 2015

  • Audit and Assurance

  • Insurance, Financial Services/ Capital Markets
Job Description

Reports to - Manager IA Mumbai for day to day management

Key departments / areas of responsibility :

IA-Group wide Internal Audit function

Overall Job Purpose :

To carry out Internal Audit engagements for PPMS Mumbai and other parts of the group in support capacity under the supervision and guidance of BU Lead auditors/ Audit Managers within GwIA.

Key Account-abilities and Responsibilities :

To work under the direct supervision and guidance of the Director IA and Manager IA to generally achieve the following mainly for PPMS and for GWIA function:

Internal audit

* Deliver IA reviews of consistently high quality.


* Being able to properly assimilate the information provided by the Lead Auditor from the Planning phase of the audit.
* The Auditor should be able to understand the business background of the area being audited; and their role in the audit assignment.
* It may be necessary from time to time, for the Auditor to assist the Lead Auditor and Audit Manager in conducting the planning phase of the audit.
* Document the key processes and associated controls being examined in the audit. This will involve the use of flowcharts where necessary.


* The Auditor should assist the Lead Auditor in completing a control and risk assessment matrix following their documentation of the systems and processes being reviewed and preparation of a test programme.
* The Auditor should test that the controls identified in the risk assessment exercise are operating effectively in accordance with the test programme.
* Address any review points raised by the Lead Auditor/ Manager and QA team.


* Support the lead auditor in drafting audit conclusions based on control and risk evaluation and associated testing. Practical recommendations for any remedial action should be made.
* Populate Teammate with planning, fieldwork and reporting material
* Assist the Lead Auditor and Audit Manager in discussing and finalizing the findings and actions with the management responsible for the activities being audited.

* Issue Assurance

* Document Issue Assurance workpapers on Team Central
* Promote GwIA and the service it provides by building strong and effective working relationships with business colleague, other IA staff and external auditors.
* Adhere to the various policies, procedures, guidelines, including timely completion of various activities such as mandatory CBTs, time sheets, expense statements, leave requests, etc.
* Work with minimum supervision
* Maintain domain expertise

This job will involve significant travel outside India.

Competence / Knowledge / Skills required:

Qualification & Certifications:

* Chartered Accountancy/CPA/CIMA/MBA/CFA/Post graduate qualification
* Certifications such as CISA, FRM, CIA would be beneficial
* At least 2+ years of work experience
* Good knowledge of COSO framework

Technical Actuarial Qualifications and knowledge (for actuarial auditors only)

* At least 2+ years of relevant actuarial work experience based on Life, General, Pensions or Health
* Should have cleared 5 to 9 Actuarial papers
* Should have worked on a variety of actuarial processes during his/her tenure (for eg. Pricing, valuation, product support, etc.)
* Good understanding and knowledge of Actuarial modelling techniques
* Good understanding and knowledge of actuarial tools, techniques and procedures (including control frameworks for actuarial processes)
* Ability to interpret simple and complex actuarial formulae
* Awareness of reporting and regulatory requirements relevant to Prudential Group (Atleast one of Solvency 2, Embedded Value, Statutory and Realistic Reporting)

IT qualifications and knowledge (for IT auditors only)

* MCA / B.E. / B. Tech. / MBA or other professional IT qualification
* At least 2+ years post qualification experience in IT Audits/IT Security
* Additional professional certification such as CISA, DISA, etc. is beneficial
* Good knowledge of COBIT framework

Technical qualifications and Certifications (for Risk auditors only)

* Chartered Accountancy/CPA/CIMA/MBA/CFA/Post graduate qualification
* Certifications such as CISA, FRM, CIA would be beneficial
* At least 2+ years of work experience


* Ability to grasp issues and learn new concepts quickly
* Proficient with MS Office applications
* Ability to plan and deliver work assigned in an organized manner
* Take responsibility for own work and assigned areas
* Focused on delivery and quality
* Work on identified development areas to improve further
* Integrity
* Proactive in managing own utilization
* Self-motivated
* Acts promptly to resolve stakeholder requests or problems
* Responds positively to changes within the
* team, structure and process
* Problem / Issue Identification
* Inquisitive
* Logical and Structured thought process
* Good written and verbal communication skills
* Get point across clearly
* Creates accurate and clear e mails and work papers covering simple areas
* Team player - Works co-operatively with others in own team to achieve team goals
* Flexes own style and approach to "fit in" with other colleagues in own area
* Articulates a point of view, persuasively and credibly


* Good team player
* High on integrity
* Demonstrates ethical behavior
* Orientation to timely delivery of work to a professional standard
* Pragmatic approach
* Willingness to travel extensively
* Commercial orientation

Job location - Powai

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