Audit Manager – Insurance

SUMMARY:
Provision of Audit Managerial services to a portfolio of insurance clients in the Financial Services Group division. Responsible for the execution of the risk-based audit approach and leading audit teams during the fieldwork. In addition, you will have the opportunity to provide a variety of non-assurance services to insurance clients as determined by the relevant insurance related regulations

POSITION INFO:

Job Responsibilities

• Actively driving the planning of the audit, as well as the actual fieldwork at interim and final, statutory audit and completion work
• Supervising, mentoring, and coaching junior staff including promoting audit quality
• Shows breadth and depth of technical and professional standards to run and support tasks within own team
• Managing partner involvement on audits, providing progress reports as required
• Manages different clients’ expectations, building relationships and involving other stakeholders in the firm
• Acting as the initial point of contact throughout the year for your clients
• Ensures commercially viable returns by managing the team to agreed targets
• Budgeting and monitoring the financial performance of engagements, focusing on optimising profitability
• Communicates increasingly complex information to a range of audiences using different media
• Regularly and enthusiastically communicating with senior clients on relevant industry matters
• Manages an environment that supports continuous learning and development, seeking feedback and development opportunities to develop
• Uses and actively builds upon client knowledge and networks to identify selling opportunities. Uses experience to improve the business
• Keeping up to date with company product and service offerings and identifying the sales opportunities that will help us grow our business
• Identifies new ideas and opportunities for business improvement. Ensures effective change happens and remains positive to change
• Forging and maintaining strong internal and external networks within the industry
• Analyses information from a variety of sources and solves non-routine problems where there may be no set procedure
• Communicating with clients and subject matter experts on technical matters relevant to the Insurance industry
• Defines performance expectations for the team, resolves difficult issues and situations that prevent the team from achieving its objectives
• Working on tenders and collaborating with the relevant independence team
• Supporting and driving the firm’s strategic initiatives

Competencies

Practice Management                  

Ability to ensure effective processes and procedures to plan work, manage debtors and budgets, allocate resources and manage work in progress.

Strategy

Ability to align performance to the strategic objectives of the Division to ensure long term organisational and individual success. Ability to demonstrate a broad-based view of issues and their wider implications.

Leadership

Ability to motivate employees by providing sound guidance, innovative direction and facilitating team participation in order to reach organisational goals.

Business Development

Developing growth opportunities for the firm. Creating of long-term value for customers, markets, and relationships.

Manage complexity

Ability to apply verbal and non-verbal skills in expressing ideas, feelings, opinions and conclusions so that all parties understand what is being communicated.

Persuasion/Networking (Building relationship)

Ability to create engaged clients by establishing and maintaining effective relationships

Problem solving and analytical skills

Ability to align performance to the strategic objectives of the Division to ensure long term organisational and individual success. Ability to demonstrate a broad-based view of issues and their wider implications.

Knowledge of Insurance related regulation, IFRS Principles:

Apply in-depth knowledge of accounting theories and principles and financial systems design.  Recognize complex and unique issues and develop resolution and/or consult with leadership in order to achieve resolution; consistently serve as a technical resource.  

Governance, Risk and Control

Examine and analyse complex financial statements. Institute changes based on findings. Recommend actions or alternatives to be taken by management when accounting data discloses unfavourable trends or deviations or financial mismanagement. Manages project financials, including budgets, WIPS, timely billing, collection and variance recognition.

Decision Making, Problem Solving:

Independently resolve and/or develop recommendations for unprecedented, complex issues and problems.  Serve as a resource for others in resolving unprecedented, non-standard issues and problems.  Anticipate problems and develop recommendations for resolution.

Communication:

Convey concise, comprehensive, and accurate findings on matters of a complex nature in written form.  Conclusions and recommendations are based on professional knowledge and judgment. May consult and/or negotiate with Director body/external entities for the purpose of funding levels, cost allocations, or related financial issues

Qualifications

 CA(SA)

Experience

• 3+ years (post articles) of external audit experience of which 3 years spent on managing external audits, ideally with exposure to financial services and insurance sectors. Working Knowledge of IFRS, particular IFRS 4, IFRS 9 and IFRS 17.
• 3 years’ experience in auditing insurance returns required by the Prudential Authority.

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