Head - Audit at an Insurance Company - Zephyr Consulting

Zephyr Consulting - Our client, an Insurance company in Lagos, is recruiting to fill the position below:

Job Title: Head - Audit

Location: Lagos
Employment Type: Full-time

Job Summary

• Our client is seeking a highly skilled and experienced Head of Audit to lead their internal audit function. 
• The ideal candidate must have a minimum of atleast 10 years of audit experience and possess a deep understanding of the insurance industry. 
• This role is responsible for ensuring compliance with regulatory standards, assessing internal controls, and providing strategic insights to enhance operational efficiency.

Key Responsibilities
Audit Strategy & Leadership:

• Develop and implement a risk-based audit plan aligned with organizational goals.
• Provide independent assurance on the effectiveness of governance, risk management, and internal control processes.
• Lead and mentor the internal audit team to ensure high-performance standards.

Internal Controls & Compliance:

• Assess and improve internal controls, ensuring compliance with insurance regulations and ICAN standards.
• Monitor adherence to financial reporting standards, regulatory guidelines, and corporate policies.
• Identify potential risks and recommend mitigation strategies to senior management.

Operational & Financial Audits:

• Conduct detailed audits of financial statements, operational processes, and IT systems.
• Analyze audit findings and provide actionable recommendations to enhance efficiency and effectiveness.
• Evaluate underwriting, claims processing, and investment portfolios for compliance and risk exposure.

Stakeholder Engagement & Reporting:

• Present audit reports to the Board of Directors, Audit Committee, and Senior Management.
• Provide insights and recommendations for improving financial and operational performance.
• Stay updated on emerging trends, IFRS, and regulatory changes impacting the insurance industry.

Key Requirements

• Minimum of 10 years of internal/external audit experience, with at least 5 years in a leadership role.
• ICAN certification is mandatory.
• Strong background in the insurance industry, with expertise in underwriting, claims management, and financial reporting.
• In-depth knowledge of risk assessment methodologies, IFRS, and regulatory frameworks (NAICOM, FRC, CBN, SEC, etc.).
• Proven ability to lead audit teams and drive process improvements.
• Excellent analytical, communication, and presentation skills.

Preferred Qualifications:

• Additional certifications will be an added advantage
• Experience working with ERP systems and audit tools.

Application Closing Date
20th March, 2025.

Method of Application
Interested and qualified candidates should submit their CVs to: zephyrconsultingservices@gmail.com using “Application – Head of Audit” as the subject of the mail.