Executive Officer – Internal Audit

Job Description

Title: Executive Officer – Internal Audit

Company Name: Sunflower Life Insurance Company Ltd.

Vacancy: 3

Age: At least 25 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• 2 to 5 years
• The applicants should have experience in the following business area(s): Insurance

• Bachelor/Honors

• Minimum Bachelor's degree from a recognized university, preferably in Accounting, Finance, Business Administration, Management, Economics or a related discipline.

• Candidates pursuing or having professional qualifications such as CA (CC), ACCA, CMA, CIA, CISA or equivalent will receive preference.

• 2 to 5 years
• The applicants should have experience in the following business area(s): Insurance

• Age At least 25 years

• 2–5 years of relevant experience in Internal Audit, External Audit, Accounts, Finance, Compliance or Risk Management.

• Experience in the life insurance or financial services sector will be an added advantage.

• Fresh candidates with strong academic backgrounds and relevant professional qualifications may also be considered, depending on the Company's requirements.

Technical & Professional Competencies:

• Good understanding of internal audit, internal controls, risk management and corporate governance.

• Basic knowledge of life insurance operations, financial reporting and regulatory compliance.

• Ability to conduct audit testing, analyze transactions and identify control weaknesses.

• Strong analytical, problem-solving and investigative skills.

• Good knowledge of MS Office, particularly Excel and PowerPoint.

• Knowledge of audit software, data analytics or IT controls will be an advantage.

• Good written and verbal communication skills.

• Strong attention to detail and ability to prepare clear audit documentation and reports.

• High level of integrity, confidentiality, professional ethics and independence

We are looking for a motivated, analytical and detail-oriented professional to join our Internal Audit Department as Executive Officer – Internal Audit. The incumbent will assist in conducting risk-based audits, evaluating internal controls, identifying operational and financial risks, ensuring regulatory compliance and supporting the Company's efforts to strengthen governance and operational efficiency.

Job Responsibilities:

• Assist in preparing and executing the annual risk-based internal audit plan.

• Conduct audit assignments covering Head Office, branches, regional offices and operational functions.

• Review internal controls, policies, procedures and compliance with approved guidelines.

• Perform audits of key life insurance functions, including policy administration, underwriting, claims, premium collection, finance & accounts, investments, agency operations, customer service and procurement.

• Verify financial and operational transactions, supporting documents, records and reconciliations.

• Assess compliance with applicable insurance laws, regulatory directives, Company policies and procedures.

• Identify control weaknesses, operational risks, irregularities, process gaps and potential fraudulent activities.

• Perform audit testing, data analysis and sample verification and maintain proper audit working papers.

• Prepare audit observations and assist in preparing Internal Audit Reports with practical recommendations.

• Follow up on previous audit observations and monitor implementation of corrective actions.

• Assist in special audits, investigations and reviews as assigned by management or the Head of Internal Audit.

• Coordinate with relevant departments to obtain information and resolve audit queries.

• Assist in reviewing IT controls, system access, data integrity and technology-enabled insurance processes.

• Maintain confidentiality of sensitive financial, customer and Company information.

• Support the Internal Audit team in improving audit methodologies, checklists, working papers and reporting standards.

• Perform any other duties assigned by the Head of Internal Audit / competent authority.

• Attractive salary package (Negotiable based on experience and qualifications)

• Other benefits as per company policy