Head of Internal Audit

Job Description

Title: Head of Internal Audit

Company Name: Sonali Life Insurance Company Limited

Vacancy: 1

Location: Dhaka (Malibagh)

Salary: Negotiable

Experience:
∎ At least 10 years
∎ The applicants should have experience in the following business area(s):Insurance

Published: 24 Mar 2025

Education:
∎ M.Com/MBA in Accounting or Finance from a reputed public university.
∎ Qualified Chartered Accountant (ACA/FCA) is mandatory.
∎ Minimum 5 years of experience in the audit department of a life insurance company.
∎ M.Com/MBA in Accounting or Finance from a reputed public university.
∎ Qualified Chartered Accountant (ACA/FCA) is mandatory.
∎ Minimum 5 years of experience in the audit department of a life insurance company.

Requirements:

Additional Requirements:
∎ Must have proven experience in the life insurance industry.
∎ At least 5 years of experience in a senior audit role.
∎ Must have proven experience in the life insurance industry.
∎ At least 5 years of experience in a senior audit role.

Responsibilities & Context:
∎ Preparation of audit plan and Design audit program for every assignment based on plan.
∎ Review effectiveness and efficiency of internal control system and implement corrective action.
∎ Manage a team of auditors and review their works and providing guideline.
∎ Department-wise process review and gap analysis
∎ Any other task assigned by the top management
∎ Preparation of Monthly & Yearly budget so that the company can control expenses.
∎ Monitoring & controlling the budget as if company spends does not exceed the amount make by budget.
∎ Budget variance with actual expenses at the month & year end.
∎ Analysis the budget variance to find out the reason for variance.
∎ Managing and overseeing the daily operations of the Accounts & Finance department.
∎ Monitoring and analyzing accounting data and produce financial reports or statements.
∎ Establishing and enforcing pr
∎ oper accounting methods, policies and principles.
∎ Ensure of compliance of book keeping system with standard to enforce transparency in organizations.
∎ Provide accurate/ reliable information about its accounts to shareholders/ management or to regulatory authorities.
∎ Keeping records, verifying, and reporting the value of a company's assets, liabilities, debts, revenue and expenses.
∎ Fund Management activities.
∎ Bank-related activities.
∎ Control Audit:
∎ Preparation of audit plan and Design audit program for every assignment based on plan.
∎ Review effectiveness and efficiency of internal control system and implement corrective action.
∎ Manage a team of auditors and review their works and providing guideline.
∎ Department-wise process review and gap analysis
∎ Any other task assigned by the top management
∎ Budget & Budgetary Control:
∎ Preparation of Monthly & Yearly budget so that the company can control expenses.
∎ Monitoring & controlling the budget as if company spends does not exceed the amount make by budget.
∎ Budget variance with actual expenses at the month & year end.
∎ Analysis the budget variance to find out the reason for variance.
∎ Compliance of Book Keeping System with Standards:
∎ Managing and overseeing the daily operations of the Accounts & Finance department.
∎ Monitoring and analyzing accounting data and produce financial reports or statements.
∎ Establishing and enforcing pr
∎ oper accounting methods, policies and principles.
∎ Ensure of compliance of book keeping system with standard to enforce transparency in organizations.
∎ Provide accurate/ reliable information about its accounts to shareholders/ management or to regulatory authorities.
∎ Keeping records, verifying, and reporting the value of a company's assets, liabilities, debts, revenue and expenses.
∎ Fund Management activities.
∎ Bank-related activities.

Skills & Expertise:

Compensation & Other Benefits:
∎ Mobile bill, Provident fund, Weekly 2 holidays, Insurance, Gratuity
∎ Salary Review: Yearly
∎ Festival Bonus: 2

Workplace:
∎ Work at office

Employment Status: Full Time

Job Location: Dhaka (Malibagh)

Apply Procedure:

Email your CV:
∎ Send your CV to the given email [email protected] or Email your CV from My Bdjobs account

Company Information:
∎ Sonali Life Insurance Company Limited
∎ 68/B, DIT Road, Malibag Chowdhurypara, Dhaka-1219
∎ Life Insurance

Address::
∎ 68/B, DIT Road, Malibag Chowdhurypara, Dhaka-1219
∎ Life Insurance

Read Before Apply: Please apply only who are fulfilling all the requirements of this job

Application Deadline: 12 Apr 2025

Category: Bank/Non-Bank Fin. Institution