Head of Internal Audit

Job Description

Title: Head of Internal Audit

Company Name: Sonali Life Insurance Company Limited

Vacancy: 1

Age: Na

Job Location: Dhaka (Malibagh)

Salary: Negotiable

Experience:

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

• Master’s degree/MBA in Accounting, Finance, or a related field.

• Partly qualified Chartered Accountant (CA Certificate Level Passed).

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

• Minimum of 10 years of professional experience in life insurance company auditing, with at least 5 years in a senior role.

• Extensive experience in the life insurance industry is mandatory.

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.

• Mobile bill,Provident fund,Weekly 2 holidays,Insurance,Gratuity
• Salary Review: Yearly
• Festival Bonus: 2