DUA Audit Manager
DUA Audit Manager
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Job Description
With a company culture rooted in collaboration expertise and innovation we aim to promote progress and inspire our clients employees investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short We Enable Possibility.
Please find attached job hire form. This provides the job description
Role Summary and purpose:
Provide objective analysis of financial operational and risk management processes by organising and overseeing Delegated Authority Audits. This individual will interact with executives and officers across the businesses and will report to the Delegated Underwriting Manager. This position is based in London.
Key tasks and responsibilities:
- To ensure Arch has an audit strategy that includes delegated underwriting technical reviews and operational audits of third parties that support the delegated underwriting process.
- Organise Pre-Inception Audits as Arch is presented with new opportunities on new relationships and/or to extend existing operations.
- Provide actionable feedback to the Underwriting and Compliance teams and business partners based on the outcome of the reviews undertaken.
- Maintain the Delegated Authority audit and review schedules ensuring participation in Lloyds co-ordinated audit activities.
- Maintain audit and review recommendations and follow up on remediation actions as required to ensure compliance with recommendations.
- Ensure audits are managed and conducted in a competent thorough and professional manner.
- Ensure that audit reports are produced following each audit in a clear concise and timely manner for consideration by senior management.
- Establish and maintain effective working relationship with colleagues business partners and relevant stakeholders.
- Provide general assurance to the business with respect to delegated business.
- To produce and present summary papers for consideration at the governance committees (including the quarterly delegated committee syndicate management committees ans Audit committee)
General Duties and Tasks:
- To plan organise and manage the output of audit reviews as per the Audit and Schedule.
- To identify any risks arising from Delegated Authority Audits carried out and ensure appropriate remedial action is communicated and taken to address them.
- To report and make recommendations on the systems and procedures being reviewed monitor managements response and facilitate implementation.
- To maintain the Audit and Product Review Tracker in accordance with the guidelines set.
- Conduct annual audit planning and reporting to the audit committee.
- Work alongside other business units or external resources on specialist ad hoc audit projects.
- To act as a point of contact for DUA on the integration of Coverholder data into the VIPR Intarga Product
Experience requirements and skills:
- Five or more years of combined audit and finance experience with a property/casualty insurance and/or reinsurance organization or public accounting firm.
- A strong desire to add value and succeed as a member of the Internal Audit Services team and the ability to assume increased responsibilities within a dynamic and growing organization.
- Highly effective interpersonal & communication skills with the ability to function in a team environment.
- Knowledge of Lloyds structure and policies in delegated underwriting.
- Understanding of Conduct Risk regulations and their application to the product review process.
- Excellent communications skills both verbal and written.
- Demonstrated project management skills.
- Ability to analyse documents for completeness and exceptions.
- Ability to review financial statements claims information and business plans identifying areas of concern and for further investigation
- An Experienced auditor with insurance background would be desirable but not essential.
Do you like solving complex business problems working with talented colleagues and have an innovative mindset Arch may be a great fit for you. If this job isnt the right fit but youre interested in working for Arch create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Archs Talent Acquisition team.
14101 Arch Europe Insurance Services LtdRequired Experience:
Manager
Employment Type
Full-Time
