PHI - Lead- Internal Audit
PHI - Lead- Internal Audit
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Job Description
Prudentials purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured for our people customers and partners. We provide a platform for our people to do their best work and make an impact to the business and we support our peoples career ambitions. We pledge to make Prudential a place where you can Connect Grow and Succeed.
PHI Lead Internal Audit
Prudential (UK) in partnership with the HCL group plans to set-up a standalone Indian health insurance company to address the growing healthcare needs of the Indian consumer.
This joint venture will combine Prudentials global expertise in insurance and financial services with HCL Groups experience in technology and healthcare solutions.
Prudential with its longstanding presence in India already operates two leading businesses in life insurance and asset management with the ICICI Group. Prudential was also the proud sponsor of the 1983 Cricket World Cup Indias first World Cup Victory!
Prudential Health India is a Zero to One team undertaking a no-legacy greenfield health insurance deployment in India building journeys that truly empathize with the customer and offer a differentiated experience.
To partner with us in this mission we are looking for a dynamic and Risk Manager to ensure the efficient and seamless operation of the Risk Department and plays a crucial role in identifying assessing and mitigating risks in the organization.
Reporting to CFO
Location: Mumbai
The Lead Internal Audit role in a start-up health insurance company requires a strategic audit professional responsible for establishing and leading the internal audit function developing audit strategies conducting risk-based audits and reporting findings to the Audit Committee and senior management. This role requires a seasoned audit professional with deep experience in insurance regulatory compliance and enterprise risk management.
Key Responsibilities
- Develop and implement a comprehensive internal audit strategy and annual audit plan aligned with business objectives and regulatory requirements
- Conduct risk-based audits across financial operational IT and compliance areas to assess adequacy of controls and identify improvement opportunities
- Ensure compliance with IRDAI guidelines internal policies and applicable laws and regulations
- Prepare and present audit reports to the Audit Committee and senior leadership with clear findings recommendations and action plans
- Monitor implementation of audit recommendations and track remediation progress
- Collaborate with external auditors regulators and internal stakeholders to ensure audit readiness and transparency
- Lead investigations into fraud misconduct or control breaches and support disciplinary or legal actions as needed
- Maintain documentation and audit trails in accordance with professional standards
- Build and manage a high-performing internal audit team with strong technical and ethical capabilities
- Stay updated on emerging risks regulatory changes and best practices in internal audit and risk management
Qualification & Experience
- CA/ICWA qualification with expertise in Indian GAAP IFRS and IRDA frameworks.
- 8-12 years of experience in finance and accounting / Auditing within the health insurance industry.
- Strong knowledge of internal audit standards IRDAI regulations and insurance operations
- Familiarity with audit tools data analytics and governance frameworks
Skills
- High attention to detail and accuracy
- Strong analytical and problem-solving skills
- Excellent communication and stakeholder management abilities
- Ability to lead teams and manage multiple priorities under tight deadlines
What we offer
- Globally integrated culture
- Career development opportunities for professional growth and development including training and mentorship programs
- Collaborative and mission-driven work culture
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex race age ethnic origin educational social and cultural background marital status pregnancy and maternity religion or belief disability or part-time / fixed-term work or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
Employment Type
Full-Time
