Audit Associate

At Asiacruit we connect top talent with forward-thinking organizations across industries. Our mission is to help businesses grow through smart strategic and people-focused solutions. We support companies by providing high-quality Philippine-based talent for local and global markets. If you are analytical detail-oriented and committed to maintaining the accuracy and integrity of financial information we invite you to apply.

We are seeking an Audit Associate to support audit accounting and financial reporting activities within the insurance and accounting industry. This role will assist with audit planning testing documentation account reconciliations financial statement reviews internal control evaluations and the preparation of audit workpapers and reports.

The ideal candidate has a strong foundation in accounting and auditing excellent attention to detail and the ability to analyze financial information and supporting documentation. This position will work closely with audit accounting finance insurance claims underwriting billing and operations teams to support accurate timely and compliant audit engagements.

• Assist with planning and executing financial operational compliance and internal control audit procedures.

• Review general ledger activity trial balances account schedules financial statements and supporting documentation.

• Perform audit testing for cash accounts receivable accounts payable premiums commissions claims reserves investments and other financial statement accounts.

• Prepare audit workpapers that clearly document procedures performed evidence obtained findings identified and conclusions reached.

• Conduct sample testing transaction testing analytical reviews confirmations and other audit procedures as assigned.

• Compare financial information to source documents accounting records policies contracts and applicable reporting requirements.

• Identify unusual transactions inconsistencies control gaps and potential financial reporting risks for review by senior team members.

• Assist with audits of insurance-related transactions including premiums commissions claims payments recoveries refunds policyholder balances and carrier settlements.

• Review policy billing claims underwriting and payment records for completeness accuracy and consistency.

• Test insurance receivables payables loss activity claims reserves commission calculations and policy-related accounting entries.

• Reconcile insurance subledgers carrier statements policy administration systems claims systems and general ledger accounts.

• Investigate discrepancies between accounting records operational reports policy records claims information and supporting documentation.

• Coordinate with accounting finance underwriting claims billing and operations teams to obtain information and resolve audit questions.

• Maintain accurate audit evidence and documentation for policyholders customers vendors carriers and other business partners.

• Assist with the review of balance sheets income statements cash flow information trial balances and financial statement disclosures.

• Perform account reconciliations and analyze reconciling items unusual balances aged items and significant fluctuations.

• Prepare account rollforwards lead schedules transaction summaries aging reports and other audit schedules.

• Support the review of journal entries accruals estimates reclassifications adjustments and period-end cutoff activities.

• Perform variance analysis and research changes in account balances financial ratios premiums claims expenses and other key metrics.

• Assist with month-end year-end statutory and regulatory reporting activities as assigned.

• Evaluate the design and operating effectiveness of accounting and operational controls.

• Document business processes control activities risks walkthroughs and test results.

• Assist with testing segregation of duties approval processes access controls reconciliations and review procedures.

• Identify control deficiencies process weaknesses compliance issues and opportunities for improvement.

• Support audits and reviews conducted in accordance with company policies professional standards applicable regulations and reporting requirements.

• Maintain confidentiality of financial customer policyholder claims employee and business information.

• Request organize index and review audit evidence and client-provided documentation.

• Follow up on outstanding information requests and communicate open items to appropriate team members.

• Prepare clear summaries of audit findings exceptions recommendations and unresolved issues.

• Assist with drafting management letters audit reports schedules and presentations.

• Maintain organized electronic files and ensure workpapers meet documentation and quality standards.

• Participate in audit status meetings team discussions client communications and process improvement initiatives.

• Support special projects financial investigations compliance reviews and other accounting or audit activities as assigned.

• Bachelors degree in Accounting Finance Business Administration or a related field.

• 1 year of experience in auditing accounting financial reporting internal controls or a related role.

• Working knowledge of accounting principles double-entry accounting general ledger activity and financial statements.

• Basic understanding of audit procedures audit evidence sampling reconciliations and internal controls.

• Basic understanding of insurance accounting transactions including premiums commissions claims reserves recoveries and policy-related payments.

• Proficiency with Microsoft Excel including formulas sorting filtering pivot tables and basic data analysis.

• Experience using accounting software audit platforms enterprise resource planning systems or financial reporting tools.

• Strong analytical skills and attention to detail when reviewing financial information and supporting documentation.

• Ability to organize workpapers manage multiple assignments and meet audit deadlines.

• Strong English communication skills both written and verbal.

• Ability to handle confidential information with discretion and professionalism.

• Experience in the insurance accounting public accounting financial services or professional services industry.

• Experience auditing insurance premiums claims commissions reserves carrier statements or policy-related transactions.

• Experience with audit and accounting software such as Caseware CCH QuickBooks NetSuite SAP Oracle Microsoft Dynamics or similar systems.

• Familiarity with U.S. Generally Accepted Accounting Principles (GAAP) International Financial Reporting Standards (IFRS) statutory accounting principles or insurance accounting practices.

• Experience with financial statement audits internal audits compliance reviews risk assessments or control testing.

• Progress toward CPA CIA CISA ACCA or another accounting audit or finance-related certification.

• Knowledge of audit documentation standards professional auditing standards or regulatory reporting requirements.

• Join a collaborative team supporting audit accounting and financial reporting operations for organizations in the insurance and financial services industries.

• Develop practical experience across financial audits insurance accounting internal controls reconciliations and compliance reviews.

• Build valuable technical and analytical skills through exposure to diverse audit engagements and business processes.

• Make a meaningful impact by helping organizations maintain accurate financial records effective controls and reliable reporting.

• Receive competitive compensation and opportunities for professional development and career growth.

• Work in a supportive international environment with exposure to cross-functional teams and industry professionals.