Group Audit Senior Manager: Financial Services – Insurance Audit(Cape Town)) at KPMG South Africa

Description of the role and purpose of the job:

• The Financial Services Audit division provides audit services to the largest insurance clients in South Africa, including components of international insurers.  Group senior managers are required to guide, manage and oversee the planning, staffing and supervision of group audits of a large insurance clients.  We aim to provide clients with audits of the highest quality that add value to their business.

Key responsibilities:

• Manage and oversee the planning and running of a large group audit of an insurer
• Compiling group audit instructions and determining group scoping and materiality levels
• Engagement with group components/fellow joint auditor with respect to cross reviews/ISA 600 responsibilities on audit matters.  This will include liaison with international component auditors
• Liaise with specialists regarding their involvement and scope on the engagement and determining the impact on the audit approach of any findings they might raise
• Provide technical, audit operational, and audit quality leadership with a focus on professional scepticism
• Presenting audit findings relating to the respective engagement to clients as well as assisting with audit committee document submission.
• Management of staff with respect to equitable planning of resources and ensuring that teams are adequately transformed
• Demonstrate a strong tone and culture supporting audit quality through a commitment to maintain objectivity, professional scepticism, ethics and integrity.
• Have the operational accountability and responsibility to drive audit quality in response to the needs of stakeholders and external regulators
• Reviewing the work performed by junior resources to ensure that the various audit risk factors have been accurately addressed and documented
• Take commercial and contractual responsibility for managing group engagement billings, collections and identification of overrun opportunities
   

Skills and attributes required for the role:

• Deep understanding of group audit requirements in terms of ISA 600
• Deep understanding of the risks within an insurance environment
• Good organisation skills
• Able to see the bigger picture
• Strong leader
• Team player
• Ability to work under pressure
• Good communication (verbal and written) and interpersonal skills
• eAudIT and Clara knowledge
• Up to date with insurance accounting, insurance industry knowledge and processes, auditing standards and global best practice templates
• Enthusiasm, individual initiative and self-drive

Minimum requirements to apply for the role (including qualifications and experience):

• CA (SA) or equivalent qualification, and has at least three years of experience since completion of training contract.
• Experience in group audits with the emphasis on insurance clients.