Internal Audit Internship - 12 Month Contract at OUTsurance

Job Description

Purpose:

• The purpose of the role is to gain experience in conducting governance, financial and operational process audits on the various business areas within the Group.

What you get OUT:

• The Intern will work closely with other more experienced auditors within the team, who will be there to provide the necessary guidance to facilitate audit deliverables and professional growth. There will also be direct interaction with Internal Audit and Operational Management, to offer the best opportunity for exposure to the profession and insurance industry.

Potential areas of exposure include:

• Conducting preliminary surveys to obtain an understanding of the area and processes under review, to establish the scope of the audit. This includes risk analysis, audit program design, documentation of process flows, etc.;
• Performing of audit fieldwork in accordance with the audit program;
• Populating working papers with good quality planning, fieldwork, and reporting material issues on a timely basis;
• Liaising effectively with Audit Management and the team;
• Liaising effectively with clients at departmental level to ensure efficient completion of individual reviews, exhibiting appropriate soft skills;
• Carrying out debriefs with department managers to communicate the results of the internal audit reviews and ensuring that the scale and scope of the deliverables resulting from audit recommendations are adequately understood; and
• The drafting of the audit report, highlighting the relevant control weaknesses, risks, and recommendations, including management’s comments on the findings.

Desired skills that the Intern wants to develop:

• Communication (written & verbal) and interpersonal skills;
• Professional/specialist/technical expertise;
• Analytical and problem-solving abilities;
• Report Writing Skills;
• Planning and organisation/work management;
• Understanding of the insurance industry; and
• Practical experience within internal audit processes and the application of the IIA Standards and best practice.

Expectations of the Intern:

• The ability to take responsibility and show initiative;
• Adherence to principles and values of the profession and the company;
• Eagerness to learn from Audit staff, including completing delegated tasks;
• Quality and detail orientation;
• Enthusiastic and passionate about the job and the company;
• Teamwork/Collaboration; and
• Adaptability.

Qualifications

• 3/4 year degree/diploma or equivalent in Internal Audit; or
• Internal Audit Honors.