Job Description
Role Overview: As an Internal Auditor, you will evaluate the adequacy and effectiveness of internal controls, ensure compliance with internal policies, processes, procedures, and applicable regulations. Your responsibilities will include compiling and performing system descriptions, audit procedures, and tests, obtaining and evaluating audit evidence, reporting audit findings, and making recommendations for improvements and cost reductions.
Key Responsibilities:
- Evaluate internal controls and compliance with policies and regulations.
- Compile system descriptions, audit procedures, and tests.
- Obtain, evaluate, and report audit evidence.
- Identify unsatisfactory conditions and recommend corrective actions.
- Improve operations and reduce costs.
- Command and control meetings with auditees.
- Work independently with minimal supervision.
Requirements:
- Three-year B.Comm Degree specializing in Internal Auditing/Auditing and Accounting.
- B.Comm Honours Degree in Internal Auditing and Accounting and/or CIA.
- Minimum of 4-5 years of internal auditing and/or accounting experience.
- Completed articles and hands-on accounting work experience.
- Internal Auditing and/or financial accounting experience within the Insurance or Financial Services industry.
- Intermediate proficiency in MS Office Suite (particularly MS Word and PowerPoint) and advanced MS Excel skills.
- Knowledge of TeamMate and Caseware IDEA software.
- Strong judgment, decision-making, and analytical skills.
- Ability to function independently and manage audits effectively.
About Other Insurance Jobs in Gauteng
The Other Insurance (OI) industry is a significant sector in Gauteng, South Africa, offering a range of career opportunities for professionals with the right skills and experience. Typically, OI roles are in demand across various industries, including financial services, technology, and manufacturing, as companies seek to manage and mitigate risks associated with their operations.
Generally, OI specialists in Gauteng can expect salaries that vary widely depending on factors such as level of experience, company size, and industry sector. While broad salary ranges cannot be provided due to the variable nature of these factors, it is common for experienced OI professionals to earn between R600 000 and R1 200 000 per annum, while entry-level roles may start at around R300 000 to R500 000 per annum. However, salaries can fluctuate depending on individual circumstances.
Common skills required for OI roles in Gauteng include expertise in financial management, risk analysis, data interpretation, communication, and project management. Other essential skills often include proficiency in insurance software, analytical thinking, problem-solving, and the ability to work under pressure. Many OI professionals also hold relevant certifications or degrees in fields such as actuarial science, business administration, or economics.
The financial services sector is a significant employer of OI professionals in Gauteng, with other industries such as technology and manufacturing also commonly hiring for these roles. Other sectors that may employ OI specialists include healthcare, construction, and logistics. In terms of career development, many OI professionals in Gauteng progress to senior roles within their current organisations or move into related fields such as risk management, auditing, or claims handling.
For those seeking a career in OI, it is essential to develop a broad range of skills and experience, often through formal education and training. Many OI professionals in Gauteng have pursued certifications such as the Fellow of the Institute of Actuaries (FIA) or the Chartered Insurance Practitioner (CIP). Building strong relationships with clients, colleagues, and stakeholders is also crucial for success in this field.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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