Profile - Executive/ Sr. Executive/ Assistant Manager / Deputy Manager- Internal Audit

Location- Corporate Office, Jaipur

Nature- On Roll

Experience -

Junior Level: 1–3 years of experience in Internal Audit, Operations, Underwriting, Claims, or Compliance.

Middle Level: 3–7 years of experience in Internal Audit, preferably in General Insurance.

Salary Range – As per Industry Norms.

Educational Qualifications

CA Inter / CA / CMA / MBA (Finance/Insurance) / B.Com / BSc./ M.Com.

Qualified certifications such as CIA, CISA, CFE, or Insurance-related qualifications will be preferred.

To assist in conducting risk-based internal audits across various functions of the General Insurance business, including underwriting, claims, finance, operations, IT, HR, compliance, and branch operations, and to ensure adherence to internal policies, regulatory requirements, and industry best practices.

Key Responsibilities

1. Audit Execution

Conduct audits as per the approved annual audit plan.

Perform process walkthroughs and document understanding of business processes.

Test internal controls and identify control gaps.

Verify compliance with company policies, IRDAI regulations, SOPs, and delegated authorities.

Execute sample-based transaction testing and data analysis.

2. Underwriting Audits

Review underwriting decisions for compliance with underwriting guidelines.

Verify premium calculations, discounts, loadings, and policy issuance controls.

Identify instances of policy deviations and exceptions.

3. Claims Audits

Review motor, health, and other claims for compliance with claim settlement procedures.

Verify claim approvals, reserves, recoveries, repudiations, and fraud controls.





Assess claim leakage and operational efficiency.

4. Branch Audits

Conduct branch audits across PAN India locations.

Review operational controls, customer servicing, cash handling (if applicable), and document management.

Verify compliance with statutory and regulatory requirements.

5. Compliance & Risk Management

Monitor compliance with IRDAI guidelines and internal policies.

Assist in risk assessment and control evaluation exercises.

Track implementation of audit recommendations.

6. Audit Reporting

Prepare audit observations with supporting evidence.

Draft audit reports highlighting risks, root causes, and recommendations.

Follow up on closure of audit findings.

7. Data Analytics

Analyze large datasets to identify unusual trends and exceptions.

Support continuous auditing and monitoring initiatives.

Prepare MIS and audit dashboards.

Required Skills

- Knowledge of General Insurance products and processes.
- Understanding of underwriting and claims operations.
- Awareness of IRDAI regulations and compliance requirements.
- Strong analytical and report-writing skills.
- Good communication and stakeholder management abilities.
- Proficiency in MS Excel, PowerPoint, and audit documentation.
- Ability to travel for branch audits across India.
- Key Performance Indicators (KPIs)
- Timely completion of audit assignments.
- Quality of audit observations and recommendations.
- Closure rate of audit findings.
- Compliance coverage achieved.
- Accuracy and completeness of audit documentation.
- Contribution to process improvements and risk mitigation.
- Internal Audit / Risk Consulting firms handling insurance clients

📌 Internal Auditor (Jaipur)
🏢 SHRIRAM GENERAL INSURANCE CO.
📍 Jaipur