Job Description

Description

To provide support to the Head of Internal Audit in the development and delivery of the Annual Audit Plan and any additional work that might arise, including corporate governance reporting. Ultimately so that the Internal Audit function can provide independent and objective assurance to the Executive and Audit Committee, regarding the state of operations and risk / control environment of business operations managed or overseen by Asta, and both their managed and outsourced clients.

Asta's Internal Audit team are unique in the market, providing assurance both internally to Asta Managing Agency, Asta Underwriting Management Limited (our MGA book of business) and a portfolio of outsourced clients. This means our Audit Managers have unprecedented access to Senior Management and Audit Committees, enabling them to develop the skills required to become a Head of Internal Audit quickly and efficiently.

Key Responsibilities

Manage and / or perform internal audits in accordance with the Annual Audit Plan. This will involve interviewing staff and clients, gathering evidence, analysing processes and procedures and producing audit reports which clearly describe findings and associated recommendations. In line with professional internal audit standards. Assist in managing audits (end-to-end) being performed as part of the Annual Audit Plan by co-sourced partners - liaising with co-source providers, Asta Group employees and managed syndicates as necessary. Monitor the progress of agreed actions arising from finalised audits, to verify these have been implemented satisfactorily (and escalate potential issues to management where appropriate). Support the Head of Internal Audit in ensuring informative and timely reporting to both management and the various Audit Committee's which Internal Audit report into, on matters of governance, risk management and internal control. May be required to present and respond to Audit Committee, senior management and client queries. Support the Head of Internal Audit in maintaining the documented audit universe and drafting of an annual audit plan (that is aligned to the key risks and strategic priorities of the business). Support the Head of IA in maintaining and continuously improving the IA methodology and processes, including committee reporting. Co-operate with other managers involved in corporate governance, compliance and risk management functions to ensure effective coordination of all assurance functions both during the formulation of annual assurance plans and on an ongoing basis.

Skills, Knowledge & Expertise

Excellent oral and written communication skills (including reporting writing), with the ability to establish and maintain effective working relationships. Highly organised, including effective time management / planning skills. Good self-motivation and ability to be adaptable to a changing environment, with a willingness to get involved in whatever tasks need doing for the good of the team. Attention to detail, particularly when helping to prepare documents. Confidence to provide constructive criticism in the working environment, and to be able to back this up with objective analysis and recommendations. Excellent numerical skills, together with the ability to analyse, interpret and present complex data. Ability to identify wider issues in respect of matters arising by reference to knowledge of the business and the insurance market. Ability to adapt to the challenges of both the changing syndicate base managed by Asta and the surrounding business environment. Clear understanding of IIA Professional Standards and latest industry approaches and apply these to all audits. Demonstrable experience in the London insurance market, including Lloyd's syndicates is ideal, though not a requirement. Good level of commercial awareness, and previous exposure to working with other risk assurance teams, an advantage. Professional accountancy / audit qualification, desirable though not a requirement. Effective report writing skills and ability to communicate complex issues clearly and concisely in writing. IT (Microsoft Office) and the ability to adapt to the use of other appropriate IT tools as necessary.

About Asta

We are a specialist professional services and technology firm, working in partnership with leading insurance, highly regulated and global businesses.



We help our clients to manage risk, operate their core business processes, transform and grow. We deliver professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation & risk, customer experience, human capital, digital transformation & change management.



Our global team of more than 8,000 professionals operate across ten countries, including the UK & the U.S. Over the past ten years Davies has grown its annual revenues more than 20-fold, investing heavily in research & development, innovation & automation, colleague development, and client service. Today the group serves more than 1,500 insurance, financial services, public sector, and other highly regulated clients.