Audit Manager

Established in Asia in 2013, FWD is the insurance business of investment group, Pacific Century Group, and spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan and Malaysia, offering life and medical insurance, general insurance, employee benefits, Shariah and Family Takaful products across a number of its markets.

In Singapore, FWD aims to change the way people feel about insurance by leveraging technology to deliver products and services that are relevant, easy to understand and always convenient for our customers. To this end, we have a direct-to-consumer (DTC) platform that allows customers to buy their preferred life and general insurance products directly from our website; as well as a network of preferred Financial Advisory (FA) firms for customers who want to speak with an advisor before committing to an insurance plan. Whatever their preference, we believe insurance should be simple, reliable and convenient.

Similarly, if you are looking for a career where you can create a real impact and celebrate living, we invite you to join us on our exciting journey.

PURPOSE

The audit manager will support the Head of Internal Audit in planning, organising and executing audits for the FWD Singapore to provide management, Group and the Audit Committee with an objective, independent assessment of the internal control systems. The audit manager will also support the Head of Internal Audit in managing reporting to Audit Committee and management.

KEY ACCOUNTAIBILITIES- Supports the Head of IA in planning performing all audit activities (including Group Internal Audit initiatives) in the Company in a quality and timely manner- Supports or leads the audit projects in the audit plan in a quality and timely manner to ensure compliance with Group Internal Audit Methodology. This includes:
- (a) developing the objectives, scope and timeline of audit projects with agreement from management- (b) meeting management to walkthrough the relevant processes and controls- (c) identifying the key risks and controls to be assessed- (d) assessing the design and operating effectiveness of the key controls identified to mitigate the key risks; assessing the root causes, risks, impact and remediation actions of the observations identified and documented in the audit report, with agreement and buy-in from management- Follow up with management on remediation actions arising from audit projects, including proper and timely verification of the remediation actions to ensure the risks are addressed effectively in a timely manner- Supports the Head of Internal Audit to design and develop a comprehensive and relevant risk-based audit plan for the Company, with regular assessment to ensure the audit plan for the Company remains relevant to provide assurance to the key risks in line with the Company’s strategic objectives- Maintenance of strong management relationships through regular engagement to provide management with updates, insights and foresights on the Company control environment and to obtain latest business strategy and information which may influence the audit plan and audit projects- Supports the preparation of the quarterly Internal Audit updates to the Audit Committee with insight and assurance provided

QUALIFICATIONS / EXPERIENCE- Bachelor’s degree holder in accounting, finance or equivalent- Minimum 6 - 8 years of experience in audit, preferably with experience in the insurance industry- Experience with internal control financial reporting- Charted Accountant, Certified Public Accountant, Certified Internal Auditor or other related professional certification

KNOWLEDGE, SKILLS & ABILITY- Strong written and verbal communication skills, with confidence to engage and influence senior management to achieve the desired outcomes- Collaborator and team player who is enthusiastic, motivated and detailed oriented- Good knowledge of life insurance