Internal Audit Manager

5w1 month ago

Davies

London, GB · Full-time · £80,000 – £110,000

About this role

To provide support to the Head of Internal Audit in the development and delivery of the Annual Audit Plan and any additional work, including corporate governance reporting. The role ensures the Internal Audit function delivers independent and objective assurance to the Executive and Audit Committee on operations and risk/control environment. This covers business operations managed or overseen by Asta and their clients.

Manage and perform internal audits per the Annual Audit Plan, involving interviewing staff and clients, gathering evidence, analysing processes, and producing reports with findings and recommendations in line with professional standards. Assist in managing co-sourced audits by liaising with providers, employees, and syndicates. Monitor progress of agreed actions from audits and escalate issues as needed.

Asta’s Internal Audit team is unique, providing assurance to Asta Managing Agency, Asta Underwriting Management Limited, and outsourced clients. Audit Managers gain unprecedented access to Senior Management and Audit Committees. This enables quick development of skills required for advancement.

Support reporting to management and Audit Committees on governance, risk management, and internal control, including presenting and responding to queries. Help maintain the audit universe, draft the annual plan aligned to key risks, and improve IA methodology and processes. Co-operate with governance, compliance, and risk functions for coordinated assurance.

Requirements

Clear understanding of IIA Professional Standards and latest industry approaches, applied to all audits
Demonstrable experience in the London insurance market, including Lloyd’s syndicates (ideal, though not required)
Good level of commercial awareness and previous exposure to working with other risk assurance teams (advantage)
Professional accountancy/audit qualification (desirable though not required)
Effective report writing skills and ability to communicate complex issues clearly and concisely
IT proficiency (Microsoft Office) and ability to adapt to other appropriate IT tools

Responsibilities

Manage and/or perform internal audits in accordance with the Annual Audit Plan, interviewing staff and clients, gathering evidence, analysing processes and producing reports with findings and recommendations
Assist in managing end-to-end audits performed by co-sourced partners, liaising with providers, Asta Group employees and managed syndicates
Monitor progress of agreed actions from finalised audits to verify implementation and escalate issues to management
Support the Head of Internal Audit in informative and timely reporting to management and Audit Committees on governance, risk management and internal control
Present and respond to Audit Committee, senior management and client queries
Support maintaining the documented audit universe and drafting the annual audit plan aligned to key risks and strategic priorities
Support maintaining and improving IA methodology, processes and committee reporting
Co-operate with managers in corporate governance, compliance and risk management for effective coordination of assurance functions

Benefits

Flexible working
Strong family-friendly policies
Exceptional rewards
Supportive, inclusive environment focused on wellbeing, career development and financial future