Senior Financial Auditor

About the role

The Senior Financial Auditor will plan, execute, and report financial and operational audits across insurance‑related business functions. The role requires strong experience in the insurance sector, in‑depth knowledge of UAE regulatory requirements, particularly those issued by the Central Bank of the UAE (CBUAE), and the ability to assess the effectiveness of internal controls, risk management processes, and governance frameworks.

Key responsibilities

• Develop and execute risk‑based internal audit plans covering finance, underwriting, claims, investments, reinsurance, actuarial, and operational functions.
• Conduct financial, compliance, operational, and regulatory audits in accordance with approved methodologies and professional standards.
• Evaluate the adequacy and effectiveness of internal controls and recommend improvements.
• Perform testing of financial transactions, accounting records, reconciliations, and regulatory reporting processes.
• Identify control weaknesses, financial risks, and process inefficiencies.
• Assess compliance with CBUAE insurance regulations, circulars, guidelines, and prudential requirements.
• Review financial statements and accounting practices to ensure IFRS and regulatory compliance.
• Evaluate capital adequacy, solvency, reserving practices, investment controls, and financial risk management processes.
• Prepare detailed audit reports highlighting findings, risk ratings, root causes, and recommendations.
• Present audit findings to senior management and audit committees and track remediation of audit findings.
• Support the internal audit function through data analytics, automated audit techniques, and advisory services on control design and governance.
• Mentor junior auditors and promote knowledge‑sharing initiatives.

Required profile

• Bachelor's degree in Accounting, Finance, Auditing, Economics, or a related field.
• Professional qualification such as CIA, CPA, ACCA, CA, CMA, CISA, or equivalent preferred.
• 5 – 10 years of relevant experience.