Smile Life Insurance Company Limited, a reputable Malawian based Life Insurance company, invites applications from suitably qualified individuals to fill the following position:

INTERNAL AUDITOR

Reporting to the Chairman of Audit Risk and Compliance Committee.

Location: Blantyre

Minimum Qualification and Experience Required

• Bachelor’s degree in Auditing, Accounting, Finance or a related field or a professional qualification in accounting or auditing i.e. Certified Internal Auditor (CIA)/ Association of Chartered Certified Accountants (ACCA),
• Minimum of 3 years practical working experience in internal or external audit that includes performing audits in a multi-cultural environment.
• Those with insurance background will have an added advantage.

Skills and Competencies Required

• Team player and ability to work independently with minimum supervision.
• Excellent oral and written communication skills and ability to communicate at all levels throughout the organization.
• Good understanding of the financial services industry, particularly Life Insurance, and Asset Management.
• Computer literacy proficiency (MS Office).
• Ability to analyze and synthesize data.

Duties & Responsibilities

• Participate in the preparation of risk-based annual audit plans for Smile Life Insurance Company.
• Document, evaluate and test systems and controls for all assigned audit engagements to determine their adequacy and effectiveness.
• Prepare internal audit reports for audit assignments.
• Maintain and keep up to date, documentation for all processes and procedures under audit.
• Evaluate the effectiveness of the risk management process by assessing risks and controls documented by the risk department and identifies and documents additional risks which may not be included.
• Evaluate the effectiveness of counter-terrorism anti-money laundering risk management processes.

• Prepare concise and well-organized working papers which accurately reflect the results of audit tests performed.
• Help build trust by verifying that the company’s operations are conducted with honesty, transparency, and compliance with internal and external regulations.
• Enhance the credibility and reliability of Smile Life Insurance company’s operations, financial statements, and reporting by providing an independent and objective assessment.
• Instill confidence in policyholders, shareholders, regulators, and other stakeholders that the company is operating with integrity and maintaining high standards of trust.
• Work closely with risk management and compliance officers to ensure that risks are appropriately managed, and that the company’s risk profile is within acceptable limits.
• Ensure compliance by assessing the adequacy of the company’s internal controls, policies, and procedures to meet regulatory requirement
• Any other duties as assigned by the Board.

Kindly send your combined application letter and CV in pdf to the email address below with three referees to:

The Chief Executive Officer
Smile Life Insurance
P.O. Box 1374
BLANTYRE
Email: smilelife@smilelifeinsurancemw.com

The closing date for receiving applications is 26th April, 2024.

Only shortlisted candidates will be acknowledged.