Permanent Internal Auditor – Non Life Insurance | Absa Vacancies
Job Description
Absa Vacancies – Internal Auditor – Non Life Insurance
Location: Johannesburg, Gauteng
Company: Absa
Job Type: Permanent
Job Sector: Finance & Insurance
Internal Auditor – Non-Life Insurance
Empowering Africa’s tomorrow, together…one story at a time.
With over 100 years of rich history and a strong position as a local bank with regional and international expertise, a career with Absa offers the opportunity to be part of an exciting growth journey, shaping our future as a proudly African group.
Job Summary
The Absa Financial Services (AFS) Insurance Group Internal Audit team is seeking a detail-oriented professional with a strong interest in the insurance industry, particularly non-life insurance. This role provides insight into Absa’s bancassurance strategy and operations, covering short-term insurance products and broader financial services. The fast-paced and dynamic insurance environment offers extensive learning and career growth opportunities.
Job Description
As an Internal Auditor – Non-Life Insurance, you will monitor the business risk profile and execute audit assignments in line with the Group Audit Plan, Internal Audit Methodology, and regulatory standards. A solid understanding of banking is essential to support Absa’s bancassurance strategy, including cross-selling insurance products alongside secured lending (home loans, vehicle, and asset finance). The ideal candidate should be adept at analyzing large datasets, managing multiple stakeholders, and communicating effectively.
This role is ideal for professionals seeking to enhance their bancassurance and internal audit experience in a dynamic risk-based environment.
Key Responsibilities
Audit Planning
- Participate in the 6+6 audit planning cycle, providing input based on risk assessments, business strategy, and material risks.
Assurance
- Develop an in-depth understanding of Absa’s business areas to execute assurance responsibilities.
- Engage in all audit phases: planning, fieldwork, and reporting.
- Ensure adherence to audit methodology, quality standards, and regulatory requirements.
- Leverage data analytics and automated auditing techniques to enhance audit efficiency.
- Prepare concise, fact-based audit observations with actionable recommendations.
- Validate audit-raised issues and manage closure processes.
Teamwork
- Collaborate with Internal Audit colleagues, sharing best practices and providing technical guidance.
Culture & Values
- Demonstrate Absa’s and IIA’s ethical values in all aspects of work.
- Foster a positive team culture through active engagement and professionalism.
Relationship & Portfolio Management
- Build strong relationships with business stakeholders (1st and 2nd Line of Defense).
- Proactively monitor business risks to inform audit planning and reporting.
- Contribute to Combined Assurance efforts for a stronger control environment.
- Provide insights for risk and committee reporting.
Knowledge Management
- Apply professional skepticism and a risk-focused approach in audits.
- Stay updated on industry trends, regulations, and professional standards.
- Mentor peers by sharing industry best practices.
Strategic Initiatives
- Support the adoption of digital tools and technology in audits.
- Align with IA’s stakeholder engagement principles for value-driven interactions.
- Contribute to Absa IA’s brand and communication initiatives.
- Embrace new ways of working and technology to enhance audit efficiency.
Competencies
- Deciding and initiating action
- Learning and researching
- Entrepreneurial and commercial thinking
- Relating and networking
- Adapting and responding to change
- Persuading and influencing
- Creating and innovating
Education & Experience
- Bachelor’s Degree or Advanced Diploma in Business, Commerce, or Management Studies (required).
- Professional qualifications (CA, CIA, CISA) preferred.
- 3-4 years of experience in internal/external audit within financial services or Big 4 firms.
- Non-life insurance audit experience is highly advantageous.
Knowledge & Skills
- Strong understanding of banking, insurance, and bancassurance principles.
- Knowledge of emerging financial products and regulatory frameworks.
- Ability to influence stakeholders and maintain confidentiality.
- Thrives in a fast-paced, high-pressure work environment.
Bachelor’s Degrees and Advanced Diplomas in Business, Commerce, and Management Studies are required for this position.
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitably qualified candidates from designated groups to promote equitable workforce diversity. Absa reserves the right not to make an appointment.
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How to Apply
To apply for this position, click the “Apply Now” button or follow the specific instructions provided in the job description. Ensure that your CV and supporting documents are up to date and relevant to the position.
Please note: This job posting may be closed at any time by the employer, either due to internal recruitment policies, legal requirements, or once a suitable candidate has been found. We encourage you to apply as early as possible.
Only shortlisted candidates will be contacted.
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