Head Internal Audit

International Energy Insurance Plc is hiring a Head Internal Audit in Lagos.

Duties & Responsibilities:

• Develop and maintain a comprehensive internal audit charter aligned with industry best practices and regulatory requirements.
• Conduct risk assessments to identify key areas of risk within the company's operations, financial reporting, and compliance.
• Develop and execute a risk-based internal audit plan to address identified risks and ensure comprehensive coverage of all critical areas.
• Lead and manage a team of internal auditors, providing coaching, mentorship, and ensuring they possess the necessary skills and knowledge to perform effective audits.
• Investigate incidents of fraud, malpractice, or control breaches and recommend corrective/preventive actions.
• Liaise with External Auditors, NAICOM examiners, and other regulators during inspections and statutory audits.
• Conduct internal audits in accordance with professional auditing standards and best practices.
• Evaluate the effectiveness of internal controls and risk management practices and identify areas for improvement.
• Prepare comprehensive audit reports documenting findings, recommendations, and action plans for the Board Audit Committee and regulatory returns as required by NAICOM.
• Monitor and track the implementation of corrective actions identified in audit reports.
• Maintain strong relationships with key stakeholders across the organization, including senior management, the Audit Committee, and the Board of Directors.
• Evaluate compliance with NAICOM guidelines, the Insurance Act, the NAICOM Corporate Governance Code, anti-money laundering (AML/CFT) requirements, and other applicable regulations.
• Stay up to date with relevant accounting standards, industry regulations, and best practices in internal auditing.
• Provide input on the design of new products, processes, and systems to ensure adequate controls are embedded from inception.

Skills & Abilities:

• Strong risk-based audit planning and execution capability
• Sound knowledge of non-life insurance operations (underwriting, claims, reinsurance)
• Excellent analytical, report-writing, and presentation skills
• High ethical standards, independence, and objectivity
• Strong stakeholder management skills — Board, Management, Regulators, External Auditors
• Proficiency in audit software/data analytics tools and Microsoft Office Suite
• Leadership and team management skills

Experience: 10 - 12 years

• Bachelor’s degree in Insurance, Actuarial Science, Finance, Accounting, Economics, or related field.
• Master’s degree (MBA/MSc in Insurance, Risk Management, or Finance) is an added advantage.
• Professional certifications such as ACA, ACCA or CIA is required
• Additional certification in risk management (e.g., CRMA) or insurance (e.g., ACII, CIIN) is an advantage
• Minimum of 10–12 years' post-qualification experience, with at least 5 years in internal audit/risk management within the insurance or broader financial services industry, and demonstrable experience at senior management level.
• Must meet NAICOM's fit-and-proper person criteria for Principal Officers, including minimum cognate experience and seniority requirements.

How to apply Interested and qualified candidates should forward their CV to: (see Apply by email) using the position as subject of email.

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