Manager: Internal Audit, Insurance

Join Us in Becoming the Best Financial Services Provider in the World!!

We appoint energised and motivated people for their potential and continuously look for talented, driven individuals to help us innovate and evolve. That is why we focus on finding the right people for the right jobs. We love what we do because we focus on making a positive difference for our clients and employees.  The Capitec DNA is built around talented and committed teams dedicated to build a brand that we are proud of and earns the trust of our clients.

Who We Are

We are an insurer, but we’re much more than that. We want to help South Africans live better by widening the net of insurance inclusion in South Africa. Our objective is to have an insurance offering that is simple, affordable and accessible to all South Africans where they can experience service that is personalised, empathetic and authentic.

Why Choose Us

At Capitec, we offer our best by living up to our CEO values in every situation – we always put the Client first, act with Energy and take Ownership. And to support people in being their best, our Employee Value Proposition offers every value to all team members through cohesive teams, growth opportunities as well as employee benefits and savings. We make it a priority to ensure that each member of the Capitec team feels welcome, valued, focused, and has the opportunity to grow. 

About the role:

To manage the Internal Audit function for the insurance business unit to ensure they add value to the organisation (group of companies) and its stakeholders by providing objective and relevant assurance and consulting and by contributing to the effectiveness of governance and control processes

What you will bring:

• Honours Degree in Commerce / Internal Auditing
• Certificate in Internal Auditing (CIA) or Chartered Accountant (SA)
• Minimum of 3 years in Data Analytics and CAATS
• At least 10 years’ internal audit experience within insurance
• At least 5 years’ managerial experience in financial services, managing a team of 3 or more
• Experience in project planning and management
• Applying business acumen and commercial understanding, specifically in terms of internal audit practices in an insurance environment

What you will be doing:

Managing insurance business units’ Internal Audit function

• Responsible for defining, proposing and implementing a strategic approach for the insurance business unit’s Internal Audit that aligns with Internal Audit’s departmental strategy.
• Contribute to Internal Audit’s departmental strategic planning, providing a focus for the insurance business unit.
• Provide support and/or technical expertise to the Head: Internal Audit to realise the strategy through drafting and proposing input to the annual audit plan.
• Responsible for linking strategy to departmental initiatives and communicating objectives to the insurance business unit team.
• Provide support of insurance business unit’s know-how to the Head: Internal Audit to compile the departmental budget.
• Contribute to the maturing of Enterprise Risk Management by identifying risks that could impact the insurance business unit strategically and recommend controls to mitigate these risks.
• Leverage technology opportunities and systems to enhance and optimise the performance of the internal audit function.

Operational management of Internal Audit function

• Responsible for operational delivery of the Internal Audit strategy for the insurance business unit through realising the audit plan by ensuring appropriate resources and processes. Apply insurance business unit knowledge to take the practical steps necessary to optimise the effectiveness of the function through continuous improvement.
• Establish the insurance business unit internal audit processes and implement the necessary governance and quality assurance, including audit reporting.

People / Team Management

• Responsible for implementation of effective communication channels to ensure team communication and understanding of departmental processes, standards and quality assurance and achievement of targets/SLA’s.
• Accountable for management of the team; headcount management, recruitment, development, talent reviews, succession, goal planning and performance management.

Relationship and stakeholder Management

• Apply financial knowledge and business acumen to build trust and recognition of competency within the stakeholder base.
• Identify internal and external parties or stakeholders for the insurance business unit and define their criticality and appropriate engagement method.

Conditions of Employment

Apply Now!

If you are interested in being part of this dynamic team, on a mission to build the best financial services provider in the world through unlocking the potential of its people, please apply. We would love to hear from you!