Job Description & Duties of the Internal Auditor
A globally accepted job description of an internal auditor is the following:
“Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes."
CAT or FIA
1-2 years Audit experience
Must be computer literate
Good interpersonal skills
Objectively review an organization's business processes
Evaluate the efficacy of risk management procedures that are currently in place
Protect against fraud and theft of the organization's assets
Identify loopholes and share risk aversion methods and cost savings
Act as an objective source of independent advice to ensure validity, legality and goal achievement
Ensure that the organization is complying with relevant laws and statutes
Check payments daily, ensuring timely and accurate payment of invoices.
Handle customers communications, resolve any billing disputes (invoice incorrect)
Assist Finance staff in educating employees and managers on policies and procedures relating to disbursements.
Review credit expense reports for accuracy and completeness.
Compilation of a follow up report of all outstanding premiums and report on a daily basis.
Maintain files, including all reports, spreadsheets, correspondences, etc.
Audit of accounts receivables on daily basis.
Review all incoming transactions on a daily basis and to make sure its placed into respective folders.
Audit claims and furnish reports to audit committee and directors
Audit Master Folders for all class of business.
Audit electronic revenue issued by underwriters and payment revenue stamps issued by staff, and submit reports to the accounts department monthly.
Review conservation reports prepared by conservation clerk monthly.
Make recommendations on how to improve internal controls and governance processes
Ensure complete, accurate and timely audit information is reported to Management and/or Risk Committees.
Maintain open communication with management and audit committee
Document process and prepare audit findings memorandum
Conduct follow up audits
Visit various branch offices to conduct audits
Perform any other audits that the Governance/Audit Committee may request from time to time.
Caricom General Insurance Company, Inc. has been providing innovative and technical solutions to problems of risk and financial management since its formation in 1997. Our hard working team has the expertise and professionalism to provide superior service through competitive pricing and development of our products and services to satisfy our clients’ needs.
Today our product line includes flexible and specifically tailored security instruments for general, motor, fire, specialty insurance policies such as bonds, financial guarantees and a lot more. We provide value-added solutions through highly structured products facilitated by specialized underwriting expertise and characterized by reliable, prompt and efficient customer service.
With our headquarters located at Ruimzeight on the West Coast of Demerara and nine branch offices nationwide, our employees enjoy a family-like working environment – learning, sharing, growing and helping each other to achieve greater heights.
Over the past 20 years, the company has consistently delivered on its service and financial performance, meeting or even surpassing customer and shareholder expectations. Supported by highly rated Reinsurance Companies of international repute, our annualized growth has been sustained by the company’s product diversification and strategic investment programs.