Internal Auditor – CIC Insurance Uganda

• Conduct risk-based internal audits across business processes, departments, systems, and operations.
• Evaluate the effectiveness and adequacy of internal controls.
• Assess compliance with organizational policies, procedures, regulatory requirements, and applicable standards.
• Identify control weaknesses, operational risks, financial risks, and compliance gaps.
• Develop practical recommendations to strengthen internal controls and risk management.
• Follow up on agreed audit recommendations and monitor implementation.
• Maintain complete and accurate audit working papers and supporting documentation.
• Support internal and external audits as well as regulatory reviews.

• Apply risk-based audit methodologies when planning and executing audit assignments.
• Identify key business, operational, financial, technology, and compliance risks.
• Assess whether existing controls adequately address identified risks.
• Use data and analytical techniques to identify unusual transactions, trends, exceptions, and potential control failures.
• Provide management with timely insights on emerging risks and control weaknesses.

• Prepare clear, accurate, and timely internal audit reports.
• Document audit findings, root causes, risk implications, and recommended corrective actions.
• Discuss audit findings with relevant process owners and agree on practical action plans.
• Present significant audit issues and recommendations to senior management and relevant governance committees.
• Maintain accurate audit records in accordance with professional standards and internal audit procedures.

• Provide objective advisory support on new processes, systems, and control improvements without compromising audit independence.
• Participate in process reviews and risk assessments where required.
• Identify opportunities to improve operational efficiency, cost management, governance, and internal controls.
• Recommend improvements that strengthen accountability, efficiency, and business performance.
• Keep up to date with emerging internal audit, risk management, technology, regulatory, and insurance industry practices.

• A Bachelor’s degree in Accounting, Finance, Business Administration, Economics, Risk Management, or a related discipline.
• A professional qualification such as CIA, ACCA, CPA, CISA, or an equivalent qualification is highly desirable.
• Membership of a recognized professional accounting or auditing body is an added advantage.

• Minimum of 3 years’ experience in internal audit, external audit, risk management, compliance, or financial control.
• Experience in the insurance or financial services sector is an added advantage.
• Demonstrable experience in risk-based auditing, internal controls, compliance reviews, and audit reporting.
• Experience using data analytics and technology to support audit activities will be an advantage.

• Analytical and critical thinking skills
• Integrity, ethics, and professionalism
• Risk and control management
• Strong attention to detail and accuracy
• Communication and stakeholder management
• Problem-solving and continuous improvement
• Strong professional judgment and independence.
• Ability to interpret financial and operational information.
• Strong report-writing and presentation skills.
• Ability to work effectively with management and different business functions.
• Advanced Microsoft Excel skills, including data manipulation, reconciliation, analysis, and reporting.