Role Overview – Al Sagr National Insurance is hiring an Internal Audit Officer for a full-time, on-site role based in Abu Dhabi, UAE. This position is ideal for experienced audit professionals with strong insurance sector knowledge, risk assessment capabilities, and the ability to conduct internal audits, evaluate controls, assess compliance, and provide assurance within an insurance company and financial services environment.

Internal Audit Planning and Execution – You will plan and execute internal audits by developing annual audit plans and schedules, conducting risk assessments to identify audit priorities, planning audit engagements and scope, preparing audit programs and work plans, coordinating with departments on audit timing, conducting fieldwork and testing, and ensuring comprehensive, risk-based audit coverage across insurance operations.

Risk Assessment and Control Evaluation – You will assess risks and evaluate controls by identifying business risks and control weaknesses, evaluating internal control systems and processes, testing control effectiveness and compliance, assessing operational efficiency and effectiveness, identifying fraud risks and indicators, evaluating governance frameworks, and providing independent assurance on risk management and control environments.

Audit Fieldwork and Testing – You will conduct audit fieldwork and testing by performing substantive testing and sampling, reviewing documentation and evidence, conducting interviews with process owners and staff, analyzing data and transactions, performing analytical procedures, validating compliance with policies and procedures, testing financial and operational controls, and gathering audit evidence to support findings.

Insurance Operations Auditing – You will audit insurance operations by reviewing underwriting processes and controls, auditing claims handling and settlement procedures, evaluating reinsurance arrangements and accounting, assessing premium collection and receivables management, reviewing policy administration and documentation, auditing actuarial processes and reserves, and ensuring insurance operational integrity and compliance.

Financial Auditing and Reconciliation – You will conduct financial auditing by reviewing financial statements and records, validating financial transactions and postings, reconciling accounts and balances, testing revenue recognition and expense allocation, reviewing investment portfolios and accounting, auditing cash management and treasury operations, and ensuring financial accuracy and compliance with accounting standards.

Compliance and Regulatory Audit – You will audit compliance and regulatory adherence by reviewing compliance with UAE Insurance Authority regulations, evaluating adherence to Central Bank requirements, assessing Solvency and Capital Adequacy compliance, reviewing Anti-Money Laundering (AML) and Know Your Customer (KYC) controls, auditing regulatory reporting and submissions, ensuring compliance with corporate governance standards, and verifying regulatory compliance across operations.

IT and Systems Audit – You will conduct IT and systems audits by reviewing IT general controls and application controls, assessing system access and security, evaluating data integrity and backup procedures, reviewing IT change management processes, auditing system interfaces and integrations, assessing cybersecurity controls, and ensuring IT control effectiveness.

Fraud Detection and Investigation Support – You will support fraud detection and investigation by identifying red flags and fraud indicators, reviewing suspicious transactions and activities, conducting fraud risk assessments, coordinating fraud investigations when needed, recommending fraud prevention controls, reporting fraud concerns to management, and supporting anti-fraud initiatives.

Audit Findings and Reporting – You will document findings and prepare reports by documenting audit observations and exceptions, preparing detailed audit findings and recommendations, writing comprehensive audit reports, presenting findings to management and audit committees, rating control weaknesses and risks, tracking management responses and action plans, and communicating audit results effectively.

Follow-Up and Remediation Tracking – You will track follow-up and remediation by monitoring implementation of audit recommendations, conducting follow-up audits and reviews, verifying corrective action completion, escalating overdue or incomplete actions, maintaining audit issue trackers, reporting on remediation status, and ensuring timely resolution of audit findings.

How to Apply:

Send your updated CV to Abudhabi@alsagrins.ae. Please highlight your Internal Audit Officer experience, any insurance or financial services audit background, your knowledge of internal audit methodologies and standards, your professional certifications (CIA, CA, ACCA, CPA, etc.), your understanding of UAE insurance regulations if applicable, your audit tool proficiencies, and examples of audit projects or significant findings you hav1e contributed to. Forward to anyone in your network who may be a strong fit.

About the Company:

Al Sagr National Insurance is an insurance company in Abu Dhabi, UAE, committed to maintaining strong internal controls, risk management, and governance standards. The company is seeking a professional, detail-oriented Internal Audit Officer who brings strong audit expertise, insurance sector knowledge, and analytical capabilities to conduct internal audits, evaluate controls, assess compliance, and provide independent assurance that supports sound risk management, operational effectiveness, and regulatory compliance within Al Sagr National Insurance's operations in Abu Dhabi.