General

Job Title: Internal Audit Manager

Division: General Management – Internal Audit

Key Relationships: Risk Management, Compliance, Audit Committees, Regulators, senior management.

Job Summary: To design, plan and conduct effective internal audits of the Beazley Group plc companies. To provide assurance to the Audit Committee of the effectiveness of the internal controls within the group.

Opportunities

This role will give the applicant a unique cross departmental view of a global specialty insurer - involving exposure to front-office areas such as underwriting and claims, technical areas such as reserving and back office support areas.
The applicant will engage directly with executives, senior management and non-executive directors.
The role will empower the applicant to develop their core business skills including; judgement; relationship management; problem solving; project management; and communicating clearly with different audiences.

Key Responsibilities:

To support the Head of Internal Audit Technology and Change Risk in discharging duties related to delivering the audit plan.
Internal audit work will involve:
Planning approach to audits through risk assessments, understanding the control environment, ongoing work in the business and by the other assurance functions;
Designing and completing a test plan which gives appropriate assurance over the following: the key risks; the design and operation of controls; Lloyd’s Principles; anti-financial crime, conduct and fraud risk factors; etc.;
Apply audit techniques to audit testing such as sampling;
Promoting operational efficiencies and identifying cost savings opportunities;
Clearly documenting completed work, the results of testing and any issues arising;
Identifying unmitigated risks, process and control issues as well as recommending improvements in clear, concise and accurate audit reports.
Perform special projects as requested.
Prepare information for board and committee reporting.
Attend board and committee meetings as required.
Compliance with relevant Beazley procedures and policies.
Ability to travel internationally – normally less than 5%.

General

At Beazley we are committed to doing the right thing because it is the right thing to do. It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours.

Adopt the Beazley culture of professionalism, integrity, effectiveness, and dynamic attitude that contributes to an internal environment of teamwork and promotes a positive brand image and experience to our external customers.
Comply with Beazley procedures, policies and regulations including the code of conduct. Undertake training on Beazley policies and procedures as delivered by your line manager, Talent Management, or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
Display business ethics that uphold the interests of all our customers.
Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
Comply with any specific responsibilities necessary for your role as outlined by your line manager, Talent Management, or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Personal Specification:

Education and Qualifications

An Internal Audit qualification (or equivalent) is desirable.

Skills and Abilities

Confident to liaise with different audiences
Ability to demonstrate professional credibility
Establish and maintain strong relationships within the business
Ability to influence and demonstrate strong commercial acumen
Flexibility to work on concurrent projects and priorities
Computer skills – good working knowledge of MS Office
Capacity to analyse information from a wide range of sources
Ability to make sound independent decisions
Strong communication and presentation skills
Strong motivational skills
Flexibility to work independently and in teams
Confident to work on own initiative
Ability to work with and persuade senior stakeholders

Knowledge and Experience

Experience analysing processes and controls
Knowledge and experience of the insurance industry
Preferable experience in the specialty insurance market

Aptitude and Disposition

Outcome focussed; self-motivated; very flexible to change; and enthusiastic
Professional approach to successfully interact with stakeholders
Diplomatic in challenging situations
An interest in technology, change and data

Competencies

Analytical thinking
Information seeking
Customer focus
Team working
Initiative
Using expertise
Integrity
Impact and influence

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Internal Audit Manager - Change & Technology