Overview

Position Title: Audit and Risk Manager

Job Division: Non Medical Insurance

Job Department: Business Development

Commencement Date: ASAP

Workstation: Dar es Salaam, Tanzania

Organization: Strategis Insurance

 

Job Summary:

To expand our team, we are looking for a qualified and experienced Audit and Risk Manager. In addition to administering the organization’s risk management procedures, the Audit and Risk Manager will be in charge of organizing and supervising the internal audit function. Possessing a solid expertise in risk management, compliance, and auditing, the ideal candidate will be able to advise and guide senior management strategically.

Obligations and Liabilities:

Operational accountability for issues pertaining to internal controls and risk at the company processes and procedures related to management and compliance, such as

  • Analyzing, assessing, and pinpointing areas for improvement in the company’s risk management practices.
  • Establish the enterprise risk management framework, policies, procedures, and controls in conjunction with department leaders through coordination and collaboration.
  • Participate in offering suggestions and counsel on desired modifications to policies, practices, and systems in order to manage and reduce hazards to the company that have been discovered.
  • Establish and put into place efficient internal control measures.
  • Create and carry out yearly audit plans based on an exhaustive evaluation of the organization’s risks.
  • Follow up on each audit task that has been assigned to an external auditor.
  • Collaborate with the management to address any problems that audit findings may have shown.
  • Assemble and counsel the team within the corporation to guarantee that procedures and developments are lawful and to accomplish a variety of organizational objectives.
  • Develop plans to stop potentially dangerous behaviors or activities by conducting research, identifying internal and external risk variables, such as those related to the economy, markets, operations, regulations, etc. that the company’s business is subject to.
  • Assess the efficacy of risk policies and processes on a regular basis, and work with internal stakeholders to track alterations in the business environment.
  • Keeping an eye on adherence to internal policies and procedures of the company.
  • Examining and assessing the business’s adherence to legal and regulatory standards.
  • The compilation of the Board Audit and Risk Committee’s and Management’s audit, risk, and compliance reports, which serve as a summary of the company’s compliance status for the relevant reporting period.
  • Helping to prepare the periodic compliance reports that must be submitted to the regulator (TIRA) and other pertinent authorities, such as the Finance Intelligence Unit (FIU), among others.
  • Keep up with evolving hazards, legal requirements, and industry best practices to make sure the company is ready and compliant.
  • Providing or planning employee education on risk management and compliance issues.
  • Carrying out any additional pertinent tasks that any upline Manager assigns you.

 

Education, Including Advanced Courses:

  • A bachelor’s degree in business administration, finance, accounting, or a similar discipline. It is preferred to have a master’s degree or a professional qualification, such as a CISA, CIA, or CPA.
  • An extra benefit is knowledge of or training in compliance requirements for insurance firms with TIRA and TRA rules.

Experience at Work:

  • At least five years of experience in a managerial capacity, ideally in an audit or insurance company, and a track record of success in internal auditing, risk management, or a comparable discipline.
  • Strong familiarity with risk assessment methods, auditing standards, and legal requirements.
  • Outstanding analytical abilities and meticulousness.
  • Strong interpersonal and communication skills, with the capacity to engage with stakeholders at all organizational levels in an efficient manner.
  • Demonstrated capacity for team management and leadership.
  • The capacity to prioritize work, operate autonomously, and fulfill deadlines.

Application Mode:

The names and contact information of three official referees should be included with every application. Applications should be sent to the following address by July 19, 2024, at the latest, with professionally written resumes, copies of any supporting documentation, and a recent passport-size photo.

Head of Human Resource and Administration,

Strategis Insurance Tanzania Ltd,

P.O BOX 7893,

Dar es Salaam, Tanzania.

Send emails to hr@strategis.co.tz

or sent to:

Strategis Insurance Tanzania Ltd,

1st Floor, Masaki Ikon Building Plot 1520, Bains Avenue Masaki, Msasani Peninsular.

 

Note: You will only hear from the candidates you shortlisted.