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Federal Insurance PLCVerified
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Master’s degree in Accounting, Finance, or Management from a reputable university.
Qualified Chartered Accountant (FCA / ACA) or Cost & Management Accountant (FCMA / ACMA) will be given strong preference. Professional certification such as CIA (Certified Internal Auditor) is highly desirable.
Experience Requirements:
At least 12 to 15 years` experience in Insurance/Financial sector, with minimum 3–5 years in a leadership/head role.
Candidates must have:
Direct experience in the Non-Life General Insurance sector will be given high preference.
In-depth understanding of non-life insurance operations, underwriting and claims audit mechanisms, IDRA statutory guidelines, and insurance accounting frameworks.
Excellent writing and editing skills in English and Bangla.
Computer literacy with commendable efficiency and familiarity with ERP/Insurance Audit Software.
Candidate must be willing to travel across branch offices nationwide as and when required.
Job Context: Federal Insurance PLC, a well-reputed Non-Life Insurance Company, is looking for an experienced, energetic, result-oriented, and self-motivated candidate to serve the Company as Head of Internal Audit.
Responsibilities:
Plan, execute, and lead comprehensive internal audit programs across the Head Office and all branch operations nationwide.
Evaluate internal control systems, identify operational gaps, mitigate fraud risks, and ensure strict compliance with corporate governance policies and company service rules.
Ensure all auditing processes strictly align with guidelines set by the Insurance Development and Regulatory Authority (IDRA), BSEC Corporate Governance Code, NBR, and the Insurance Act, 2010.
Present detailed audit reports, key findings, risk assessments, and strategic recommendations directly to the Board Audit Committee and Senior Management.
Conduct periodic financial, operational, underwriting, and claims settlement audits to prevent mismanagement and financial irregularities.
Travel nationwide across branch offices as and when required.
To prepare monthly activities report.
Any other task assigned by the Management.
Work at office
Full time
Dhaka
Applications for this job are handled on the company's own website.
Federal Insurance PLC is listed on the Dhaka Stock Exchange (trading code FEDERALINS).