Senior Specialist - Internal Audit - Forensic/Due Diligence - Insurance

Senior Specialist- Internal Audit - Forensic, Due Diligence - (2+ Years) - Bangalore

We are looking for a qualified chartered accountant with at least 2 years of experience in Internal Audit, Due Diligence/Forensics specializing in detailed analysis of payments (Payment Due Diligence).

Location- Bangalore

Your future employer: A leading, global group with a strong foothold in specialty insurance and re-insurance services serving millions of customers across the full spectrum.

Responsibilities:

1. Evaluating the process of onboarding vendor, counterparties on broker, AP system and the vendor due diligence / background check process, followed by the Target Acquisition.

2. Conducting interviews and process walkthroughs to evaluate the end to end procure to pay process incl. controls, technology systems, data integrity, approvals for the identified sample transactions and the controls in place

3. Analyzing the expenses to identify suspicious / red flag transactions.

4. Analyzing both trade payables (i.e. insurer payments) and non-trade payables (i.e. vendors and other third parties). Focusing on trade payments to ensure that all counterparties are recognized, bona-fide insurance companies.

5. Performing sampling across all transactions and conducting public domain searches of the beneficiary entities / individuals of the identified sample transactions

6. Identifying if there are any potential dependencies between client/revenue and payments made to the third parties

7. Reviewing the Target Acquisition's Anti-Corruption compliance framework and policies

8. Understand on Target Acquisition's government interactions, including compliance with industry regulations, licenses, permits taken for Government departments etc. and involvement of third-party consultants for same purpose

9. Examining the systems or tools, used for prevention and detection of instances of bribery / corruption

10. Identifying potential impact on the compliance with anti-bribery and corruption laws applicable to the Target Acquisition entity

Requirements:

1. A Qualified Chartered Accountant

2. Minimum of 2 years of work experience in Internal Audit, Due Diligence/Forensics.

What is in it for you?

1. Attractive compensation

2. Fast track career growth

3. A stimulating working environment in an established brand