Internal Audit Manager Financial Reporting(Insurance)📣 Job Ad

About the Role

Solvecube is seeking an experienced Internal Audit Manager, Financial Reporting (Insurance) for a 3-month onsite contract engagement in Riyadh, Saudi Arabia. This role involves working closely with a leading insurance client's Internal Audit (IA) team to conduct an internal audit focused on Financial Statements, Financial Reporting, and associated control processes.

Key Responsibilities

• Execute internal audits of Financial Statements and Financial Reporting processes in collaboration with the client’s IA team.
• Assess IFRS 17 compliance, including reserving, liability measurement, and disclosures.
• Review IFRS 9 ECL models, impairment processes, and related controls.
• Assess ICFR design and operating effectiveness, including key financial controls.
• Review statutory and regulatory reporting processes and controls.
• Perform audit walkthroughs, testing, identify control gaps, and document findings.
• Prepare audit working papers, observations, and recommendations, and present findings to key stakeholders.
• Support the client IA team in audit reporting and closure of identified issues.

Required Experience and Skills

• 7–8+ years of relevant experience in Internal Audit, Financial Services Audit, Insurance Audit, Financial Reporting Audit, or a related assurance role.
• Strong Insurance sector experience is mandatory.
• Strong understanding and practical experience of IFRS 17, particularly:
  • Reserving
  • Liability measurement
  • Insurance contract accounting
  • CSM
  • IFRS 17 disclosures
• Good working knowledge of IFRS 9 and ECL models.
• Strong experience in ICFR design, control assessment, and control testing.
• Experience in statutory audit, internal audit, and/or financial reporting assurance.
• Experience with regulatory reporting and financial reporting processes within Insurance/Financial Services.

Qualifications

• CIA / CPA / ACCA preferred.
• CA / ACA / CIMA or equivalent professional accounting/audit qualification may also be considered.

Visa Requirement

Candidates must either be located in KSA with a valid visa or, if overseas, possess a valid visa already issued for the duration of this engagement.