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Senior Audit Manager - FTC

  • Pension Insurance Corporation
  • London, UK
  • Aug 09, 2024
Full Time Accounting

Job Description

Role Purpose:

We have a great opportunity for an experienced Internal Audit Senior Manager to join an expanding insurance company with a culture of excellence and remarkable growth potential.  You will work directly with the Heads of Internal Audit and will be responsible for developing and managing the delivery of the audit plan, with a portfolio of audits. You will be expected to develop relationships with management across various functions within the business, and, where required, manage the co-sourced relationships, and attend some internal committee meetings.

Key responsibilities:

Annual Planning

  • Support the Head of Audit to develop the risk based annual Internal Audit Plan.
  • Jointly with the Heads of Internal Audit, identify resourcing and skills needs for audits on the plan, and, where required, coordinate the Internal Audit co-source relationship.

Conducting audits

  • Carry out end-to-end audits, including determining audit scope, carrying out test plan, drafting audit reports, and ensure sufficient workpapers are in place to meet the guidance of the IIA Standards and CIIA Code.
  • Supervise input from more junior members of the team and co-source providers, ensuring the quality and timeliness of audit planning, fieldwork, data analysis, audit work papers, and reporting
  • Follow up on closure of audit issues.
  • Provide the Head of Audit and/or the Chief Internal Audit Officer with well researched reports and opinions for each audit led.

Stakeholder relationships

  • Develop a partnership and trust relationship with senior leaders in the business.
  • Ensure that work is done with the business as one team, in cooperation and in consultation with auditees and be an ambassador to Group Internal Audit
  • Where required, attend management meetings and Committees.
  • Lead on certain stakeholders relationships and be prepared to share views with senior management on the control environment at PIC, key risks, and improvement opportunities..

Requirements

Knowledge, experience, skills & abilities:

  • Deep technical expertise of Insurance or Asset Management, and Asset & Liability Management.
  • Proficiency with Internal Auditing Standards and IIA mandatory guidance.
  • Familiar with the regulatory environment PIC operates in and its application.
  • Strong organisational skills
  • Strong communication skills
  • Ability to persuade and influence both directly and indirectly
  • Ability to manage people and other resources effectively
  • Ability to organize work to meet deadlines
  • Ability to work within defined procedures as recommended by functional teams
  • Commercial judgement
  • Good working knowledge of MS Access, MS PowerPoint, MS Word

Benefits

Benefits:

  • In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you'll get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.
  • This role offers hybrid working, and we are open to discussing flexible working arrangements too.
Pension Insurance Corporation
About Pension Insurance Corporation


About PIC:

The purpose of PIC is to pay the pensions of its current and future policyholders.

PIC provides secure and stable retirement incomes through leading customer service, comprehensive risk management and excellence in asset and liability management. At 30 June 2022, PIC had insured 293,400 pension scheme members and had £44.1 billion in financial investments, accumulated through the provision of tailored pension insurance buyouts and buy-ins to the trustees and sponsors of U.K. defined benefit pension schemes. Clients include FTSE 100 companies, multinationals, and the public sector.

PIC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (FRN 454345). For further information please visit www.pensioncorporation.com

In essence, we are a simple business: we take on assets transferred from defined benefit pension schemes through buy-ins and buyouts invest them, and use the cashflows generated from these investments to pay our policyholders’ pensions. PIC operates in the Pension Risk Transfer Market.

Our Culture:

PIC employs highly skilled individuals who all work to deliver a common purpose, supported by a culture of innovation and a strong set of values. Our success in hiring new people is due to our focus on creating a purposeful and stimulating working environment, where individual contributions are recognised within a collaborative, team-based effort.

Work Benefits:

We want our employees to be appropriately rewarded for their outstanding work, and PIC offers competitive remuneration packages and a generous range of benefits.

These include:

  • hybrid working model
  • competitive pension contributions
  • private medical cover
  • travel insurance
  • season ticket loans
  • access to 24/7 mental health support through an employee assistance programme
  • a Cycle to Work scheme and a dedicated secure cycle space at our London office
  • death in service benefit
  • save as You Earn (“SAYE”) scheme. Allows employees to build up blocks of shares in the Company. The scheme is open to all employees on an annual basis
  • discretionary family leave enhancements including up to 26 weeks maternity and 4 weeks paternity

Diversity and Inclusion:

Diversity of thought is critical to PIC’s success, helping us to deliver our purpose in an innovative way. PIC demonstrably values individuals regardless of background or experience. It is important for us that our people can discuss cultural and other issues that are important to them in a respectful and engaging way.

PIC has been the lead sponsor for the Actuarial Mentoring Programme for the past five years. The initial aim was to retain female actuaries in the profession, and it now has a wider D&I remit. We also have our own mentoring programme, offering opportunities to people across all professions. Our Aspiring Managers Programme has a target of 50% female participants.

In 2021 we created our own Early Careers Academy, which encompasses the 10,000 Black Interns Programme and our own Apprenticeship Programme. Both these programmes focus on attracting diverse talent.

PIC also partners with LGBT Great, Group for Autism, Insurance, Investment and Neurodiversity (GAIN) and RedStart, which is a charity providing financial education to children from disadvantaged areas.

We joined Women in Banking and Finance to provide our female talent with access to learning, networks, and development opportunities, as well as enabling us to learn from other member organisations on how we can continue to keep improving as an inclusive employer.

Workplace Initiatives

Program for parents returning to work after Parental Leave?

Yes

Leadership development programs?

Yes

Mentoring programs?

Yes

Coaching programs?

Yes

Employee-led diversity networks?

Yes

Internal women’s networking groups?

Yes

Open to discussing flexible work arrangements at interview stage?

Yes

No. of weeks paid maternity leave at full salary:

Minimum weeks tenure required to be eligible for paid maternity leave:

No. of weeks paid paternity leave at full salary:

Minimum tenure required to be eligible for paid paternity leave:

Gender pay gap reporting information (2021) (UK):

Average pay gap:

18.4%

Median pay gap:

6.8%

Average bonus gap:

1.1%

Median bonus gap:

23.4%

Signatory of the UK Women in Finance Charter?

N/A

Targets to raise the number of women in leadership?

Yes

Targets to raise the number of BAME individuals in leadership?

N/A

Listed in the Bloomberg Diversity & Inclusion Index?

N/A


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