Internal Audit Senior Manager

About FWD Life Philippines 

FWD Life Insurance Corporation (FWD Life Philippines) launched its commercial operations in September 2014. As of end-2022, FWD Life Philippines ranks 3rd and 6th in terms of Paid-up Capital(1) and New Business Annual Premium Equivalent(2), respectively.

FWD Group is a pan-Asian life insurance business with more than 11 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. FWD reached its 10-year anniversary in 2023. The company is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD is committed to changing the way people feel about insurance.

For more information, please visit fwd.com.ph. 

1 www.insurance.gov.ph > Statistics > Life > 2022 > Based on Paid-Up Capital

2 www.insurance.gov.ph > Statistics > Life > 2022 > Based on New Business Annual Premium Equivalent

You will be a member of the FWD Philippines (“the Company”) Audit Team to provide independent assurance, insight and foresight to the Company on the effectiveness of the Company’s governance, risk management and internal controls. You will also raise the awareness of controls and risks to improve the risk culture of the Company through regular engagements with management and advise management on developing and implementing smart control solutions.

Perform full audit cycle from applying audit techniques (risk assessment, analytical review procedures, sampling, devise approach to test process efficiency, etc.) to presenting the audit findings and areas for improvement effectively and confidently to the management.

Develop and present quality audit reports with practical, effective and actionable recommendations.  

Follow up with management on remediation actions arising from audit projects, including proper and timely verification of the remediation actions to ensure the risks are addressed effectively in a timely manner. And as necessary, advises management of past due actions.

Remain responsive and partner with management while maintaining independence.

Support the preparation of the Internal Audit Progress Report presented at the Audit Committee, and papers and presentations for local Management Committee, key senior management stakeholders and Group Internal Audit, with insights and assurance provided.

Support the Head of Internal Audit, FWD Philippines in the design and development of a comprehensive and relevant risk-based audit plan for the Company, with regular assessment to ensure the audit plan for the Company remains relevant to provide assurance to the key risks in line with the Company’s strategy and aspirations.

Engage in continuous knowledge development regarding sector’s rules and  regulations, best practices, tools, techniques and performance standards.

Education & Certification: 

Minimum bachelor’s degree holder in accounting, finance or equivalent

Charted Accountant, Certified Public Accountant, Certified Internal Auditor or other related professional certification

Experience:

Minimum 12 years working experience in audit, with experience in risk based internal audit in the life insurance industry is preferred

Strong knowledge of life insurance trends, regulations and business processes is a must.

Strong knowledge of internal audit methodologies, risks and controls is a plus.

Strong English written and verbal communication skills, with confidence to engage and influence senior management to achieve the desired outcomes.

Collaborator and team player who is enthusiastic, motivated and detailed oriented.

Privacy Notice

Your privacy is a priority for FWD.  The Company keeps your personal information with us in confidence. To know more about how we process your information, kindly refer to our FWD Recruitment Privacy Notice.

FWD has partnered with Talocity Instasolutions Private Limited (“Talocity”) to manage the initial filtering of candidate’s profiles through video interviews, social profile mapping, and video analytics using artificial intelligence engine that is offered within the Talocity platform.  The platform evaluates the candidate on the five well-known dimensions as per OCEAN Personality Model that influence occupational success and help understand workplace behavior. For more information, please refer to Talocity Privacy Policy.

When you apply, FWD will share your name, phone number and email address to Talocity to contact you and conduct the initial screening and profiling process.  Shortlisted candidates will then be contacted by FWD for the face-to-face interview.