Audit Manager

Career Level 4

Group Audit (GAudit) is an independent governance function, supporting the Audit Committee and Board of Management of MR AG in accomplishing its tasks and strategic initiatives ("Ambition 2025"). By means of our key products "Standard Audit", "Sprint Audit", and "Advisory Reports" we provide "impactful, agile and collaborative auditing services" to our clients around the globe.

You will have a matrix reporting line: functionally to the Regional Head of Audit APAC MEA, and locally to the Chief Executive Officer of Munich Reinsurance Company of Africa Ltd (MRoA). You will be in charge of all audit-related activities within MRoA and will have management responsibility of one direct report. This role is based in Johannesburg.

Established in 1968, MRoA serves life and non-life reinsurance clients across the Sub-Saharan Africa from our hub in Johannesburg. Together with our colleagues globally, we influence, collaborate and can be relied on to tackle the world's most pressing challenges.

Your Role:

• Developing a comprehensive, risk-based and impactful 6-months rolling audit plan
• Providing impactful auditing services to our clients at MRoA with a focus on the core value chain of Reinsurance business (Client Management, Underwriting, Claims, FinMoRe, etc.) for all business units (P&C and LH)
• Responsible for our follow-up process, to ensure all measures agreed are implemented in a timely and efficient manner
• Issuing audit or advisory reports of high quality that are crispy, clear and focused
• Contributing proactively to the initiatives and strategy of the One Audit Community (OAC) within MR Group and within the regional audit community

Your Profile:

• Longstanding professional experience (8+ years) in internal audit, compliance, risk management or related functions, ideally in the finance or (re-)insurance industry. Relevant business experience would be an asset
• Knowledge of the South African (re)insurance market and regulations
• Collaborative team player, proactively sharing knowledge, and with a precise working method and intercultural competencies
• High degree of integrity and commitment to the values of Munich Re
• Ability to deal with complex issues
• University degree in Finance, Economics, Actuarial Studies, Law or similar discipline
• Relevant certifications (e.g. Certified Internal Auditor)

Our Benefits:

• Life and Health Benefits
• Retirement Benefits
• Hybrid working environment
• Bonus Scheme
• Employee Assistance Program
• Global Mobility

At Munich Re, we embrace and value the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation of our open culture and spirit of partnership. It shapes how our teams are built and cultivated and how we are supported and developed. And at the center of this interaction is each of us.