Universal Sompo General Insurance | Lead - Internal Audit

Key responsibilities

• Audit Execution, Quality & Delivery.
• Lead and oversee execution of complex, high-risk audits across core insurance functions (underwriting, claims, investments, etc.).
• Ensure high-quality audit outputs through rigorous review of workpapers, findings, and reports.
• Act as a trusted advisor to business leaders, providing insights to strengthen risk management and controls (aligned with IIA consulting mandate).
• Lead, coach, and mentor audit team members, ensuring strong execution discipline and professional growth.
• Drive a high-performance, learning-oriented culture within the audit function.
• Evaluate effectiveness of governance, risk management, and internal control frameworks in line with IIA/COSO standards.
• Track and ensure closure of audit and regulatory findings.
• Drive improvements in audit methodology, tools, and processes to keep pace with evolving risks.
• Audit Planning & Risk Assessment
• Leverage data analytics, automation, and AI-enabled auditing techniques to enhance audit coverage, efficiency, and insight generation.

Skills & competencies

• Core: Deep expertise in internal audit frameworks (IIA Standards, COSO) and insurance regulations, with the ability to provide strategic assurance insights.
• Analytical & Data-Driven Mindset: Strong analytical capabilities with exposure to data analytics, visualization tools, and emerging AI-enabled audit techniques.
• Executive Communication & Influencing: Ability to articulate complex audit issues clearly and persuasively, and to engage and influence senior stakeholders and leadership forums.
• Leadership & Team Development: Proven ability to lead, coach, and develop teams, fostering a high-performance culture and ensuring consistent delivery quality.
• Professional Judgement & Advisory Orientation: High integrity, strong problem-solving skills, and the ability to act as a trusted advisor by providing balanced, practical, and forward-looking recommendations.

Universal Sompo General Insurance Company Limited

Universal Sompo General Insurance Company Limited was formed under a shareholders' agreement signed in November 2006 by Allahabad Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investment Corporation and Sompo Japan Insurance Inc. of Japan. It received its certificate of registration from the Insurance Regulatory and Development Authority of India in November 2007. Allahabad Bank has since been merged into Indian Bank, and at 31 March 2026 the shareholders were Sompo Japan Insurance (34.61 per cent), Indian Bank (28.52 per cent), Indian Overseas Bank (18.06 per cent), Dabur Investment Corporation (12.81 per cent) and Karnataka Bank (6 per cent). The company is not listed on a stock exchange. It sells general insurance in India, including motor, health, personal accident, fire, marine, engineering, liability and crop insurance. Its registered and corporate office is at Commerz, International Business Park, Oberoi Garden City, Goregaon East, Mumbai, and its annual report for 2025-26 lists 141 offices in 90 cities.

Its finance-related openings are at its Mumbai head office: a lead internal auditor, for which a CA, CPA or ACCA is mandatory and the CIA is preferred, and a group health underwriting role that asks for five or more years in health insurance underwriting or risk analysis.

• Industry: General insurance in India: motor, health, personal accident, fire, marine, engineering, liability and crop insurance
• Headquarters: Mumbai, India (unlisted joint venture)
• In India: Registered and corporate office at Goregaon East, Mumbai; shareholders are Sompo Japan Insurance, Indian Bank, Indian Overseas Bank, Dabur Investment Corporation and Karnataka Bank