NEM INSURANCE PLC started insurances business in Nigeria in 1948 through the agency of Edward Turner & Co. It became a Nigerian branch of NEM General Insurance Association Limited of London in 1965. Incorporated in 1970 as a Nigerian company in compliance with the Companies Decree of 1968, the company became quoted on the Nigerian Stock Exchange in 1989 following the privatisation by the Federal Government of Nigeria.
The company, which has contributed immensely towards the growth of Insurance Industry in Nigeria, was into Life and Non- Life business. Following the recapitalization exercise, the company merged with Vigilant Insurance Company Ltd to transact all classes of General Insurance.
The company has expanded its operations into the West African Sub region, with the successful registration and commencement of business of its subsidiary, NEM INSURANCE (GHANA) LIMITED in May, 2009.Responsibilities
Audit of the Company’s Information Technology (environment, processes, and functions) in line with the audit charter
Design and execute audit programs and test plans to evaluate the reliability of internal controls. Performing all phases of audit planning, fieldwork, reporting results, and performing subsequent follow-up procedures of remediation activities
Coordinate, supervise, and manage the quarterly audit exercise.
Review IT roles & responsibilities to ensure segregation of duties and succession planning.
Carryout review of the Group’s data security, threat intelligence, vulnerability management, and security monitoring activities
Revenue assurance (income and expense verification) using CAATs and other techniques
Business Continuity and Disaster Recovery Audit
Assist with the assessment of IT-related changes; and implementation of security patches.
Test the design and implementation of IT controls, including the control operating effectiveness.
Assist in the remediation of control gaps where they exist
Training and continuous improvement of self and team members
Proposing amendments to SOPs in line with best practices and current practices in the industry.
Development and continuous update of audit checklist
Innovative use of available resources to achieve set targets
Preparing and updating control logs
Any other ad-hoc assignment assigned by the Head, of Internal Audit
Ideal candidates should
Be self-motivated with the ability to handle multiple, complex priorities and deadlines simultaneously
Have the ability to work with minimal supervision and pay attention to details.
Have good business writing and communication skills
Be an analytical/critical thinker with problem-solving skills
Have IT Audit & Investigation/risk assessment experience in a business environment
First Degree from a reputable higher institution
CISA Certified
ICAN or ACCA certification is an advantage
Minimum of 5 years experience in Information System audit function in the Insurance/Auditing firm/ financial institution.