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Executive - Audits and Compliance

Executive – Audits and compliance


Union Assurance is a leading corporate and the fastest growing entity in the Life Insurance industry backed by the strength and stability of John Keells Holdings PLC, one of Sri Lanka's largest conglomerates. For the 9th consecutive year, the company has received the GPTW certification as a ‘Best Employer Brand,' and in 2020 was awarded the ‘Global Employer Brand’ by the World HRD Congress.


The Job :


The person will be responsible for providing Business Insights to the Head of Divisions of Life division to ensure the business objectives are met while assuring the quality and profitability of the business. Also the selected candidate will provide leadership to Internal Audit team and ensure the divisional controls and compliances are adhered & implement IFRS17 related changes in the Life Division.


Qualifications and Experience:

  • Full or part Qualification in CIMA/ CII Insurance Exams. 
  • Minimum 2 years’ experience in Insurance industry in Audits, Business MI
  • Education related to Mathematics/ Statistics will be an added advantage
  • Knowledge on internal and external audit process/ scope preparation.
  • Broad knowledge on Insurance practices & Regulatory framework
  • Broad knowledge on Microsoft office applications.
  • Ability to work under minimum supervision, multi-task, and work under pressure.



Principle Accountability:


  • Facilitate timely completion of Audit process. Manage all Life Ops related audit concerns.
  • Conduct internal audits.
  • Follow up on Audit observations and implementation timelines.
  • Identify Key Business performance indicators of Life operation departments to provide business insight reports on regular basis to the management.
  • Review/ Automate MI generation/ Business insight report.
  • Provide MI to IRCSL on Audits within the agreed timelines.
  • Identify the impact of IFRS17 on Life division Processes/ products and Practices.
  • Complete the responsibilities/ Tasks assigned in the IFRS17 implementation project within the deadlines.
  • Provide support and guidance to the Life division team in preparing system specifications in new product developments and new initiatives and process improvements.



The selected candidate for the above position will be entitled to an attractive remuneration package. Applicants who are interested are encouraged to apply on or before 15th December 2022.

Union Assurance PLC