2 Job Positions at Prime Insurance Ltd: (Deadline 8 October 2021)

2 Job Positions at Prime Insurance Ltd: (Deadline 8 October 2021)

Internal Audit Manager at Prime Insurance Ltd: (Deadline 8 October 2021)

Job advertisement for Internal Audit Manager Position

1. BACKGROUND

Prime Insurance Limited is an insurance company, established in 1995 by Rwandan investors, a licensed general and life insurance company authorized by the National Bank of Rwanda (BNR).

The Company is seeking to recruit a highly skilled, self- motivated and experienced person to fill the following position:

2. INTERNAL AUDIT MANAGER 

Under the supervision of the Chief Executive Officer, the Internal Audit Manager shall be responsible for establishing annual audit plan to be approved by Audit and Risk management Committee, reviewing the audit draft reports from subordinate prior being submitted to Audit and Risk management Committee, Making follow up for the implementation of audit recommendations from both internal and external auditors, ensuring the availability of reports for every audit/investigation assignments, quarter and annual audit reports.

Job Title: Internal Audit Manager

Supervisor: Chief Executive Officer & the Board audit committee

Duration: Open ended

Salary: Competitive package based on qualification and experience

Closing Date: Friday, October 08th 2021 (5:00 PM, Kigali time)

a) RESPONSIBILITIES:

1. Establishing annual audit plan to be approved by Audit and Risk management Committee;
2. Ensuring the implementation of audit policy and procedures manual;
3. Ensuring highest performance of internal audit department;
4. Reviewing the audit draft reports from subordinate prior being submitted to Audit and Risk management Committee;
5. Monitoring and coordinating the activities of internal audit function;
6. Making follow up for the implementation of audit recommendations from both internal and external auditors;
7. Providing advisory services in relation to financial and other control issues;
8. Ensuring the adequacy of actions by management in response to internal audit’s recommendations and those made by the External Auditors;
9. Advising on and reviewing  the practices for identification and management of risks at the company;
10. Ensuring that the appropriateness, reliability, and integrity of financial and management information and reports issued by the company;
11. Ensuring the availability of reports for every audit/investigation assignments, quarter, and annual audit reports;
12. Assess the performance of personnel under his or her span of control; and
13. Carrying out the administrative work of the department.

b) JOB SPECIFICATION

Qualifications

• Bachelor degree in finance, accounting; or any related field
• Full Certified Internal Auditor, or holding full CPA or full ACCA certificate
• 7 years of progressively responsible full-time experience as an auditor of which 3 has been passed working as a senior manager of the organization or as a board member of a financial institution.
• Having experience in insurance sector is added advantage
• Mastering both French and English
• Being Rwandan by nationality
• Age maximum 45

Required Skills:

Technical

• Strategic planning and analysis
• Presentation skills
• Ability to focus on detail and big picture
• Ability to work under Pressure
• Proficiency in record keeping and Data analysis

Methodological

• Analytical thinking
• Initiative
• Judgment
• Report writing
• Able to deal with multiple objectives and sources of information

Social

• Relationship building and persuasive skills
• Able to challenge and be challenged
• Ability to cross-reference argument
• Accuracy
• Endurance
• Team player
• Systematic worker
• Integrity

3. APPLICATION PROCEDURE:

Please submit to PRIME INSURANCE Ltd email address: [email protected] the following as one (1) document:

• Application letter with signed Curriculum Vitae
• Copy of work certificate
• Copy of academic documents (transcripts, degree & professional course certificates)
• Copy of national identification card

•  Contact details of three references

 Applications should be addressed to the Chief Executive Officer of PRIME INSURANCE Ltd not later than October 08th, 2021 at 5 pm local time and only qualified candidates will be contacted.

NB: Email subject should indicate Position title.

Signed by:

Chief Executive Officer

Anti-fraud Investigation Senior Officer at Prime Insurance Ltd: (Deadline 8 October 2021)

Job advertisement for Anti-fraud Investigation Senior Officer Position

1. BACKGROUND

Prime Insurance Limited is an insurance company, established in 1995 by Rwandan investors, and authorized by the National Bank of Rwanda (BNR) to operate a general insurance business in Rwanda.

The Company is seeking to recruit a highly-skilled, self-motivated and experienced person to fill the following post:

2. Anti-fraud Investigation Senior Officer

Under the supervision of the Internal Audit Manager, the Anti-fraud Investigation Senior Officer shall ensure effective fraud investigation by evaluating and providing advice on matters including but not limited to deterring, detecting, recording, and reporting fraud.

Job Title: Anti-fraud investigation Senior Officer

Supervisor: Internal Audit Manager

Duration: Open-ended

Salary: Competitive package based on qualification and experience

Closing Date Friday, October 08th, 2021 (5:00 PM, Kigali time)

a) RESPONSIBILITIES:

1. Conducting investigations related to fraud perpetrated in all the areas of company’s activities (finance, underwriting, Claims, IT & Human resources) in accordance with the anti – fraud and whistleblowing policies.
2. Preparing, gathering, and documenting all necessary  resources for conducting an investigation
3. Conducting inquiries to verify fraud and detect the pattern behind dubious activities to take advantage of the company
4. Conducting research/interviews to identify and resolve cases of fraud
5. Handling cases of suspicious fraud to confirm if an incident is intentional or staged.
6. Conducting investigations, research, and interviews to obtain information regarding the nature of fraud.
7. Visiting the scene of an incident, taking photographs, and collecting useful evidence if necessary.
8. Viewing video footages to establish the facts of a case (if necessary).
9. Analyzing relevant documents, evidence, and financial records to establish the pattern of insurance and financial frauds.
10. Preparing and reporting to the central bank all fraudulent acts of the Board members or senior management
11. Prepare the quarterly frauds report to be submitted to the Central bank and Association of insurers within 15 days before the end of the reference quarter using the appropriate template
12. Preparing investigation reports to be submitted to the company management to guide their decisions as well as give recommendations on appropriate steps necessary for minimizing risk of fraud.

b) JOB SPECIFICATION

Qualifications

• Bachelor degree in law;
• Certified Internal Auditor or CPA or ACCA certificate;
• Three (3) years of progressively responsible full-time experience in prosecution or forensic audit
• Being Rwandan by nationality
• Age maximum 35

Skills:

• Computer skills
• Report writing skills
• Communication and Negotiation skills
• Ability to follow specified Procedures
• Ability to work under  Minimum supervision
• Ability to work under  Pressure without compromising the quality of work
• Proficiency in record keeping and Data analysis

3. APPLICATION PROCEDURE:

Please submit to PRIME INSURANCE Ltd email address: [email protected] the following as one (1) document:

• Application letter with signed Curriculum Vitae
• Copy of work certificate
• Copy of academic documents (transcripts, degree & professional course certificates)
• Copy of national identification card

•  Contact details of three references

Applications should be addressed to the Chief Executive Officer of PRIME INSURANCE Ltd not later than October 08th 2021 at 5 pm local time and only qualified candidates will be contacted.

NB: Email subject should indicate the position title.

Chief Executive Officer