Audit Manager / Senior Auditor General Insurance Statutory Audit (Contractual)

• Audit Manager / Senior Auditor General Insurance Statutory Audit (Contractual)
• Company: Nirupam and Associates
• Job Location: Bengaluru, Karnataka, India
• Employment Type: Full-time
• Experience Required: 2+ years
• Salary: 50K60K a month
• About Us

Nirupam & Associates is a Bengaluru-based Chartered Accountant firm practising in audit, income tax, GST and ROC compliance. We have been appointed by the C&AG as Statutory Auditors of the Bengaluru Regional Office of a leading public sector general insurance company for FY 2026-27. We are looking for experienced professionals to join the engagement team on a contract basis. We use AI tools in our audit workflow and want people who are comfortable doing the same.

• Engagement Scope
• The audit covers the Regional Office, its branch offices, an ATOO and the Claim Hubs.
• Deliverables include:
• Independent Auditors Report with LFAR, notes and disclosures

Report on Internal Financial Controls under Section 143(3)(i) of the Companies Act, 2013C&AG Directions and Additional Directions under Section 143(5)Consolidated Tax Audit Report (Form 3CD)ETASS certification and Group Audit Instruction reporting to the Central Statutory Auditors

• Key Responsibilities
• Plan and execute the audit of premium, claims (outstanding and paid), IBNR inputs, reinsurance and co-insurance balances
• Verify agent and broker commission, premium deposits, unallocated receipts, and cash/bank reconciliations
• Review inter-office accounts, fixed assets, expenses of management, and TDS/GST compliance
• Test internal controls and prepare IFC working papers
• Draft LFAR responses, C&AG Directions replies and Group Audit Instruction reporting

Use AI and analytics tools to speed up routine audit work, such as large-population testing, reconciliations, anomaly and exception detection, document review and first drafts of working papers

• Coordinate with the Regional Accountant and branch officials, and guide junior team members
• Keep audit documentation on schedule for the 9 April 2027 sign-off deadline
• Requirements
• Qualified CA (preferred) or CA Inter / semi-qualified with strong audit exposure
• Mandatory:

at least one prior statutory, branch or RO audit of a general insurance company (New India, United India, Oriental, National or a similar PSU/private insurer)Working knowledge of IRDAI accounting regulations, insurance financial statement formats and LFAR for insurers

Familiarity with C&AG Directions under Section 143(5) and IFC reporting

Practical working knowledge of AI tools in audit: you should be able to explain how you have used tools like Claude, ChatGPT, Excel/Copilot, Python or Power Query for tasks such as JE testing, data cleaning, reconciliations or drafting.

• You must also be able to review and verify AI output rather than rely on it blindly.
• Strong Excel skills
• Understanding of client data confidentiality:
• client data may be processed only on firm-approved tools and accounts
• Available full-time on-site for the contract period, including the MarchApril closing
• Good to Have
• Exposure to claims hub or motor TP claims audit
• Experience with Ind AS / IFRS 17 reporting packs for insurers
• Basic Python or SQLKannada language skills
• How to Apply
• Apply through Indeed with your CV.
• In your application, briefly mention:
• Your previous insurance audit assignments (insurer, office, year, your role)One example of how you have used AI tools in an audit or accounting task
• Compensation: 50,000.00 - 60,000.00 per month
• Application Question(s):
• Do you have expereince in Audit of PSU Insurance companyAre you a Qualified CA or Semi Qualified CA Experience:
• Auditing:
• 2 years (Required)Location:
• Bangalore City, Bengaluru, Karnataka (Required)Willingness to travel:
• 25% (Required)Work Location: In person .