[Hiring] Audit Associate for Insurance & Accounting Industry @Asiacruit BPO, Inc.

Role Description

We are seeking an Audit Associate to support audit, accounting, and financial reporting activities within the insurance and accounting industry. This role will assist with:

• Audit planning, testing, documentation, account reconciliations, financial statement reviews, internal control evaluations, and the preparation of audit workpapers and reports.
• Working closely with audit, accounting, finance, insurance, claims, underwriting, billing, and operations teams to support accurate, timely, and compliant audit engagements.

Key Responsibilities

• Audit Planning and Fieldwork:
  • Assist with planning and executing financial, operational, compliance, and internal control audit procedures.
  • Review general ledger activity, trial balances, account schedules, financial statements, and supporting documentation.
  • Perform audit testing for cash, accounts receivable, accounts payable, premiums, commissions, claims, reserves, investments, and other financial statement accounts.
  • Prepare audit workpapers that clearly document procedures performed, evidence obtained, findings identified, and conclusions reached.
  • Conduct sample testing, transaction testing, analytical reviews, confirmations, and other audit procedures as assigned.
  • Compare financial information to source documents, accounting records, policies, contracts, and applicable reporting requirements.
  • Identify unusual transactions, inconsistencies, control gaps, and potential financial reporting risks for review by senior team members.
• Insurance and Industry Accounting Support:
  • Assist with audits of insurance-related transactions, including premiums, commissions, claims payments, recoveries, refunds, policyholder balances, and carrier settlements.
  • Review policy, billing, claims, underwriting, and payment records for completeness, accuracy, and consistency.
  • Test insurance receivables, payables, loss activity, claims reserves, commission calculations, and policy-related accounting entries.
  • Reconcile insurance subledgers, carrier statements, policy administration systems, claims systems, and general ledger accounts.
  • Investigate discrepancies between accounting records, operational reports, policy records, claims information, and supporting documentation.
  • Coordinate with accounting, finance, underwriting, claims, billing, and operations teams to obtain information and resolve audit questions.
  • Maintain accurate audit evidence and documentation for policyholders, customers, vendors, carriers, and other business partners.
• Financial Reporting and Account Analysis:
  • Assist with the review of balance sheets, income statements, cash flow information, trial balances, and financial statement disclosures.
  • Perform account reconciliations and analyze reconciling items, unusual balances, aged items, and significant fluctuations.
  • Prepare account rollforwards, lead schedules, transaction summaries, aging reports, and other audit schedules.
  • Support the review of journal entries, accruals, estimates, reclassifications, adjustments, and period-end cutoff activities.
  • Perform variance analysis and research changes in account balances, financial ratios, premiums, claims, expenses, and other key metrics.
  • Assist with month-end, year-end, statutory, and regulatory reporting activities as assigned.
• Internal Controls and Compliance:
  • Evaluate the design and operating effectiveness of accounting and operational controls.
  • Document business processes, control activities, risks, walkthroughs, and test results.
  • Assist with testing segregation of duties, approval processes, access controls, reconciliations, and review procedures.
  • Identify control deficiencies, process weaknesses, compliance issues, and opportunities for improvement.
  • Support audits and reviews conducted in accordance with company policies, professional standards, applicable regulations, and reporting requirements.
  • Maintain confidentiality of financial, customer, policyholder, claims, employee, and business information.
• Audit Documentation and Collaboration:
  • Request, organize, index, and review audit evidence and client-provided documentation.
  • Follow up on outstanding information requests and communicate open items to appropriate team members.
  • Prepare clear summaries of audit findings, exceptions, recommendations, and unresolved issues.
  • Assist with drafting management letters, audit reports, schedules, and presentations.
  • Maintain organized electronic files and ensure workpapers meet documentation and quality standards.
  • Participate in audit status meetings, team discussions, client communications, and process improvement initiatives.
  • Support special projects, financial investigations, compliance reviews, and other accounting or audit activities as assigned.

Qualifications

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• 1+ year of experience in auditing, accounting, financial reporting, internal controls, or a related role.
• Working knowledge of accounting principles, double-entry accounting, general ledger activity, and financial statements.
• Basic understanding of audit procedures, audit evidence, sampling, reconciliations, and internal controls.
• Basic understanding of insurance accounting transactions, including premiums, commissions, claims, reserves, recoveries, and policy-related payments.
• Proficiency with Microsoft Excel, including formulas, sorting, filtering, pivot tables, and basic data analysis.
• Experience using accounting software, audit platforms, enterprise resource planning systems, or financial reporting tools.
• Strong analytical skills and attention to detail when reviewing financial information and supporting documentation.
• Ability to organize workpapers, manage multiple assignments, and meet audit deadlines.
• Strong English communication skills, both written and verbal.
• Ability to handle confidential information with discretion and professionalism.

Preferred

• Experience in the insurance, accounting, public accounting, financial services, or professional services industry.
• Experience auditing insurance premiums, claims, commissions, reserves, carrier statements, or policy-related transactions.
• Experience with audit and accounting software such as Caseware, CCH, QuickBooks, NetSuite, SAP, Oracle, Microsoft Dynamics, or similar systems.
• Familiarity with U.S. Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), statutory accounting principles, or insurance accounting practices.
• Experience with financial statement audits, internal audits, compliance reviews, risk assessments, or control testing.
• Progress toward CPA, CIA, CISA, ACCA, or another accounting, audit, or finance-related certification.
• Knowledge of audit documentation standards, professional auditing standards, or regulatory reporting requirements.

Benefits

• Join a collaborative team supporting audit, accounting, and financial reporting operations for organizations in the insurance and financial services industries.
• Develop practical experience across financial audits, insurance accounting, internal controls, reconciliations, and compliance reviews.
• Build valuable technical and analytical skills through exposure to diverse audit engagements and business processes.
• Make a meaningful impact by helping organizations maintain accurate financial records, effective controls, and reliable reporting.
• Receive competitive compensation and opportunities for professional development and career growth.
• Work in a supportive, international environment with exposure to cross-functional teams and industry professionals.