Finance Audit Lead Analyst - Cigna Healthcare

About the Job
The company is seeking a Finance Audit Lead Analyst to support the execution of risk-based internal audit activities across healthcare insurance operations in Saudi Arabia.

Reporting to the Financial Audit Senior Advisor, the successful candidate will support operational, compliance, and governance reviews by performing audit fieldwork, control testing, process assessments, and remediation follow-up activities. The role will contribute to strengthening governance, risk management, and internal control practices across the organisation while supporting the continued development of the Internal Audit function.

This opportunity is suited to a mid-level professional with experience in insurance, healthcare, financial services, risk, compliance, audit, or operational functions within a regulated environment.

You'll Be Responsible For:
The Internal Audit Lead Analyst will support the Head of Internal Audit – KSA in the execution of the audit plan and leading end-to-end audits. This role combines technical audit delivery with leadership, offering a meaningful opportunity to ensure strong governance practices are in place, including internal controls across the company's KSA operations.

• Lead end-to-end execution of audits including planning, fieldwork, and reporting across operational, financial, and compliance areas in accordance with the approved audit plan and ensure that documentation is prepared in line with the audit methodology and standards.
• Assess business processes to provide assurance over the effectiveness of internal controls, and identify key risks and control gaps, offering practical and value-adding recommendations and driving issue resolution.
• Collaborate with the company's KSA functions including Finance, Quality Assurance, Compliance, and Risk Management to promote a unified approach to assurance.
• Engage in risk assessment activities and contribute to the development and refinement of the annual audit plan.
• Support tracking and validation of management action plans arising from audit findings.
• Contribute to internal knowledge-sharing, continuous improvement, and the adoption of best practices in auditing.
• Manage multiple priorities and tight deadlines in a dynamic environment.
• Build and maintain strong relationships with internal stakeholders to promote a culture of risk awareness.
• Communicate audit findings and recommendations clearly and constructively.
• Perform any ad-hoc duties as assigned.

Audit Execution and Fieldwork

• Support the execution of operational, compliance, and risk-based audit assignments in accordance with the approved audit plan.
• Conduct audit fieldwork, process walkthroughs, control testing, and evidence gathering activities.
• Prepare and maintain audit working papers and supporting documentation in line with Internal Audit standards and methodology.
• Assist in identifying control weaknesses, process inefficiencies, and opportunities for improvement.
• Support root cause analysis and the development of practical recommendations.

Audit Reporting and Follow-Up

• Assist in preparing audit observations, findings, and reports for management review.
• Monitor and track management action plans arising from audit engagements.
• Conduct follow-up activities to assess progress on agreed remediation actions.
• Support validation and closure of audit findings.
• Maintain accurate audit documentation and audit records.

Operational Reviews and Regulatory Compliance

• Support reviews covering healthcare insurance operations, including claims, underwriting, delegated authority arrangements, and third-party service providers.
• Assess compliance with applicable regulatory requirements, internal policies, and governance frameworks.
• Support audit activities related to CCHI requirements, Insurance Authority regulations, and internal control obligations.
• Participate in operational risk assessments and control reviews across business functions.

Stakeholder Management

• Engage with business stakeholders to obtain information and support audit activities.
• Build effective working relationships across Operations, Claims, Underwriting, Compliance, Risk, and Finance teams.
• Participate in stakeholder meetings, walkthroughs, and audit discussions as required.
• Support communication of audit findings and recommendations to relevant stakeholders.

Continuous Improvement

• Contribute to the enhancement of audit methodologies, reporting practices, and documentation standards.
• Support the adoption of data analytics and technology-enabled auditing techniques.
• Participate in knowledge-sharing and continuous improvement initiatives.
• Undertake additional responsibilities as assigned by the Financial Audit Senior Advisor.

What We're Looking For
Required Qualifications & Experience

• Bachelor's degree in Accounting, Finance, Risk Management, Economics, Audit, Business Administration or a related discipline.
• 4-6 years of professional experience within insurance, healthcare, healthcare providers, financial services, risk management, compliance, internal controls, audit, claims, underwriting, or operational functions.
• Understanding of internal audit principles, control frameworks, and risk management concepts.
• Familiarity with audit fieldwork, testing methodologies, reporting and remediation follow-up activities.
• Knowledge of business processes and operational controls within regulated environments.
• Strong analytical, organizational, and problem-solving skills.
• Effective verbal and written communication skills.
• Ability to manage multiple priorities and work collaboratively with internal stakeholders.

Preferred Qualifications

• Experience within health insurance, healthcare providers, hospitals, or healthcare administration environments.
• Exposure to claims, underwriting, compliance, risk management, or operational controls.
• Knowledge of Saudi healthcare insurance regulations and CCHI requirements.
• Familiarity with COSO or other recognized internal control frameworks.
• Professional certifications such as CIA, SOCPA, CPA, or ACCA, or active pursuit of a relevant qualification.
• Exposure to data analytics and reporting tools.
• Arabic language proficiency.

Why Join Us

• Competitive salary.
• Multicultural and hybrid working environment.
• Private Medical Insurance.
• Employee Wellbeing Benefits.
• Educational Development Program.