Ilaria Giorgi

Hi

I am Ilaria, I am graduated in business studies and I have a post gratuation specialization in Financial sector ( Insurance).

I worked in Insurance company 13 years old and the last 11 as internal auditor. 

I worked in International Italian Insurance Group, Assicurazioni Generali, as  Internal Auditor, 2008 to 2019

My areas of responsibility were:

Executing audit from the planning phase till the Follow up, it means :

Organizing and coordinating different types of meetings (kick-off, exit, closing), discuss and agree several issues with the business management

define the testing strategy and writing the testing results

writing audit report

Performing the risk assessment during the annual planning procedure for the audit cycle

Providing training to junior auditors

Other activities including:

testing regarding the Sarbanes Oxley act – SOX, Testing design and effectiveness of the accountant procedures

checking the accuracy and completeness maintenance of the complaints register (this register is mandatory in the insurance field and a breach of law causes fines). 

I had several opportunities to improve my skills:

Traveling across Italy working in different companies of the group, for instance insurance and investment. I also visited insurance agencies and settlement claim centers.

Working during a merge of two companies. The main focus being to audit the processes, as there were many Grey areas with unclear responsibilities which needed to be structured and clarified.

Adapting myself to different stakeholders. I had to learn strategies to apply an active and efficient communication (for instance, sharing schedules or details about the propose with the aim to engage the management)

Working across multiple teams and learning to adapt to different conditions. Always with the goal to deliver the best work possible and to encourage others to share their ideas in a spirit of open collaboration.

My previous experience:

• Underwriter in two different Insurance Companies as:

securities underwriter

motor underwriter.

I've learned to:

study the underwriting condition and the risk appetite of the Company

collect the needed information for assess the eligibility of the proposal

handle different type of software

• Educational sector, in a private school, meanwhile I was attending my second level Master degree.

My qualities

I feel myself an open and collaborative person with good people skills. I'm very enthusiastic to collaborate with people, share my experience and embrace others ideas.

Sep 2021 – Today Daniele Giunchi - Freelancer programmer

Role Secretary

Responsibilities Organizing documents and paperwork

Scheduling meeting

Issuing invoices

Jan 2015 – Mar 2019 GENERALI ITALIA S.P.A.

Role Internal Auditor - Operational Life Audit Dept

Responsibilities Execute individual risk-based audits and

delivery of high-quality audit service:

Develop a clear understanding of the Audit scope defined within the annual planning documents

Contact and notify the business key stakeholders to ensure they were aware of the upcoming engagement

Identify the critical risk of the engagement and start the initial business analysis

Organize and coordinate the kick-off meeting with the key stakeholders. Discuss and agree on the audit scope, timelines, and logistics

Assess the extent to which the controls are mitigating the risks. Write a clear documented strategy for operational effectiveness testing

Assess residual risk and overall risk and control environment

Organize and coordinate the exit meeting, discuss and review the issues that emerged from the fieldwork

Write a clear and concise final audit report

Organize and coordinate the closing meeting and agree on the draft report with the business management

Concerning: Life business (e.g., transfer of pension funds, settlement processes) and anti-money laundering process.

Application of a risk-based approach in the annual planning activities:

Perform the inherent and residual risk assessment for life-business processes during the annual planning procedure

Management of issue follow up

Contribution in the preparation of a monthly and quarterly update paper for the Executive Board &

Audit Committee

Execution of special audits requested by the Regulator (e.g., IVASS, COVIP)

Performing deep dives on demand from the Chief of Internal Audit about complaints trends and results

Providing training on junior auditors

Reviewing process after company fusion (e.g., Mathematics reserve)

Performing consultant audit for the new release of the informative system

Working-group participation for the creation of “TeamSite” (share-point/collaboration tool for the Audit community)

Oct 2008 – Jan 2015 ASSICURAZIONI GENERALI GROUP S.p.A. 

until 01/06/2013 and then the new company of country Italy, Generali Italia S.p.A (in Rome).

Role Internal Auditor - Group Audit Dept

Responsibilities

Execute individual risk-based audits and delivery of high-quality audit service:

Interview key members of management and staff and perform walk-through to gain a precise understanding of the business including its processes and systems

Review key documentation/reports and management information

Test that key controls operate effectively

Concerning: Non-life business, focused on claims, technical reserve and underwriting for specific policies; Organization of some process of the investment company; Governance e.g., the outsourcing process

Analysis of the correctness of administrative and accounting procedures (Sarbanes Oxley act - SOX)

Audit in the site of the agencies and in settlement claim centres

Test of the accuracy and completeness of complains register

Assistance to the external auditing (PWC, EY) for annual balance sheet check

Feb 2008 – Oct 2008 GROUPAMA ASSICURAZIONI S.P.A. 

Role Internal Auditor

Responsibilites

Test of the accuracy and completeness of complains register

Participation in Deloitte Team for an audit (new regulation on job security) about a new company acquisition (Previously called “Nuova Tirrena S.p.a.”)

Jun 2007 – Feb 2008 GROUPAMA ASSICURAZIONI S.P.A. 

Role Securities Underwriter

Responsibilities

Investigation of the level of customer guarantee through analysis of the financial statements and tax return models

Dec 2006 – Jun 2007 SARA ASSICURAZIONI S.P.A.

Role Motor Underwriter

Responsibilities

Studying insurance proposals

Gathering and assessing background information to assess the risk involved adequately

Nov 2005– Jun 2006 "MARCO POLO CENTRO STUDI" Terni

Role Teacher of Business Study - Financial Mathematics

Teaching for the subjects: business economics and financial mathematics

Management of study groups

Preparing students for exams at the public educational institution.

University La Sapienza of Rome, Italy

Second Level Master in “Financial management of

banking and insurance” (2007)

University La Sapienza of Rome, Italy

Master Degree in Business economics with a specialization in business administration (2005)

I.T.C. "Federico Cesi" in Terni, Italy

Accountant programmer diploma (1998)