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BarmeniaGothaer

Mutual insurer offering private, corporate insurance

Internal Auditor - Investment Management

Full-Time
No salary listed
Mid
Bachelor's
Wuppertal, Germany
HybridUp to 60% mobile work is available.
Risk & ComplianceInternal Audit & Controls

About the job

Requirements
  • A successfully completed degree in a business-related field or an equivalent qualification.
  • Experience in internal auditing or external auditing, ideally in financial services or at an asset management company.
  • Alternatively or additionally, sound knowledge of asset management and a good understanding of financial instruments.
  • Knowledge of relevant regulatory requirements for insurance companies and/or securities institutions.
  • Strong analytical and organizational skills, sound judgment, and the ability to present complex relationships appropriately for the target audience.
  • Good communication skills and the ability to work effectively in a team.
Responsibilities
  • Plan, prepare, and independently conduct internal audits.
  • Audit the front, middle, and back offices of the investment management company.
  • Analyze business processes, identify risks and improvement opportunities, and verify compliance with regulatory and internal requirements.
  • Evaluate audit results, summarize findings, and prepare clear, concise audit reports including recommendations for action.
  • Monitor implementation of recommended measures and support successful change implementation.
  • Work with the team to continuously improve internal audit processes and expand knowledge into other audit areas.
Desired Qualifications
  • Experience in internal or external auditing in the financial services sector or at an asset management company.

About the company

BarmeniaGothaer is a mutual insurance group formed in 2024 by the merger of Barmenia Versicherungen and Gothaer Versicherungsbank VVaG, serving about eight million clients. It offers a full range of private and corporate insurance, including property and casualty, health, life, and retirement planning, and operates BarmeniaGothaer Asset Management with around €50 billion in assets. As a policyholder-owned mutual, premiums fund coverage and services, emphasizing long-term stability and customer benefit. The merger combines Gothaer’s strength in SMEs and commercial lines with Barmenia’s focus on retail and health, aiming to grow its market position in Germany.

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Cologne, Germany

Founded

2024

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Simplify's Take

What believers are saying

  • S&P upgraded Gothaer entities to A+ in 2026, signaling stronger capital and execution.
  • September 2026 launches include Lunara+ telehealth fertility care and Lonely-Lotse support.
  • The company extended Cologne-Zollstock leases to 2035, anchoring integration and employer stability.

What critics are saying

  • Andreas Eurich exits in December 2026, removing a merger architect during integration.
  • BarmeniaGothaer must merge systems, sales channels, and cultures across Wuppertal and Cologne.
  • Munich Re, Allianz, and AXA keep squeezing margins in German private health and SME insurance.

What makes BarmeniaGothaer unique

  • Germany's first major mutual-insurer merger in decades created unmatched scale and policyholder ownership.
  • BarmeniaGothaer combines Gothaer's SME strength with Barmenia's retail and private-health franchise.
  • Asset Management now controls about €53 billion, ranking among Germany's top ten insurers' managers.

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Benefits

  • Training Programs
  • Mentorship Program
  • Professional Development Budget

Company News

IPE
Jan 10th, 2025
German insurers create €50bn asset management company

The transfer of assets under the new firm follows the merger of the two insurance companies officially completed last September