Director of Internal Audit

SUMMARY 

Responsible for setting up the company's internal audit function and providing strategic direction, leadership, and coordination of the Company's Annual Audit Plan. This role involves the creation, execution, and review of various audits and evaluations of internal processes, the assessment of the effectiveness of internal controls, ensuring compliance with industry regulations/standards, and contributing to the overall risk management strategy. The role partners with the business to elevate risk-awareness within the organization, as well as drive enhanced control environment through value-add recommendations.

ESSENTIAL DUTIES AND RESPONSIBILITIES  

• Directs, designs and executes a comprehensive enterprise-wide internal auditing strategy and function, adhering to auditing standards and regulatory requirements.

• Lead and conduct risk-based audits by analyzing and evaluating the adequacy and effectiveness of financial, operational, and compliance related controls.

• Plan and conduct internal reviews and audits to ensure compliance with applicable federal, state and local laws and regulations, accrediting agency standards, and within generally accepted accounting principles and auditing standards.

• Develop and maintain a comprehensive understanding of the company's business operations, systems, policies, and procedures.

• Designs and Implements the auditing governance framework and procedures to attain long-term auditing objectives.

• Directs the projects, teams, and tasks required to produce annual audit plans.

• Engages with other functions across the enterprise, like risk, business intelligence, finance, information technology, security, and front office operations to facilitate audits.

• Prepares timely and comprehensive internal audit reports for submission to the Audit Committee, President and senior management, and recommends enhanced controls or processes to improve fiscal and operational performance as needed.

• Coordinate with senior management and the external auditors to maximize year-end audit efficiency and effectiveness.

• Builds an internal audit team and leads the day-to-day operation of the department including hiring, training, goal setting, staffing, risk assessment, project management, and management reporting. Build expertise through coaching, mentorship and developmental initiatives.

• Work with Internal Audit Committee along with corporate and brokerage services leaders to identify potential areas of risk and develop strategies to mitigate them.

• In partnership with Human Resources and executive leadership as appropriate, investigates allegations of potential fraud related activity/behavior of employees relative to the execution of their duties and external inquiries of this type, if needed.

• Stay abreast of industry trends, emerging risks, and regulatory changes that may impact the company's audit activities.

• Perform Internal controls assessments of acquired companies and lead efforts to mitigate identified control deficiencies.

• Participate in critical business and technology initiatives and projects ensuring that audit’s perspective is effectively voiced and appropriate controls are designed and implemented.

QUALIFICATIONS 

EDUCATION / EXPERIENCE 

Bachelor's Degree or equivalent combination of education and experience, in relevant field preferably Accounting or Finance

Ten (10) or more years of related experience in internal audit, public accounting and/or accounting.

Five (5) or more years of managerial experience

Understanding of the insurance industry

Certified Public Accountant (CPA)

CIA - Certified Internal Auditor

SKILLS

Strong knowledge of standards, procedures, and general auditing policies including Generally Accepted Auditing Standards

Knowledge of accounting and finance principles and Practices

Knowledge of a variety of reporting procedures, regulations and law

Excellent written, oral and presentation skills

Must have a comprehensive understanding of Internal Audit standards, procedures, and methodology

Self-starter with strong organizational, planning, time management and problem-solving skills

Advanced computer skills including MS Office and Data Analytics tools and analytical skills

Excellent verbal and written communication skills

Critical thinking and analysis

Excellent problem solving, planning and organizational skills

Commitment to compliance and accountability

Technology Proficient (Excel, Word, PowerPoint and Visio)

#LI-AT1