Insurance/Reinsurance Internal Audit Manager

Company

Multibillion dollar publicly traded global reinsurance and insurance organization with principal operations in New York, New Jersey, Connecticut, Bermuda and London. 

 

Position

Provide objective analyses of financial, operational and risk management processes by planning and executing internal audits. This individual will interact with executives and officers across multiple lines of business and operations and report to the vice president of internal audit. This position can be based in White Plains, N.Y. or New York, N.Y., with approximately 20-30% travel.

 

This value driven department is seeking an additional team member to assist in the SVP and VP in the development and operation of this audit department. Currently, a “Big 4” accounting firm provides the resources that will be filled by this position. This position provides unparalleled opportunity to learn about the organization’s various businesses and operations and can lead to career opportunities outside and within the internal audit department.

 Primary Responsibilities

Review operational processes/procedures and evaluate controls across the global insurance and reinsurance businesses, including areas such as risk management, underwriting, premiums, policy/contract administration, claims, reinsurance, MGA/TPA management, investment management, financial reporting and information technology. In addition, the Internal Audit Manger will:

· Establish the objectives and scope for each audit, execute procedures, discuss observations with officers, and prepare reports.  Ensure audits are executed and reported on within agreed-upon timetables and budgets.

· Identify recommendations to improve operational effectiveness and efficiency.  Facilitate the sharing of best practices across the organization’s entities.

· Work collaboratively and develop strong relationships with business units and operational areas, build respect for the audit function, and develop the organization’s understanding of and appreciation for a strong control environment. 

· Coordinate procedures with a separate SOX deployment team and external auditors. Display teamwork, integrity and leadership.

· Effectively communicate audit observations, including discussions with executives and with clear and concise written reports.

· Evaluate the effectiveness of business and operating groups’ actions in response to internal audit observations as well as monitor the status of these actions.

· Develop internal audit policies and procedures, including implementing tools to enhance internal audit’s effectiveness and capabilities.

· Participate in internal audit’s annual risk assessment and plan development. Qualifications

The right candidate should possess broad based technical skills and a high energy level in order to effectively carry out the responsibilities outlined above.  Qualifications include:



· Three to seven years of combined audit and finance experience, preferably with a property/casualty insurance and/or reinsurance organization or public accounting firm.

· A strong desire to add value and succeed as a member of the Internal Audit Services team and the ability to assume increased responsibilities within a dynamic and growing organization.

· Highly effective interpersonal & communication skills with the ability to function in a team environment.

· Bachelors Degree in Accounting, Business Administration or Finance. Recognized accounting/auditing qualifications (e.g. CPA, CIA,) desirable.

· Insurance/reinsurance industry knowledge.

· Sound understanding of internal audit procedures, testing, and reporting standards.

· A strong work ethic and ability to work autonomously while effectively managing expectations.

· Outstanding intellect, interpersonal skills and self-confidence.