Internal Audit Manager

SUMMARY 

Responsible for evaluating and enhancing the efficacy of risk management practices, internal controls and governance processes across the organization. This role will manage staff and audits at the same time, with an extensive knowledge of the insurance industry and audit processes. This role will work closely with the Director of Internal Audit to develop and implement a comprehensive risk-based audit plan.

ESSENTIAL DUTIES AND RESPONSIBILITIES  

•    Executes the enterprise-wide annual risk assessment process and assists in developing the annual audit plan incorporating management insights, emerging trends, and regulatory changes within the industry.

•    Leads the full audit lifecycle (planning, execution, reporting and remediation status) for financial, compliance, and operational audits.

•    Prepares timely and comprehensive audit reports to communicate results and recommendations to management.

•    Develops recommendations to strengthen internal controls, improve business processes, and verify that proper internal control safeguards are in place.

•    Reviews responses to audit reports, initiates follow-up action, and provides control advice to management to ensure that appropriate action is taken on all recommendations

•    Manages, developes and reviews staff workpapers and deliverables on audit assignments providing supportive guidance and constructive feedback.

•    Hires and trains team members to promote strong knowledge, skill base and professional development

•    Fosters collaboration among team members and business partners throughout the organization.

•    Participates in advisory reviews and special projects as needed.

•    Manages multiple demands to achieve optimal efficiency and productivity while ensuring business deadlines and requirements are met.

•    Partners 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.

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

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

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

•    Performs all duties in accordance with all company policies and procedures, and all federal, state and local laws, wherein the Company operates.

•    Performs other duties as assigned.

QUALIFICATIONS 
EDUCATION / EXPERIENCE 

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

Seven (7) or more years of related experience in either public accounting or internal auditing within the insurance industry

Three (3) or more years of managerial experience

Understanding of the insurance industry

Certified Public Accountant (CPA)

CIA - Certified Internal Auditor

Certified Fraud Examiner (CFE)

Certified Information Systems Auditor (CISA)

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

Ability to work independently and effectively monitor own performance to ensure plans, schedules, and budgets are met

Excellent written, oral and presentation skills

Excellent relationship building and interpersonal skills are essential

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

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

Effective working knowledge of Excel, Microsoft Word and PowerPoint

Excellent verbal and written communication skills

Knowledge of audit data extraction and analysis (or interest to develop knowledge) is strongly preferred

Excellent problem solving, analytical and organizational skills

Commitment to compliance and accountability

Exhibits strong drive for results and success; conveys a sense of urgency to achieve outcomes and exceed expectations

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