The Internal Audit Director is responsible for leading the internal audit function, evaluating the effectiveness of internal controls, and providing assurance on the company’s risk management processes. The ideal candidate will have a strong background in internal audit Health and Life insurance industry and a proactive approach to identifying and mitigating risks.
Responsibilities
Develop and execute risk-based audit plans in accordance with industry standards and regulatory requirements
Lead internal audits of key business processes, including underwriting, claims, finance, and operations
Assess the effectiveness of internal controls and compliance with company policies, procedures, and regulatory requirements (Sarbanes-Oxley)
Lead and analyze walkthroughs, evaluate results, and develop conclusions about the adequacy of internal controls, documenting the work performed and conclusions according to company standards
Identify and communicate audit findings and recommendations to management, including opportunities for process improvements and risk mitigation
Collaborate with cross-functional teams to implement audit recommendations and monitor remediation efforts
Stay current on changes in industry regulations and best practices, assessing their potential impact on the company’s risk profile
Provide guidance and support to junior staff members, fostering a culture of continuous learning and development
Requirements
Bachelor’s degree in Accounting, Finance, or related field
CIA, CPA, CISA, or other relevant certification
7+ years of progressive experience in internal audit roles in the insurance industry
Strong understanding of insurance industry regulations and best practices, including underwriting, claims, and financial reporting
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
Industries
Insurance
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