Key Responsibilities:
- Audit Planning and Execution:
- Develop and execute comprehensive audit plans to assess the adequacy and effectiveness of internal controls.
- Conduct risk assessments and identify areas for process improvements.
- Perform audits in accordance with industry standards and regulatory requirements.
- Risk Management:
- Evaluate the company’s risk exposure and identify strategies for mitigating risks.
- Collaborate with cross-functional teams to implement risk management initiatives.
- Stay abreast of industry trends and regulatory changes to ensure compliance.
- Compliance Oversight:
- Monitor and ensure compliance with relevant laws, regulations, and internal policies.
- Provide guidance to business units on compliance matters and implement corrective actions as necessary.
- Reporting and Communication:
- Prepare clear and concise audit reports for senior management and stakeholders.
- Communicate audit findings and recommendations effectively, fostering a culture of accountability and continuous improvement.
- Team Leadership:
- Lead and mentor a team of internal auditors, fostering a collaborative and high-performance work environment.
- Conduct training sessions to enhance the team’s skills and knowledge.
Qualifications:
- Bachelor’s degree in Accounting, Finance, or related field
- CPA or CIA certification required (in process MAY be accepted, if close to certification).
- Proven experience (5+ years) in internal auditing within the insurance industry.
- Strong knowledge of insurance operations, regulations, and risk management principles.
- Excellent analytical and problem-solving skills.
- Effective communication and leadership abilities.
