Internal Auditor
Detailed Job Description
Third Party Administrator Audit & Oversight
- Audit third party administrators responsible for insurance policy administration and claims processing
- Validate the accuracy of policyholder balances, cash values, surrender values, claims calculations, benefit payments, and related financial transactions
- Review systems, data, and operational processes to ensure products are administered in accordance with contractual requirements and product specifications
- Develop and execute risk based audit plans, including defining scope, testing methodologies, and documenting findings
- Identify control weaknesses, operational risks, and process deficiencies that could impact customer outcomes
- Work collaboratively with internal teams and external service providers to resolve audit findings and support remediation activities
- Participate in ongoing oversight and due diligence of outsourced operations
Internal Audit & Compliance
- Support internal audit activities across the organization
- Assist with regulatory compliance and audit documentation
- Prepare audit reports and supporting documentation for governance committees
- Document key operational processes and evaluate the effectiveness of internal controls
- Contribute to continuous improvement initiatives across audit, risk, and operational functions
Skills & Experience
- 4 to 7+ years of experience within the life, health, or annuity insurance industry
- Experience in internal audit, actuarial, risk, operations, or a related analytical role
- Strong understanding of insurance products, policy administration, and claims processing
- Knowledge of cash values, policyholder balances, benefit calculations, and financial controls
- Experience developing and executing audit plans, including testing, documentation, and reporting
- Ability to identify operational risks, control weaknesses, and process improvements
- Experience working with data analysis tools such as SQL or similar technologies
- Interest in using data analytics and AI to support audit and risk assessment
- Strong analytical, investigative, and problem solving skills
- Excellent communication skills with the ability to present findings to senior stakeholders
If interested please reach out to [email protected]!
