This Internal Audit position is responsible for planning, executing and reporting on operational, financial, IT, regulatory and compliance related audits and reviews. A secondary role is to provide advice on internal controls including responding to questions on risk management techniques.
Primary responsibilities and Duties:
Perform and/or lead financial, IT and operational examinations, including Claims and Underwriting, in accordance with professional audit standards.
Identify, document, and assess business processes and controls in order to evaluate risks and compensating controls.
Preform audit planning/wrap-up.
Document audit issues and recommendations using sound independent judgment.
Where necessary, develop and apply alternative audit procedures beyond those contained in standard Audit Program Guides.
Write audit reports that require minimal revision.
Support and coordinate the execution of Sarbanes-Oxley across the organization.
Maintain audit proficiency through training and professional association memberships.
Revise existing Audit Program Guides and/or develop new ones.
Evaluate the financial health of business partners and clients.
Support the maintenance, testing and training of the Business Continuity Plan.
Coordinate external audits as required.
Prepare the annual financial, IT and operational audit universe.
Participate in special projects as assigned by Management.
Skills and Abilities:
Strong business acumen, risk awareness and common sense.
Build positive working relationships with all customers, in particular with Senior Management Personnel.
Strong work ethic, project management and organizational skills.
Technical knowledge of financial, economic and statistical practices, procedures and principles, as they relate to an insurance company.
Excellent analytical, critical thinking and problem solving skills with the ability to effectively resolve complex situations and issues.
Strong interpersonal and communications skills (written and oral).
Takes the initiative and is self-directed with minimal supervision while remaining mindful of time constraints and objectives.
Creatively and effectively contribute towards challenging business problems and brings solutions and ideas to the table.
Bachelor’s degree in Finance or Accounting from an accredited college or university.
CIA or CPA preferred.
A minimum of 6-10 years commercial property & casualty insurance and internal audit experience.
Strong knowledge of GAAP and Statutory accounting principles as well as claims and underwriting operations.
Computer proficiency in Microsoft Office Excel and Word is a must; knowledge of ACL, PeopleSoft and Audit Management software is a plus.
Strong knowledge of COSO, SOX, and IIA standards and requirements.
Since 1996, Vela Insurance Services, a Berkley Company, has provided innovative insurance solutions to complex risks through our exclusive wholesale brokerage network. With fifteen offices across the United States, our expert underwriters, claims staff, and home office support staff deliver superior service and expertise to our valued wholesale broker partners and insureds.