Director Of Internal Audit – Insurance

Director of Internal Audit Overview

• The Director of Internal Audit oversees internal audits and SOX compliance processes, ensuring effective controls and adherence to professional standards.
• Plan, lead, and execute risk-based audits while maintaining alignment with organizational values and objectives.
• Collaborate with senior management to develop and implement audit strategies that address key business risks.
• Provide mentorship and guidance to audit team members, fostering professional growth and inclusivity.
• Develop and utilize computer-assisted audit techniques to enhance control testing efficiency.
• Ensure compliance with applicable standards and maintain ethical practices within the audit function.
• Establish strong relationships with management, regulators, and external auditors to support audit objectives.
• Contribute to the organization’s risk management framework by coordinating with second-line functions.
• Lead assessments of third-party controls, including SOC report evaluations and their impact on company controls.

Director of Internal Audit Key Responsibilities & Duties

• Develop and execute a risk-based audit plan in collaboration with senior audit leadership.
• Conduct complex audits of internal controls and SOX compliance, identifying deficiencies and recommending remediation actions.
• Analyze control deficiencies, perform root cause analyses, and assess impacts on financial statements.
• Guide audit teams in executing integrated audits and monitoring progress against objectives.
• Prepare concise audit reports and deliverables, ensuring clarity and accuracy.
• Oversee tracking and reporting of management action plans and audit metrics.
• Maintain compliance with professional standards and ethical practices within the audit function.
• Support administrative activities, including time reporting and issue follow-up tracking.
• Travel domestically up to 20% as needed to support audit activities.

Director of Internal Audit Job Requirements

• Bachelor’s degree in accounting, finance, MIS, risk management, or related discipline.
• Applicable audit certification such as CPA or CIA is required.
• Minimum of 9 years of audit experience, with 15 years preferred.
• Proficiency with audit tools, Microsoft Office applications, and data analysis techniques.
• Strong background in accounting and financial industry audits, with knowledge of related risks and controls.
• Experience in general insurance or reinsurance environments is highly desirable.
• Demonstrated leadership skills, including team development and fostering inclusivity.
• Excellent communication skills to convey technical and non-technical information effectively.
• Ability to manage in a fast-paced environment and adapt to constant changes.