Internal Audit Manager

Company Description

Concert Group was launched in the fall of 2021 as a new kind of fronting company in the property casualty insurance market – one that’s designed to establish long-term relationships with our business partners and ensure their success by providing them with superior service.

Through our primary carrier, Concert Insurance®, and our E&S company, Concert Specialty®, we look for innovative and creative risk solutions to our partners’ needs while maintaining our commitment to underwriting discipline.

Our singular culture is defined by our vision, mission and values, all of which have been developed by our employees. Precision, problem solving and partnership are at the core of our value proposition, three promises that we aim to deliver on every day. 

Position Summary

We are seeking an accomplished and self-directed Internal Audit Manager to establish and lead the internal audit function for our fast-paced, growth-oriented Property & Casualty insurance organization. This newly created role is critical to strengthening the company’s governance, risk management, and control environment as we scale our operations and expand our regulatory footprint.

The Internal Audit Manager will design and implement a risk-based internal audit framework, provide independent assurance over financial and operational controls, and act as a trusted advisor to leadership on risk mitigation and process improvement. The ideal candidate is hands-on, comfortable operating in an evolving environment, and brings strong knowledge of P&C insurance operations, regulatory expectations, and complex insurance structures, including fronting and reinsurance.

Key Responsibilities

Internal Audit Function Build-Out & Leadership

• Design, establish, and continuously enhance the internal audit function, including defining the internal audit charter, methodology, and risk assessment process.
• Develop and execute the organization’s comprehensive, risk-based internal audit plan aligned with business objectives, regulatory requirements, and emerging risks.
• Operate initially in a hands-on capacity, performing audits directly while building the foundation for future team growth or co-sourced audit support.

Audit Execution & Risk Assessment

• Plan and perform operational and transactional audits across the organization.
• Lead audits of core insurance functions, including underwriting, claims, compliance, governance, premium billing and collections, reinsurance (ceded and assumed), MGAs, TPAs, and loss reserve processes.
• Assess the design and operating effectiveness of internal controls over financial reporting, including controls supporting US GAAP, SAP, and Property & Casualty statutory reporting.
• Evaluate risks associated with fronting arrangements, third-party relationships, new products, and evolving business models.
• Identify control gaps, operational inefficiencies, and process improvement opportunities through walkthroughs, testing, and data analysis.
• Coordinate the development and ongoing maintenance of the Model Audit Rule (MAR) across key stakeholders (e.g., Compliance, Legal, Risk, Finance, and HR), including control requirements, audit procedures, and evidence standards; oversee periodic testing to validate compliance and drive timely remediation.

Reporting & Advisory Support

• Prepare clear, concise audit reports that communicate findings, risk implications, and practical, business-focused recommendations to management and executive leadership.
• Partner with leadership and cross-functional teams in an advisory capacity on system implementations, process changes, and strategic initiatives, ensuring risks are proactively identified and mitigated.
• Track, validate, and report on the remediation of audit findings, highlighting trends and recurring themes.
• Prepare and present internal audit reporting at audit committee meetings

Regulatory & External Coordination

• Support regulatory examinations conducted by state insurance departments and NAIC-related reviews.
• Coordinate efforts with external auditors, providing documentation, walkthroughs, and control insights as needed.
• Stay current on evolving insurance regulations, internal control standards, and leading audit practices to ensure the audit approach remains relevant and effective.

Governance & Continuous Improvement

• Promote a strong culture of risk awareness, accountability, and ethical conduct across the organization.
• Contribute to the development and enhancement of company policies, procedures, and governance frameworks to support scalability and regulatory compliance.
• Assist leadership in preparing the organization for increased regulatory scrutiny as the company grows.
• Perform other related duties and responsibilities as assigned, recognizing that this role will evolve with the needs and maturity of the organization.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field; CPA, CIA, or equivalent certification strongly preferred.
• 8 years of experience in internal audit, external audit (public accounting), risk management, or accounting, with demonstrated ownership of audits and risk assessments.
• Mandatory experience within Property & Casualty insurance, exposure to fronting arrangements and reinsurance structures preferred.
• Strong understanding of statutory insurance reporting, regulatory compliance, and internal controls over financial reporting.
• Experience working in a high-growth, startup, or rapidly evolving environment, where processes are still being built or refined.
• Proven ability to work independently, prioritize effectively, and build credibility with senior leadership.
• Advanced proficiency in Microsoft Excel, including data analysis and control testing techniques; familiarity with audit tools or analytics platforms is a plus.
• Exceptional analytical, written, and verbal communication skills, with the ability to translate complex issues into clear, actionable insights.
• Comfortable balancing an independent assurance role with a collaborative, pragmatic advisory approach.
• Willingness to work onsite regularly to build strong relationships and support a collaborative hybrid environment.

Benefits

We offer a hybrid work model and a competitive compensation package that includes a base salary, performance-based bonuses, comprehensive health benefits, and meaningful opportunities for career advancement within our rapidly expanding organization.