What are the responsibilities and job description for the Senior Internal Auditor position at OdysseyRe?
Odyssey Reinsurance Company (OdysseyRe) is the global reinsurance arm of Odyssey Group, one of the world’s leading providers of reinsurance and specialty insurance. OdysseyRe offers a broad range of property, casualty, and specialty reinsurance products, providing capital and risk management solutions for clients to efficiently manage economic risk, through a network of branch and representative offices across North America, Latin America, EMEA (Europe, Middle East & Africa), AsiaPacific and London.
OdysseyRe is an equal opportunity employer with excellent benefits and a strong commitment to providing training and opportunities for our staff. We provide employees an innovative, enriching environment and take great pride in their career growth.
OdysseyRe is rated A (Superior) by AM Best and AA- (Very Strong) by Standard and Poor’s. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited, which is traded on the Toronto Stock Exchange under the symbol FFH.
Position Summary
The Senior Internal Auditor conducts and leads complex internal audits and other projects in accordance with professional auditing standards, regulatory requirements, and the organization’s governance frameworks. This role is responsible for evaluating the effectiveness of internal controls, risk management, and governance processes across multiple business units. The Senior Internal Auditor identifies areas for improvement, recommends solutions, and collaborates with management to implement best practices. This position may coordinate with external auditors and regulatory bodies, and often mentors or supervises less experienced audit team members.
Essential Duties
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Workplace Initiatives
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OdysseyRe is an equal opportunity employer with excellent benefits and a strong commitment to providing training and opportunities for our staff. We provide employees an innovative, enriching environment and take great pride in their career growth.
OdysseyRe is rated A (Superior) by AM Best and AA- (Very Strong) by Standard and Poor’s. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited, which is traded on the Toronto Stock Exchange under the symbol FFH.
Position Summary
The Senior Internal Auditor conducts and leads complex internal audits and other projects in accordance with professional auditing standards, regulatory requirements, and the organization’s governance frameworks. This role is responsible for evaluating the effectiveness of internal controls, risk management, and governance processes across multiple business units. The Senior Internal Auditor identifies areas for improvement, recommends solutions, and collaborates with management to implement best practices. This position may coordinate with external auditors and regulatory bodies, and often mentors or supervises less experienced audit team members.
Essential Duties
- Lead and execute complex audit engagements, including planning, fieldwork, and reporting.
- Assess the adequacy and effectiveness of internal controls, risk management, and compliance processes.
- Develop audit programs and testing procedures relevant to risk and test objectives.
- Communicate audit findings and recommendations proactively and persuasively to management and stakeholders.
- Monitor the implementation of audit recommendations and follow up on corrective actions.
- Provide guidance and mentorship to less experienced team members and contribute to their professional development.
- Collaborate with cross-functional teams to support process improvements and organizational initiatives.
- Support Audit department leadership in developing the annual audit plan and in continuous improvement initiatives.
- Prepare and present reports for executive management, the Audit Committee, and external parties as required.
- Demonstrated leadership in process improvement, efficiency, and automation initiatives.
- Advanced knowledge of audit methodologies, risk assessment, and internal control frameworks.
- Strong analytical, critical thinking, and problem-solving skills.
- Excellent communication and presentation abilities, with the capacity to explain complex issues to diverse audiences.
- High proficiency in information technology and MS Office applications (Excel, Word, PowerPoint, Access); experience with audit management software is a plus.
- Strong business acumen and the ability to influence change across the organization.
- Commitment to continuous improvement and upholding the highest ethical standards.
- Bachelor’s degree required, preferably in Accounting or Finance
- 3 years of relevant audit experience, with a mix of public accounting and insurance industry experience preferred
- Experience with planning and coordinating fieldwork and presenting results – preferably to larger clients / operations
- Ability to work independently with minimal supervision, as well as collaboratively within a team environment
- Professional certification (e.g., CPA, CIA, CISA) preferred
Navigate the link below to learn more about careers at OdysseyRe.
Workplace Initiatives
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