What are the responsibilities and job description for the Internal Audit Trainee position at Sompo?
Sompo has a unique opportunity for a 2026 Internal Audit Trainee in our Purchase, NY or Morristown, NJ office.
Our Trainee Program is an 18-month program beginning in July 2026 designed to equip you with the essential business and technical skills needed to build a successful career in insurance.
As an Internal Audit Trainee, you will support the audit team in executing audit engagements. This includes planning audits, conducting fieldwork, assessing controls, and reporting findings. Graduates will gain exposure to various audit functions and develop a comprehensive understanding of the organization's operations.
Our Trainees will participate in a dynamic rotational experience designed to build your leadership potential and insurance expertise. This rigorous curriculum also includes training in negotiation, risk analysis and relationship management.
Sompo’s Trainee Program serves as a launchpad for career advancement, empowering you to acquire the knowledge and skills essential for success in your respective field.
What can I expect as an Internal Audit Trainee?
On-the-Job Learning
Trainees are embedded in audit teams, gaining exposure to real-world audit engagements. Responsibilities include audit planning, fieldwork testing, control assessments, and reporting.
Directed Self-Study
Trainees pursue the Internal Audit Practitioner designation (IIA). Sompo supports exam fees, study materials, and provides study leave.
Professional Development
Training in communication, negotiation, self-awareness, and business acumen will be part of the training activities. Participation in industry seminars and conferences is encouraged.
Mentorship
Each trainee is assigned a mentor from a different team to broaden exposure. Mentors support development through regular 1:1s and performance reviews.
What will I need to be an Internal Audit Trainee?
Qualifications, Skills And Experience
Sompo employees are some of the best and brightest in the industry. When recruiting the next generation of Sompo employees, we consider graduating Seniors, and recent college graduates with previous internship experience working in Accounting, Finance, Risk, IT, Economics, or related fields.
Additional Requirements Include
At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.
Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.
Summary
We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:
At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide. Life at Sompo page
Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.
Our Trainee Program is an 18-month program beginning in July 2026 designed to equip you with the essential business and technical skills needed to build a successful career in insurance.
As an Internal Audit Trainee, you will support the audit team in executing audit engagements. This includes planning audits, conducting fieldwork, assessing controls, and reporting findings. Graduates will gain exposure to various audit functions and develop a comprehensive understanding of the organization's operations.
Our Trainees will participate in a dynamic rotational experience designed to build your leadership potential and insurance expertise. This rigorous curriculum also includes training in negotiation, risk analysis and relationship management.
Sompo’s Trainee Program serves as a launchpad for career advancement, empowering you to acquire the knowledge and skills essential for success in your respective field.
What can I expect as an Internal Audit Trainee?
On-the-Job Learning
Trainees are embedded in audit teams, gaining exposure to real-world audit engagements. Responsibilities include audit planning, fieldwork testing, control assessments, and reporting.
Directed Self-Study
Trainees pursue the Internal Audit Practitioner designation (IIA). Sompo supports exam fees, study materials, and provides study leave.
Professional Development
Training in communication, negotiation, self-awareness, and business acumen will be part of the training activities. Participation in industry seminars and conferences is encouraged.
Mentorship
Each trainee is assigned a mentor from a different team to broaden exposure. Mentors support development through regular 1:1s and performance reviews.
What will I need to be an Internal Audit Trainee?
Qualifications, Skills And Experience
Sompo employees are some of the best and brightest in the industry. When recruiting the next generation of Sompo employees, we consider graduating Seniors, and recent college graduates with previous internship experience working in Accounting, Finance, Risk, IT, Economics, or related fields.
Additional Requirements Include
- Bachelor’s degree
- Graduation date between May 2025 and May 2026
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal abilities.
- Proficiency in Microsoft Office applications.
- Ability to work effectively in a fast-paced, team-oriented environment.
- High ethical standards and integrity.
- Willingness to travel for audit engagements as needed.
- Commitment to continuous learning and professional development.
- Flexibility and adaptability to changing audit priorities and environments.
- Strong organizational and time management skills.
- Local to the desired office location or able to arrange housing and transportation in the area to support an in-office working arrangement while in the Trainee Program
- Eligible candidates must be at least 18 years old and authorized to work in the United States without restriction
At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.
Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.
Summary
We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:
- Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
- Pharmacy benefits with mail order options
- Dental benefits including orthodontia benefits for adults and children
- Vision benefits
- Health Care & Dependent Care Flexible Spending Accounts
- Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
- Company-paid Disability benefits with very competitive salary continuation payments
- 401(k) Retirement Savings Plan with competitive employer contributions
- Competitive paid-time-off programs, including company-paid holidays
- Competitive Parental Leave Benefits & Adoption Assistance program
- Employee Assistance Program
- Tax-Free Commuter Benefit
- Tuition Reimbursement & Professional Qualification benefits
At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide. Life at Sompo page
Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.
Salary : $70,000 - $77,500