The Internal Audit Director is responsible for leading the internal audit function, evaluating the effectiveness of internal controls, and providing assurance on the company’s risk management processes. The ideal candidate will have a strong background in internal audit Health and Life insurance industry and a proactive approach to identifying and mitigating risks.

Responsibilities:

• Develop and execute risk-based audit plans in accordance with industry standards and regulatory requirements
• Lead internal audits of key business processes, including underwriting, claims, finance, and operations
• Assess the effectiveness of internal controls and compliance with company policies, procedures, and regulatory requirements (Sarbanes-Oxley)
• Lead and analyze walkthroughs, evaluate results, and develop conclusions about the adequacy of internal controls, documenting the work performed and conclusions according to company standards
• Identify and communicate audit findings and recommendations to management, including opportunities for process improvements and risk mitigation
• Collaborate with cross-functional teams to implement audit recommendations and monitor remediation efforts
• Stay current on changes in industry regulations and best practices, assessing their potential impact on the company’s risk profile
• Provide guidance and support to junior staff members, fostering a culture of continuous learning and development

Requirements:

• Bachelor’s degree in Accounting, Finance, or related field
• CIA, CPA, CISA, or other relevant certification
• 7 years of progressive experience in internal audit roles in the insurance industry
• Strong understanding of insurance industry regulations and best practices, including underwriting, claims, and financial reporting